Blackstone Mortgage Trust (NYSE:BXMT) Price Target Raised to $20.00 at JPMorgan Chase & Co.

Blackstone Mortgage Trust (NYSE:BXMT) had its price target increased by JPMorgan Chase & Co. from $17.50 to $20.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on BXMT. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods boosted their price objective 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.64.

Blackstone Mortgage Trust Stock Up 0.9 %

Shares of NYSE BXMT opened at $20.51 on Tuesday. Blackstone Mortgage Trust has a 52 week low of $16.53 and a 52 week high of $20.73. The firm’s fifty day moving average is $18.30 and its 200 day moving average is $18.41. The company has a market cap of $3.52 billion, a price-to-earnings ratio of -14.75 and a beta of 1.50.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 12.91% and a positive return on equity of 9.35%. Equities research analysts anticipate that Blackstone Mortgage Trust will post 1.95 earnings per share for the current year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.17%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -160.68%.

Institutional Trading of Blackstone Mortgage Trust

Hedge funds have recently modified their holdings of the business. Intech Investment Management LLC bought a new position in Blackstone Mortgage Trust in the 3rd quarter worth about $821,000. Tidal Investments LLC bought a new position in Blackstone Mortgage Trust in the 3rd quarter worth about $883,000. Stifel Financial Corp boosted its stake in Blackstone Mortgage Trust by 15.4% in the 3rd quarter. Stifel Financial Corp now owns 70,381 shares of the real estate investment trust’s stock worth $1,338,000 after purchasing an additional 9,405 shares in the last quarter. Natixis Advisors LLC bought a new position in Blackstone Mortgage Trust in the 3rd quarter worth about $211,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in Blackstone Mortgage Trust in the 3rd quarter worth about $715,000. 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.