Latest posts by Jerome Brooks (see all)
- GPS is Turning out to be a Perfect Solution for Fleet Management - February 22, 2020
- Hot Stock in the Spotlight: Rush Enterprises Inc. (NASDAQ: RUSHB) - February 18, 2020
- Notable Runner: Blackstone Mortgage Trust Inc. (NYSE: BXMT) - February 18, 2020
Shares of Blackstone Mortgage Trust Inc. (NYSE: BXMT) showed the bearish trend with a lower momentum of -0.42% to $37.67. The company traded total volume of 63.219K shares as contrast to its average volume of 795.49K shares. The company has a market value of $5.04B and about 133.17M shares outstanding.
Blackstone Mortgage Trust, Inc. (BXMT) posted revenues of $101.92M for the quarter ended September 2019, missing the Zacks Consensus Estimate by 3.37%. This compares to year-ago revenues of $105.15M. The company has topped consensus revenue estimates three times over the last four quarters. Blackstone Mortgage Trust came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.59%. A quarter ago, it was expected that this real estate finance company would post earnings of $0.66 per share when it actually produced earnings of $0.68, delivering a surprise of 3.03%.
The Company offered net profit margin of 34.60% while its gross profit margin was 48.00%. ROE was recorded as 8.40% while beta factor was 0.56. The stock, as of recent close, has shown the weekly upbeat performance of 2.97% which was maintained at 1.64% in this year.
Blackstone Mortgage Trust Inc., NYSE: BXMT, BXMT