Are Investors Interested In Selling Their Holdings Of Blackstone Mortgage Trust Inc (NYSE: BXMT)?

Blackstone Mortgage Trust Inc (NYSE:BXMT) traded at $18.03 at last check on Wednesday, July 24, made a downward move of -8.13% on its previous day’s price.

Looking at the stock we see that its previous close was $19.63 . The company has a trailing 12-month PE ratio of 658.21. In terms of its 52-week price range, BXMT has a high of $23.82 and a low of $16.70. The company’s stock has lost about -0.63% over that past 30 days.

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Blackstone Mortgage Trust Inc has a market cap of $3.13 billion. With its Forward Dividend at 2.48 and a yield of 13.75%, the company’s investors could be anxious for the BXMT stock to gain ahead of the earnings release.

Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Blackstone Mortgage Trust Inc (BXMT) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the BXMT stock currently stands at 303.32, and the most recent price level today is -2.25% off its SMA20 and 0.38% from its 50-day simple moving average. The RSI (14) is pointing at 44.64 while the volatility over the past week is 2.55% and jumps to 2.18% over the past one month. The beta value is 1.53, while the average true range (ATR) is currently pointing at 0.57.

Coming back to Blackstone Mortgage Trust Inc (NYSE:BXMT), we note that the average 3-month trading volume was 2.06 million, while that of the preceding 10-day period stands at 2.34 million. Current shares outstanding are 173.21 million.

The insiders hold 5.87% of the company’s shares while institutions hold 61.30%. The data shows that short shares as of 2024-06-28, stood at 27.25 million at a short ratio of 14.07. This represents a 21.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.8321.83 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 26.83 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -15.21% down in year-to-date price movement.

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