Alert: Positive Investment/Fundamental Signals (12/1/23)-Blackstone Mortgage Trust Inc (NYSE: BXMT)


Blackstone Mortgage Trust Inc (NYSE: BXMT). Important positive changes in investment behavior have recently occurred: its longer term price trend turned up.

Notable positive changes in Blackstone Mortgage Trust Inc (NYSE: BXMT) fundamentals have recently occurred. Positive developments: the consensus estimate for December, 2023 increased significantly, the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred. Negative development: the consensus estimate for December, 2024 decreased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

BXMT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Blackstone Mortgage Trust has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Blackstone Mortgage Trust has a good Appreciation Score of 76 and a very high Power Rating of 85, and the Highest Value Trend Rating results.

Recent Price Action

Blackstone Mortgage Trust Inc (NYSE: BXMT) stock enjoyed a large increase of 4.1% on 12/1/23. The stock closed at $23.09. Moreover, this advance was accompanied by above average trading volume at 143% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.1% during the last week.

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