September 10, 2013 10:23 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Tuesday, JMP Securities analyst Steven C. DeLaney initiated coverage on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: BXMT) with a Market Outperform rating and $27.50 price target.In the report, JMP Securities noted, “We are initiating coverage on Blackstone Mortgage, a recently recapitalized senior floating-rate commercial real estate lender, with a Market Outperform investment rating and a $27.50 price target, which is supported by an implied dividend yield of ~7.25% on our stabilized quarterly dividend projection of $0.50 for 2Q14 and is equal to 1.10x current adjusted book value per share of $25.09. BXMT was recently recapitalized through a May 2013 offering that raised net proceeds of $634M and increased the market capitalization of the company to over $700M. Since that offering, the company has already originated or closed approximately $1.8B of senior, floating-rate commercial mortgages toward its goal of an initial target portfolio of $2.2B. Thus far, the pace of originations has mildly exceeded our expectations due to a robust transaction pipeline.”Blackstone Mortgage Trust closed on Monday at $25.45.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.