Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives Consensus Rating of "Hold" from Analysts

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) have received a consensus recommendation of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.93.

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Several equities research analysts have recently commented on BXMT shares. Wells Fargo & Company decreased their price objective on Blackstone Mortgage Trust from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. decreased their price objective on Blackstone Mortgage Trust from $18.50 to $17.50 and set a "neutral" rating for the company in a report on Thursday, April 25th. BTIG Research decreased their price objective on Blackstone Mortgage Trust from $24.00 to $22.00 and set a "buy" rating for the company in a report on Wednesday, April 17th. Keefe, Bruyette & Woods decreased their price objective on Blackstone Mortgage Trust from $20.50 to $18.00 and set a "market perform" rating for the company in a report on Friday, April 26th. Finally, UBS Group decreased their price target on Blackstone Mortgage Trust from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, April 25th.

Get Our Latest Research Report on Blackstone Mortgage Trust

Blackstone Mortgage Trust Stock Down 0.3 %

NYSE BXMT opened at $18.36 on Friday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 612.00 and a beta of 1.44. Blackstone Mortgage Trust has a 52 week low of $17.50 and a 52 week high of $23.82. The business has a 50 day moving average price of $18.95 and a 200-day moving average price of $20.31.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.62 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.48 annualized dividend and a yield of 13.51%. Blackstone Mortgage Trust's dividend payout ratio is currently 8,266.67%.

Insider Activity

In other news, CEO Katharine A. Keenan sold 2,274 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.42, for a total transaction of $46,435.08. Following the transaction, the chief executive officer now owns 194,298 shares of the company's stock, valued at approximately $3,967,565.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Katharine A. Keenan sold 2,275 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the transaction, the chief executive officer now owns 192,023 shares of the company's stock, valued at approximately $3,888,465.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Katharine A. Keenan sold 2,274 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the sale, the chief executive officer now directly owns 194,298 shares in the company, valued at approximately $3,967,565.16. The disclosure for this sale can be found here. Insiders have sold 5,540 shares of company stock valued at $112,642 in the last 90 days. Insiders own 1.02% of the company's stock.

Institutional Trading of Blackstone Mortgage Trust

Institutional investors have recently added to or reduced their stakes in the stock. Central Bank & Trust Co. purchased a new stake in Blackstone Mortgage Trust during the 4th quarter worth about $25,000. Cape Investment Advisory Inc. purchased a new stake in Blackstone Mortgage Trust during the 4th quarter worth about $42,000. GAMMA Investing LLC purchased a new stake in Blackstone Mortgage Trust during the 4th quarter worth about $45,000. Creekmur Asset Management LLC bought a new position in Blackstone Mortgage Trust in the 4th quarter worth about $51,000. Finally, Sandy Spring Bank increased its stake in Blackstone Mortgage Trust by 10,652.0% in the 4th quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 2,663 shares during the last quarter. Hedge funds and other 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.

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