Beyond The Numbers: 4 Analysts Discuss Blackstone Mortgage Trust Stock
Portfolio Pulse from Benzinga Insights
Four analysts have recently evaluated Blackstone Mortgage Trust (NYSE:BXMT), maintaining a neutral stance with all four ratings being indifferent. The average 12-month price target for BXMT has been adjusted to $20.38, marking a 3.5% decrease. Analysts from JP Morgan, UBS, B of A Securities, and Keefe, Bruyette & Woods have all lowered their price targets, reflecting a cautious outlook on the company's financial performance. Blackstone Mortgage Trust, a real estate finance company, has experienced a revenue decline of -19.53% and faces challenges in profitability and debt management.
April 10, 2024 | 1:00 pm
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Blackstone Mortgage Trust's stock may face short-term pressure due to unanimous neutral ratings from analysts and a downward revision in price targets. The company's recent financial performance, including a significant revenue decline and challenges in profitability and debt management, could further impact investor sentiment.
The unanimous neutral stance by analysts, combined with lowered price targets, indicates a cautious outlook on BXMT. The company's recent financial performance, highlighted by a significant revenue decline and challenges in profitability and debt management, supports the potential for negative short-term stock price movement.
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