Notable Runner: Blackstone Mortgage Trust Inc. (NYSE: BXMT)

Jerome Brooks

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

Jerome Brooks

Jerome Brooks

I am Jerome Brooks and I focus on breaking news stories and ensuring we (“Tribune Updates”) offer timely reporting on some of the most recent stories released through market wires about “Industrial Goods” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Tribune Updates specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 1461 Gore Street Houston, TX 77092, USA Phone: (+1) 81 713-586-3713 Email: Jeromebrooks@tribuneupdates.com

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