Company did not provide specific financial guidance for the current or upcoming periods in its press release
Result drivers
Portfolio turnover - Co said results reflect continued efforts to accelerate portfolio turnover and reallocate capital
Quarterly results
US real estate lender posted Q2 net loss attributable to Blackstone Mortgage Trust of $81.2 mln
GAAP EPS for Q2 was a loss of $0.48, dividend paid was $0.47 per share
Company says results reflect ongoing portfolio turnover and capital reallocation
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Blackstone Mortgage Trust Inc is $21.00, about 28% above its July 29 closing price of $16.40
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago
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