Blackstone Mortgage Receives a Buy from B.Riley FBR

By Ryan Adsit

In a report released today, Jessica Levi-Ribner from B.Riley FBR reiterated a Buy rating on Blackstone Mortgage (NYSE: BXMT), with a price target of $33. The company’s shares closed yesterday at $30.97.

Levi-Ribner commented:

“We reiterate our Buy rating and $33 price target on shares of Blackstone Mortgage Trust, Inc. (BXMT), following 4Q17 earnings results that beat our expectations yet again. BXMT reported core EPS of $0.65, which beat B. Riley FBR and Street estimates of $0.58 and $0.63, respectively. Overall, this was another strong quarter headlined by higher-than-expected originations, further financing improvements, which included its inaugural CLO, and continued credit maintenance on the existing portfolio. Looking ahead, management noted a robust originations pipeline, which combined with the company’s liquidity position and access to the capital markets through a variety of channels, positions it well to outperform in a competitive market and should support earnings through FY18.”

According to, Levi-Ribner is a 3-star analyst with an average return of 4.0% and a 60.9% success rate. Levi-Ribner covers the Financial sector, focusing on stocks such as Sutherland Asset Management Corporation, Arlington Asset Investment, and New York Mortgage Trust.

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

Blackstone Mortgage’s market cap is currently $2.94B and has a P/E ratio of 13.76. The company has a book value ratio of 1.1656.

Based on the recent corporate insider activity of 68 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.