Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Given Average Recommendation of “Hold” by Analysts

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.14.

BXMT has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their target price on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research note on Tuesday.

Institutional Investors Weigh In On Blackstone Mortgage Trust

A number of institutional investors have recently modified their holdings of BXMT. Artemis Investment Management LLP acquired a new position in Blackstone Mortgage Trust in the third quarter worth about $24,103,000. Point72 Asset Management L.P. bought a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter valued at approximately $10,656,000. GFS Advisors LLC lifted its stake in Blackstone Mortgage Trust by 9,068.6% during the third quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock worth $8,715,000 after purchasing an additional 453,430 shares during the last quarter. Dupree Financial Group LLC increased its stake in Blackstone Mortgage Trust by 98.8% during the third quarter. Dupree Financial Group LLC now owns 273,560 shares of the real estate investment trust’s stock valued at $5,200,000 after purchasing an additional 135,963 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Blackstone Mortgage Trust by 167.8% during the third quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock worth $3,289,000 after purchasing an additional 108,409 shares during the period. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Down 3.0 %

NYSE:BXMT opened at $17.71 on Thursday. The firm’s fifty day simple moving average is $18.35 and its 200 day simple moving average is $18.41. Blackstone Mortgage Trust has a twelve month low of $16.53 and a twelve month high of $21.50. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of -12.74 and a beta of 1.50.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.62%. The ex-dividend date was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio is currently -135.25%.

About Blackstone Mortgage Trust

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.