NYSE:BXMTMortgage REITs
Blackstone Mortgage Trust (BXMT) Stock Looks Fully Priced With Weak Returns And Rich Earnings
Blackstone Mortgage Trust stock has fallen about 14.3% year to date, yet on current checks it still trades at a premium, with both the Excess Returns intrinsic value estimate and traditional earnings multiples pointing to the shares being overvalued rather than outright cheap.
Year to date, Blackstone Mortgage Trust is down about 14.3%, which raises the question of whether the recent weakness has actually made the stock any more attractive on price.
The company’s ability to generate...