Positive News Coverage Somewhat Unlikely to Affect Blackstone Mortgage Trust (BXMT) Share Price

Headlines about Blackstone Mortgage Trust (NYSE:BXMT) have trended positive recently, according to Accern Sentiment. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackstone Mortgage Trust earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.9367896343044 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted Accern’s scoring:

Shares of Blackstone Mortgage Trust (BXMT) opened at $31.42 on Monday. The company has a market capitalization of $3,399.46, a P/E ratio of 13.84 and a beta of 0.59. Blackstone Mortgage Trust has a one year low of $29.51 and a one year high of $33.08.

Several research firms have commented on BXMT. B. Riley set a $33.00 price objective on Blackstone Mortgage Trust and gave the company a “buy” rating in a research note on Thursday. FBR & Co upped their price objective on Blackstone Mortgage Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. JPMorgan Chase & Co. downgraded Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 6th. Zacks Investment Research downgraded Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods downgraded Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Blackstone Mortgage Trust has an average rating of “Buy” and a consensus target price of $33.60.

TRADEMARK VIOLATION NOTICE: “Positive News Coverage Somewhat Unlikely to Affect Blackstone Mortgage Trust (BXMT) Share Price” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://stocknewstimes.com/2018/02/19/positive-news-coverage-somewhat-unlikely-to-affect-blackstone-mortgage-trust-bxmt-share-price.html.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.

Insider Buying and Selling by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

Receive News & Ratings for Blackstone Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply