Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives $20.07 Consensus PT from Brokerages

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $20.07.

A number of equities analysts recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Wolfe Research upgraded 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 report on Wednesday, December 11th.

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 purchased a new stake in Blackstone Mortgage Trust in the third quarter worth about $63,000. Wellington Shields & Co. LLC lifted its stake 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 acquiring an additional 2,255 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Blackstone Mortgage Trust during the 2nd quarter worth about $87,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Blackstone Mortgage Trust during the 3rd quarter valued at about $95,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Down 1.7 %

NYSE BXMT opened at $17.41 on Friday. Blackstone Mortgage Trust has a 52 week low of $16.53 and a 52 week high of $22.04. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -12.53 and a beta of 1.50. The company has a fifty day moving average of $18.58 and a two-hundred day moving average of $18.39.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.80%. The ex-dividend date of this dividend is Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -135.25%.

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.