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

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be given a dividend of 0.47 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date is Wednesday, September 30th.

Blackstone Mortgage Trust has decreased its dividend payment by an average of 0.1%annually over the last three years. Blackstone Mortgage Trust has a payout ratio of 104.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Blackstone Mortgage Trust to earn $1.22 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 154.1%.

Blackstone Mortgage Trust Trading Up 0.8%

Blackstone Mortgage Trust stock opened at $13.27 on Wednesday. Blackstone Mortgage Trust has a 1-year low of $13.10 and a 1-year high of $20.67. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 147.49, a P/E/G ratio of 0.31 and a beta of 0.90. The firm has a 50 day simple moving average of $14.97 and a 200 day simple moving average of $17.37.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.10). Blackstone Mortgage Trust had a return on equity of 7.72% and a net margin of 1.57%.The company had revenue of $158.06 million for the quarter, compared to analysts’ expectations of $157.32 million. On average, equities research analysts forecast that Blackstone Mortgage Trust will post 0.9 EPS for the current year.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc is a real estate investment trust (REIT) that originates and holds senior mortgage loans secured by commercial real estate. Its lending activities primarily focus on transitional and institutional-quality properties, including office, multifamily, hotel, industrial, retail and other commercial assets.

The company’s portfolio is concentrated in major real estate markets in the United States, Europe and Australia. Its loans are generally floating-rate and are designed to provide financing for acquisitions, refinancings, renovations, development and other commercial real estate activities.

Blackstone Mortgage Trust is externally managed by BXMT Advisors LLC, an affiliate of Blackstone.