BXMT Stock Summary and Trading Ideas (Blackstone Mortgage Trust | NYSE:BXMT)

Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.

Blackstone Mortgage Trust trades on the NYSE stock market under the symbol BXMT.

As of April 24, 2024, BXMT stock price declined to $18.25 with 5,604,842 million shares trading.

BXMT has a beta of 1.33, meaning it tends to be more sensitive to market movements. BXMT has a correlation of 0.31 to the broad based SPY ETF.

BXMT has a market cap of $3.17 billion. This is considered a Mid Cap stock.

Last quarter Blackstone Mortgage Trust reported $154 million in Revenue and $.69 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.07.

In the last 3 years, BXMT stock traded as high as $34.04 and as low as $16.61.

The top ETF exchange traded funds that BXMT belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

BXMT has underperformed the market in the last year with a price return of +17.1% while the SPY ETF gained +24.1%. BXMT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.3% and -2.0%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

BXMT support price is $18.80 and resistance is $19.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BXMT stock will trade within this expected range on the day.