Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives $20.29 Consensus Price Target from Analysts

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.64.

Several equities analysts recently issued reports on BXMT shares. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price target on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a research note on Thursday, February 13th.

Blackstone Mortgage Trust Stock Down 1.5 %

BXMT stock opened at $20.26 on Monday. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of -17.31 and a beta of 1.50. Blackstone Mortgage Trust has a 12-month low of $16.53 and a 12-month high of $21.09. The company’s fifty day simple moving average is $18.40 and its 200 day simple moving average is $18.50.

Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. Research analysts expect that Blackstone Mortgage Trust will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 9.28%. The ex-dividend date was Tuesday, December 31st. Blackstone Mortgage Trust’s payout ratio is presently -160.68%.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. True North Advisors LLC grew its position in Blackstone Mortgage Trust by 2.4% in the 4th quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock worth $418,000 after purchasing an additional 558 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in Blackstone Mortgage Trust by 1.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock worth $666,000 after purchasing an additional 624 shares in the last quarter. CIBC Asset Management Inc grew its position in Blackstone Mortgage Trust by 4.9% in the 4th quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 785 shares in the last quarter. IFP Advisors Inc grew its position in Blackstone Mortgage Trust by 9.1% in the 4th quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 841 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in Blackstone Mortgage Trust by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 967 shares during the last quarter. 64.15% of the stock is owned by institutional investors.

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.