Blackstone Mortgage Trust Inc (BXMT) Stock: Do Analysts Think You Should Hold?

Wall Street is positive on Blackstone Mortgage Trust Inc (BXMT). On average, analysts give Blackstone Mortgage Trust Inc a Buy rating. The average price target is $23.1, which means analysts expect the stock to add by 13.91% over the next twelve months. That average ranking earns Blackstone Mortgage Trust Inc an Analyst Rating of 25, which is better than 25% 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!

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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 $20.28 as of 11:58 AM on Friday, Oct 20, a loss of -$0.16, or -0.81% from the previous closing price of $20.45. The stock has traded between $20.05 and $20.63 so far today. Volume today is less active than usual. So far 998,972 shares have traded compared to average volume of 3,678,641 shares. Click Here to get the full Stock Report for Blackstone Mortgage Trust Inc stock.