Blackstone Mortgage Trust (BXMT) Tops Q2 EPS by 3c
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FBR Capital Raises Price Target on Blackstone Mortgage Trust (BXMT) to $32 Following Strong 2Q
July 27, 2016 2:18 PM EDTFBR Capital reiterated an Outperform rating on Blackstone Mortgage Trust (NYSE: BXMT), and raised the price target to $32.00 (from $29.00), following the company's 2Q earnings report. BXMT reported EPS of $0.67, beating $0.66 estimates. Over the past four quarters, BXMT's core earnings have surpassed the dividend by at least 105%, and FBR expects the company to continue to easily cover the dividend over the next several quarters.... More
