Keefe Bruyette raised the firm’s price target on Blackstone Mortgage (BXMT) to $20.50 from $19.50 and keeps a Market Perform rating on the shares after meeting with management. The company continues to believe the commercial real estate market bottomed in mid-2024, transaction activity is increasing, and its portfolio credit has mostly been accounted for or stabilized, the analyst tells investors in a research note.
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Read More on BXMT:
- Blackstone Mortgage price target raised to $20 from $19 at BofA
- Blackstone Mortgage price target raised to $19.50 from $18.50 at Keefe Bruyette
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