Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Given Average Recommendation of “Hold” by Analysts

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $20.07.

A number of equities research analysts have recently weighed in on BXMT shares. Wells Fargo & Company boosted their price target on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Wednesday, December 11th.

Blackstone Mortgage Trust Stock Up 2.1 %

Shares of NYSE BXMT opened at $17.77 on Friday. The stock’s 50 day moving average price is $18.52 and its two-hundred day moving average price is $18.38. Blackstone Mortgage Trust has a 52-week low of $16.53 and a 52-week high of $22.04. The stock has a market capitalization of $3.07 billion, a P/E ratio of -12.78 and a beta of 1.50.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 10.58%. Blackstone Mortgage Trust’s payout ratio is currently -135.25%.

Institutional Trading of Blackstone Mortgage Trust

A number of large investors have recently modified their holdings of BXMT. Harbor Capital Advisors Inc. bought a new stake in Blackstone Mortgage Trust during the 3rd quarter valued at $39,000. McIlrath & Eck LLC bought a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at about $63,000. Wellington Shields & Co. LLC lifted its holdings in Blackstone Mortgage Trust by 98.0% in the second quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 2,255 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Blackstone Mortgage Trust in the 2nd quarter valued at about $87,000. Finally, Future Financial Wealth Managment LLC acquired a new position in Blackstone Mortgage Trust during the 3rd quarter valued at about $95,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

About Blackstone Mortgage Trust

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.