Blackstone Mortgage Trust Inc (NYSE: BXMT) stock suffered a major decline of -11.6% on 7/24/24. The shares closed at $17.35. Moreover, exceptionally high trading volume at 430% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -11.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BXMT is expected to continue to be an important Value Builder.
Blackstone Mortgage Trust has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Blackstone Mortgage Trust has a good Appreciation Score of 83 but a very low Power Rating of 7, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment