Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives $20.67 Average PT from Analysts

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have received an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $20.67.

BXMT has been the subject of several research reports. Keefe, Bruyette & Woods upped their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a research report on Thursday, February 13th. UBS Group lifted their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th.

Blackstone Mortgage Trust Stock Up 0.1 %

Shares of NYSE:BXMT opened at $21.09 on Friday. Blackstone Mortgage Trust has a 52 week low of $16.53 and a 52 week high of $21.24. The company’s fifty day moving average is $19.36 and its 200 day moving average is $18.84. The stock has a market cap of $3.62 billion, a PE ratio of -18.02 and a beta of 1.52.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. Sell-side analysts anticipate that Blackstone Mortgage Trust will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 8.92%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -160.68%.

Insiders Place Their Bets

In other news, CEO Katharine A. Keenan sold 2,315 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.70, for a total value of $47,920.50. Following the completion of the sale, the chief executive officer now directly owns 246,172 shares of the company’s stock, valued at approximately $5,095,760.40. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 5,652 shares of company stock valued at $116,971 in the last ninety days. 0.93% of the stock is currently owned by corporate insiders.

Institutional Trading of Blackstone Mortgage Trust

Large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Blackstone Mortgage Trust by 125.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,204 shares during the last quarter. Huntington National Bank increased its position in Blackstone Mortgage Trust by 1,672.9% during the 4th quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 2,844 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in Blackstone Mortgage Trust during the fourth quarter worth $56,000. McIlrath & Eck LLC purchased a new position in shares of Blackstone Mortgage Trust in the 3rd quarter valued at about $63,000. Finally, Sterling Capital Management LLC increased its holdings in Blackstone Mortgage Trust by 814.9% in the fourth quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 4,873 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Company Profile

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.