BTIG analyst Timothy P. Hayes reiterated a Buy rating on Blackstone Mortgage (NYSE:BXMT) on Friday, setting a price target of $35, which is approximately 13.42% above the present share price of $30.86.
P. Hayes expects Blackstone (NYSE:BX) Mortgage to post earnings per share (EPS) of $0.89 for the third quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Blackstone Mortgage, with an average price target of $35.
The analysts price targets range from a high of $35 to a low of $35.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $113.95 million and a net profit of $0. The company's market cap is $4.54 billion.
According to TipRanks.com, BTIG analyst Timothy P. Hayes is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.9% and a 59.28% success rate.
Blackstone Mortgage Trust, Inc. is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio. The company was founded by Samuel Zell, John R. Klopp, and Craig M. Hatkoff in July 1997 and is headquartered in New York, NY.