Blackstone Mortgage Trust (NYSE:BXMT) Issues Quarterly Earnings Results

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

Blackstone Mortgage Trust Price Performance

Shares of BXMT stock traded up $0.28 during trading hours on Wednesday, hitting $19.21. The company had a trading volume of 472,615 shares, compared to its average volume of 1,549,121. The stock has a market capitalization of $3.32 billion, a PE ratio of -13.83 and a beta of 1.50. The company’s fifty day moving average is $18.20 and its 200 day moving average is $18.35. Blackstone Mortgage Trust has a fifty-two week low of $16.53 and a fifty-two week high of $20.73.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is -135.25%.

Wall Street Analysts Forecast Growth

BXMT has been the subject of several recent analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.14.

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.