KBW Releases a Buy Rating on Blackstone Mortgage

By Carrie Williams

In a report released yesterday, Jade Rahmani from KBW reiterated a Buy rating on Blackstone Mortgage (NYSE: BXMT), with a price target of $32. The company’s shares closed yesterday at $30.49.

According to TipRanks.com, Rahmani is a 4-star analyst with an average return of 10.3% and a 65.8% success rate. Rahmani covers the Financial sector, focusing on stocks such as Starwood Property Trust, Jones Lang Lasalle Inc, and Altisource Residential.

Blackstone Mortgage has an analyst consensus of Moderate Buy, with a price target consensus of $32.

Based on Blackstone Mortgage’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $116 million and quarterly net profit of $53.38 million. In comparison, last year the company earned revenue of $128 million and had a net profit of $65.27 million.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Thomas Ruffing, the Managing Director of BXMT sold 141 shares for a total of $4,402.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Blackstone Mortgage Trust, Inc. is a real estate investment trust, which focuses primarily on loans and securities backed by commercial real estate assets. The company was founded by Samuel Zell, John R. Klopp, and Craig M. Hatkoff in July 1997 and is headquartered in New York, NY.