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

Blackstone Mortgage Trust, Inc. (NYSE:BXMTGet Free Report) has received an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings 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 price objective among brokerages that have updated their coverage on the stock in the last year is $20.64.

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

Get Our Latest Stock Report on Blackstone Mortgage Trust

Institutional Trading of Blackstone Mortgage Trust

Large investors have recently modified their holdings of the company. 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 during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in shares of Blackstone Mortgage Trust by 1.7% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock worth $666,000 after buying an additional 624 shares during the period. CIBC Asset Management Inc grew its holdings 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 buying an additional 785 shares in the last quarter. IFP Advisors Inc increased 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 valued at $175,000 after acquiring an additional 841 shares during the period. Finally, Summit Investment Advisors Inc. raised its stake in Blackstone Mortgage Trust by 5.6% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

NYSE BXMT opened at $20.26 on Monday. The company has a market capitalization 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 moving average price is $18.38 and its two-hundred day moving average price is $18.46.

Blackstone Mortgage Trust (NYSE:BXMTGet Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. As a group, analysts anticipate that Blackstone Mortgage Trust will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Dividend Announcement

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

About Blackstone Mortgage Trust

(Get Free Report

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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Analyst Recommendations for Blackstone Mortgage Trust (NYSE:BXMT)

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