Blackstone Mortgage Trust (NYSE:BXMT) Issues Earnings Results, Beats Estimates By $1.26 EPS

Blackstone Mortgage Trust (NYSE:BXMT) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of ($0.87) by $1.26, Zacks reports. Blackstone Mortgage Trust had a negative net margin of 12.91% and a positive return on equity of 9.35%.

Blackstone Mortgage Trust Price Performance

BXMT stock opened at $19.22 on Thursday. Blackstone Mortgage Trust has a 12 month low of $16.53 and a 12 month high of $20.73. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -13.83 and a beta of 1.50. The company has a fifty day moving average price of $18.21 and a 200 day moving average price of $18.36.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.78%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is -135.25%.

Analyst Ratings Changes

Several equities analysts recently commented on BXMT shares. Keefe, Bruyette & Woods dropped their target price on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Finally, Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.14.

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.