Keefe Bruyette raised the firm’s price target on Blackstone Mortgage (BXMT) to $19.50 from $18.50 and keeps a Market Perform rating on the shares. The firm expects distributable EPS excluding credit to trough in the next 1-2 quarters, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BXMT:
- Positive Outlook for Blackstone Mortgage: Buy Rating Affirmed Amid Credit Stability and Strategic Portfolio Expansion
- Blackstone Mortgage Trust’s Risky Venture: Navigating Tenant Dependencies and Economic Uncertainties
- Blackstone Mortgage Trust Eyes Growth in 2025
- Blackstone Mortgage Trust’s Earnings Call Highlights Growth and Challenges
- Blackstone Mortgage reports Q4 distributable EPS ($1.25), consensus (87c)