UBS has adjusted its price target for Blackstone Mortgage (BXMT, Financial), reducing it to $18 from a previous $19.50, while maintaining a Neutral rating on the stock. This adjustment reflects broader market concerns impacting commercial mortgage real estate investment trusts (REITs).
The move is part of a larger trend, as UBS has generally reduced price targets for commercial mortgage REITs by an average of 17%. The firm highlights ongoing macroeconomic uncertainty as a significant factor likely to impede the sector's ability to rebound in the near term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Blackstone Mortgage Trust Inc (BXMT, Financial) is $20.75 with a high estimate of $23.00 and a low estimate of $19.50. The average target implies an upside of 13.48% from the current price of $18.29. More detailed estimate data can be found on the Blackstone Mortgage Trust Inc (BXMT) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Blackstone Mortgage Trust Inc's (BXMT, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Blackstone Mortgage Trust Inc (BXMT, Financial) in one year is $15.30, suggesting a downside of 16.32% from the current price of $18.285. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Blackstone Mortgage Trust Inc (BXMT) Summary page.
