Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Plans Quarterly Dividend of $0.47

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) announced a quarterly dividend on Monday, December 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.47 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Wednesday, December 31st.

Blackstone Mortgage Trust has decreased its dividend payment by an average of 0.0%annually over the last three years. Blackstone Mortgage Trust has a payout ratio of 104.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Blackstone Mortgage Trust Price Performance

Shares of Blackstone Mortgage Trust stock traded down $0.15 during trading on Tuesday, hitting $20.48. 85,993 shares of the company’s stock traded hands, compared to its average volume of 1,418,492. The firm’s fifty day moving average price is $18.79 and its 200 day moving average price is $19.10. Blackstone Mortgage Trust has a twelve month low of $16.51 and a twelve month high of $21.24. The company has a market cap of $3.44 billion, a PE ratio of 33.05 and a beta of 1.08.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. Blackstone Mortgage Trust had a net margin of 7.53% and a return on equity of 4.06%. The firm had revenue of $132.71 million during the quarter, compared to analysts’ expectations of $103.56 million. As a group, equities research analysts anticipate that Blackstone Mortgage Trust will post 1.65 earnings per share for the current year.

Insider Transactions at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 4,593 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $19.49, for a total value of $89,517.57. Following the sale, the chief executive officer directly owned 230,006 shares in the company, valued at $4,482,816.94. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 6,503 shares of company stock worth $126,682. 1.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Blackstone Mortgage Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at about $25,000. SVB Wealth LLC bought a new stake in shares of Blackstone Mortgage Trust during the 1st quarter worth $29,000. Jones Financial Companies Lllp lifted its position in shares of Blackstone Mortgage Trust by 45.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 536 shares during the last quarter. North Capital Inc. acquired a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at approximately $37,000. Finally, Advisory Services Network LLC acquired a new position in Blackstone Mortgage Trust during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds 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.