Keefe Bruyette & Woods Maintains Blackstone Mortgage Trust Inc to Market Perform with Price Target $31.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Blackstone Mortgage Trust Inc(NYSE:BXMT). In a research note issued to the investors, the brokerage major Raises the price-target to $31.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Jul 28, 2016.

Blackstone Mortgage Trust Inc (BXMT) made into the market gainers list on Thursdays trading session with the shares advancing 1.19% or 0.34 points. Due to strong positive momentum, the stock ended at $28.94, which is also near the day’s high of $29.02. The stock began the session at $28.62 and the volume stood at 8,95,250 shares. The 52-week high of the shares is $29.88 and the 52 week low is $22.13. The company has a current market capitalization of $2,718 M and it has 9,39,12,936 shares in outstanding.

Blackstone Mortgage Trust Inc(BXMT) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $81.41M. Analysts had an estimated revenue of $78.26M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.64.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Douglas N. Armer (Treasurer, Managing Director) sold 538 shares at $27.32 per share price.Also, On Jul 1, 2016, Thomas C Ruffing (Managing Director) sold 121 shares at $27.32 per share price.On Jul 1, 2016, Anthony F. Jr Marone (Chief Financial Officer) sold 182 shares at $27.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Blackstone Mortgage Trust Inc. is a holding company. The Company is a real estate investment trust (REIT) which is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. The Company has two operating segments: the Loan Origination segment and the CT Legacy Portfolio segment. The Company’s Loan Origination segment includes the Company’s activities associated with the origination and acquisition of mortgage loans the capitalization of its loan portfolio and the costs associated with operating its business. CT Legacy Partners’ portfolio consists of cash loans securities and other assets. The Company’s focus is to originate loans and invest in debt and related instruments supported by institutional commercial real estate. It directly originates co-originates and acquires debt instruments in conjunction with acquisitions refinancing and recapitalizations of commercial real estate around the world.

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