Blackstone Mortgage Trust Inc (NYSE:BXMT) has been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $34.33.
BXMT has been the topic of several research analyst reports. Zacks Investment Research raised Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Friday, April 27th. ValuEngine lowered Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.
Large investors have recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Blackstone Mortgage Trust in the second quarter worth approximately $101,000. Envestnet Asset Management Inc. boosted its stake in shares of Blackstone Mortgage Trust by 61.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,423 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 1,677 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Blackstone Mortgage Trust in the first quarter worth approximately $141,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Blackstone Mortgage Trust in the second quarter worth approximately $157,000. Finally, Point72 Asset Management L.P. purchased a new position in Blackstone Mortgage Trust during the first quarter worth approximately $182,000. 57.78% of the stock is currently owned by hedge funds and other institutional investors.
BXMT traded down $0.16 during trading on Tuesday, hitting $33.09. The company’s stock had a trading volume of 943,961 shares, compared to its average volume of 1,256,652. Blackstone Mortgage Trust has a twelve month low of $29.51 and a twelve month high of $33.51. The firm has a market cap of $3.93 billion, a P/E ratio of 14.32, a PEG ratio of 2.59 and a beta of 0.44.
Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings data on Tuesday, July 24th. The real estate investment trust reported $0.83 EPS for the quarter, beating the consensus estimate of $0.59 by $0.24. Blackstone Mortgage Trust had a return on equity of 9.24% and a net margin of 49.22%. The company had revenue of $103.75 million for the quarter, compared to analyst estimates of $89.07 million. During the same period last year, the company earned $0.60 earnings per share. Blackstone Mortgage Trust’s quarterly revenue was up 43.1% compared to the same quarter last year. analysts anticipate that Blackstone Mortgage Trust will post 2.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 16th. Stockholders of record on Friday, June 29th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date was Thursday, June 28th. Blackstone Mortgage Trust’s dividend payout ratio is presently 107.36%.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.
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