Blackstone Mortgage Trust (BXMT) to Release Quarterly Earnings on Wednesday

Blackstone Mortgage Trust (NYSE:BXMTGet Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT opened at $18.54 on Monday. Blackstone Mortgage Trust has a fifty-two week low of $16.83 and a fifty-two week high of $23.82. The business has a 50-day moving average of $19.57 and a 200 day moving average of $20.66. The firm has a market cap of $3.22 billion, a P/E ratio of 13.15 and a beta of 1.42.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.62 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a yield of 13.38%. Blackstone Mortgage Trust’s dividend payout ratio is presently 175.89%.

Analyst Upgrades and Downgrades

BXMT has been the subject of several analyst reports. BTIG Research cut their price objective on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Keefe, Bruyette & Woods decreased their price objective on Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research note on Wednesday, April 10th. Bank of America downgraded Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $21.00 in a research note on Monday, March 4th. UBS Group decreased their price target on Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.83.

Check Out Our Latest Stock Analysis on BXMT

Insider Activity

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the transaction, the chief executive officer now directly owns 194,298 shares in the company, valued at approximately $3,967,565.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $20.42, for a total transaction of $46,435.08. Following the sale, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at approximately $3,967,565.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 2,275 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the transaction, the chief executive officer now directly owns 192,023 shares of the company’s stock, valued at approximately $3,888,465.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,540 shares of company stock valued at $112,642. Company insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Blackstone Mortgage Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Blackstone Mortgage Trust by 9.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 81,768 shares of the real estate investment trust’s stock valued at $1,740,000 after purchasing an additional 7,045 shares during the last quarter. Childress Capital Advisors LLC raised its stake in Blackstone Mortgage Trust by 9.9% during the fourth quarter. Childress Capital Advisors LLC now owns 12,197 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 1,100 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Blackstone Mortgage Trust in the fourth quarter worth $217,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Blackstone Mortgage Trust by 2.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 132,685 shares of the real estate investment trust’s stock worth $2,822,000 after acquiring an additional 3,248 shares during the last quarter. Finally, Baker Avenue Asset Management LP raised its position in shares of Blackstone Mortgage Trust by 26,395.0% in the 4th quarter. Baker Avenue Asset Management LP now owns 107,040 shares of the real estate investment trust’s stock worth $2,277,000 after purchasing an additional 106,636 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

About Blackstone Mortgage Trust

(Get Free Report)

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.

Further Reading

Earnings History for Blackstone Mortgage Trust (NYSE:BXMT)

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