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

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have received an average recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.07.

Several brokerages have recently weighed in on BXMT. Wells Fargo & Company increased their price objective on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Wednesday, December 11th.

Hedge Funds Weigh In On Blackstone Mortgage Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Artemis Investment Management LLP acquired a new stake in Blackstone Mortgage Trust in the 3rd quarter valued at $24,103,000. Van ECK Associates Corp grew its stake in shares of Blackstone Mortgage Trust by 4.9% in the third quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock valued at $15,737,000 after buying an additional 38,436 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at about $10,656,000. Rockefeller Capital Management L.P. lifted its position in Blackstone Mortgage Trust by 1.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock worth $11,319,000 after acquiring an additional 8,444 shares in the last quarter. Finally, GFS Advisors LLC boosted its holdings in Blackstone Mortgage Trust by 9,068.6% in the 3rd quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock worth $8,715,000 after acquiring an additional 453,430 shares during the period. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Up 1.5 %

NYSE BXMT opened at $18.04 on Friday. The business’s 50-day moving average price is $18.51 and its 200 day moving average price is $18.38. Blackstone Mortgage Trust has a twelve month low of $16.53 and a twelve month high of $22.04. The company has a market capitalization of $3.12 billion, a PE ratio of -12.98 and a beta of 1.50.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 10.42%. Blackstone Mortgage Trust’s dividend payout ratio is currently -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.