KBW Reiterates a Buy Rating on Blackstone Mortgage

By Jason Carr

KBW analyst Jade Rahmani reiterated a Buy rating on Blackstone Mortgage (NYSE: BXMT) on September 14 and set a price target of $33. The company’s shares closed yesterday at $31.16.

According to TipRanks.com, Rahmani is a 4-star analyst with an average return of 9.3% and a 66.7% success rate. Rahmani covers the Financial sector, focusing on stocks such as Kkr Real Estate ate Finance Trust Inc, Starwood Property Trust, and Jones Lang Lasalle Inc.

Blackstone Mortgage has an analyst consensus of Moderate Buy, with a price target consensus of $33.

The company has a one year high of $32.47 and a one year low of $27.89. Currently, Blackstone Mortgage has an average volume of 639.3K.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock.

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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.