Blackstone Mortgage Trust Inc (NYSE: BXMT) suffers from extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Blackstone Mortgage Trust Inc (NYSE: BXMT) has recently experienced important negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Blackstone Mortgage Trust has a very high Appreciation Score of 86 but a poor Power Rating of 27, and the Neutral Value Trend Rating results.
Recent Price Action
Blackstone Mortgage Trust Inc (NYSE: BXMT) stock declined by -3.2% on 10/1/24. The shares closed at $18.40. This decline was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months and has declined -7.7% during the last week.
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