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

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have been given an average rating of “Hold” by the eight research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $20.14.

Several brokerages recently issued reports on BXMT. Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Wednesday, December 11th. Keefe, Bruyette & Woods cut their price target on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Tuesday.

Blackstone Mortgage Trust Trading Down 3.0 %

Shares of BXMT opened at $17.71 on Thursday. 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 P/E ratio of -12.74 and a beta of 1.50. The firm’s 50-day moving average is $18.35 and its two-hundred day moving average is $18.41.

Blackstone Mortgage Trust Announces Dividend

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

Institutional Investors Weigh In On Blackstone Mortgage Trust

Hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new position in Blackstone Mortgage Trust during the third quarter worth approximately $39,000. McIlrath & Eck LLC purchased a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth $63,000. Future Financial Wealth Managment LLC acquired a new position in Blackstone Mortgage Trust in the third quarter valued at $95,000. KBC Group NV increased its stake in Blackstone Mortgage Trust by 39.3% during the fourth quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 2,145 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in shares of Blackstone Mortgage Trust in the 4th quarter worth about $172,000. 64.15% of the stock is owned by institutional investors and hedge funds.

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.