Analysts who follow Blackstone Mortgage Trust Inc (BXMT) on average expect it to add 32.74% over the next twelve months. Those same analysts give the stock an average rating of Buy.
That average rating earns BXMT an Analyst Ranking of 23, which means it ranks higher than 23 of stocks, based on data compiled by InvestorsObserver.
Wall Street analysts are rating BXMT a Buy today. Find out what this means to you and get the rest of the rankings on BXMT!
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Blackstone Mortgage Trust Inc Stock Today?
Blackstone Mortgage Trust Inc (BXMT) stock is trading at $23.73 as of 12:53 PM on Monday, Oct 3, a rise of $0.38, or 1.63% from the previous closing price of $23.35. The stock has traded between $22.94 and $23.88 so far today. Volume today is 1,896,555 compared to average volume of 1,841,022.
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