Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $21.00.

Several analysts have commented on the stock. BTIG Research restated a “buy” rating and issued a $23.00 price objective on shares of Blackstone Mortgage Trust in a report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a research note on Monday, December 29th. Keefe, Bruyette & Woods raised Blackstone Mortgage Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $20.00 to $21.00 in a research note on Monday, November 17th. Finally, JPMorgan Chase & Co. increased their price objective on Blackstone Mortgage Trust from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT opened at $19.53 on Tuesday. Blackstone Mortgage Trust has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 31.50 and a beta of 1.07. The firm has a 50 day moving average price of $19.63 and a 200-day moving average price of $19.13.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 9.6%. Blackstone Mortgage Trust’s dividend payout ratio is presently 303.23%.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, President Fernando Austin Pena sold 3,131 shares of Blackstone Mortgage Trust stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $19.24, for a total value of $60,240.44. Following the completion of the transaction, the president directly owned 78,633 shares of the company’s stock, valued at approximately $1,512,898.92. The trade was a 3.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 5,049 shares of company stock valued at $98,716 over the last 90 days. Insiders own 1.02% of the company’s stock.

Institutional Trading of Blackstone Mortgage Trust

Institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC bought a new position in shares of Blackstone Mortgage Trust in the third quarter worth about $25,000. Jones Financial Companies Lllp increased its holdings in Blackstone Mortgage Trust by 45.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 536 shares in the last quarter. North Capital Inc. bought a new stake in Blackstone Mortgage Trust during the 3rd quarter worth approximately $37,000. ORG Partners LLC purchased a new position in Blackstone Mortgage Trust during the fourth quarter valued at approximately $41,000. Finally, Advisory Services Network LLC bought a new position in shares of Blackstone Mortgage Trust in the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.