Analysts Set Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Price Target at $21.67

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) is a real estate investment trust (REIT) that focuses on originating, acquiring, and managing commercial mortgage loans in the United States. The company's portfolio consists primarily of agency and non-agency commercial mortgage loans, as well as mortgage-backed securities.

As of the latest analyst reports, the consensus price target for Blackstone Mortgage Trust is set at $21.67, according to MarketBeat, an investment research platform that aggregates analyst ratings and financial data. This price target represents a potential upside of approximately 13% from the stock's current price as of March 23, 2023.

Five investment firms are currently covering Blackstone Mortgage Trust, with a total of five analysts providing their recommendations on the stock. Among them, four analysts have issued a "Hold" rating, indicating that they believe the stock is a neutral investment choice. One analyst, however, has given a "Buy" rating, suggesting that they believe the stock is undervalued and could outperform the market.

It's important to note that analyst ratings and price targets are not guarantees and should not be considered as the sole factor when making investment decisions. They are based on the analysts' research and analysis of the company's financial statements, industry trends, and market conditions.

Blackstone Mortgage Trust's financial performance in the past year has been solid, with the company reporting net income of $303.5 million for the full year 2022, up from $255.3 million in 2021. The company's adjusted funds from operations (AFFO) per share also increased from $0.94 in 2021 to $1.05 in 2022.

Despite the positive financial results, the company's stock price has underperformed the broader market in the past year, with the S&P 500 index returning approximately 10% over the same period. This could be due to various factors, including interest rate fluctuations and economic uncertainty, which have affected the REIT industry as a whole.

In summary, the consensus price target for Blackstone Mortgage Trust is $21.67, with a "Hold" rating from the majority of analysts covering the stock. The company's financial performance has been solid, but its stock price has underperformed the market in the past year. Investors should consider this information in conjunction with their own research and analysis before making investment decisions.