Blackstone Mortgage (BXMT): Heavy Pre-Market Activity

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Trade-Ideas LLC identified Blackstone Mortgage ( BXMT) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Blackstone Mortgage as such a stock due to the following factors:

  • BXMT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.7 million.
  • BXMT traded 79,738 shares today in the pre-market hours as of 7:55 AM, representing 24.4% of its average daily volume.

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More details on BXMT:

Blackstone Mortgage Trust, Inc., a real estate finance company, originates and purchases senior loans collateralized by properties in North America and Europe. It operates through two segments, Loan Origination and CT Legacy Portfolio. The stock currently has a dividend yield of 6.8%. BXMT has a PE ratio of 14. Currently there are 6 analysts that rate Blackstone Mortgage a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Blackstone Mortgage has been 838,500 shares per day over the past 30 days. Blackstone has a market cap of $2.5 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.33 and a short float of 1.6% with 4.50 days to cover. Shares are up 3.7% year-to-date as of the close of trading on Friday.

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