UPDATE: Bank of America Initiates Blackstone Mortgage Trust at Neutral on Valuation
June 04, 2013 at 10:17 AM EDT
In a report published Monday, Bank of America analyst Kenneth Bruce initiated coverage on Blackstone Mortgage Trust (NYSE: BXMT ) with a Neutral rating and a $27 price objective. In the report, Bank of America cited, “our $27 price objective is based on a 1.10x multiple to our Q2’13 estimated
