Blackstone Mortgage Trust, Inc. (BXMT) To Go Ex-Dividend on September 30th

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) declared a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.47 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

Blackstone Mortgage Trust has decreased its dividend payment by an average of 0.1%annually over the last three years. Blackstone Mortgage Trust has a payout ratio of 104.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Blackstone Mortgage Trust to earn $1.22 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 154.1%.

Blackstone Mortgage Trust Price Performance

Shares of NYSE BXMT opened at $13.29 on Thursday. The company has a 50-day moving average price of $14.90 and a 200-day moving average price of $17.33. The stock has a market capitalization of $2.24 billion, a P/E ratio of 147.72, a P/E/G ratio of 0.31 and a beta of 0.90. Blackstone Mortgage Trust has a 1 year low of $13.10 and a 1 year high of $20.67.

Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.10). The company had revenue of $158.06 million for the quarter, compared to analyst estimates of $157.32 million. Blackstone Mortgage Trust had a net margin of 1.57% and a return on equity of 7.72%. As a group, equities research analysts anticipate that Blackstone Mortgage Trust will post 0.9 earnings per share for the current fiscal year.

Insider Activity

In other Blackstone Mortgage Trust news, Director Henry Nassau purchased 10,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $14.34 per share, with a total value of $143,400.00. Following the acquisition, the director directly owned 218,523 shares in the company, valued at approximately $3,133,619.82. The trade was a 4.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Fernando Pena sold 2,398 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $17.48, for a total transaction of $41,917.04. Following the completion of the transaction, the president directly owned 74,569 shares of the company’s stock, valued at approximately $1,303,466.12. This represents a 3.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Blackstone Mortgage Trust

A number of large investors have recently added to or reduced their stakes in BXMT. Norges Bank purchased a new position in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $38,239,000. Bank of New York Mellon Corp bought a new position in Blackstone Mortgage Trust in the second quarter worth $18,109,000. Independent Financial Group LLC bought a new stake in shares of Blackstone Mortgage Trust during the 1st quarter valued at $4,845,000. Bank of America Corp DE grew its position in shares of Blackstone Mortgage Trust by 21.9% in the 1st quarter. Bank of America Corp DE now owns 1,297,062 shares of the real estate investment trust’s stock worth $24,839,000 after buying an additional 233,357 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Blackstone Mortgage Trust by 758.3% in the 1st quarter. First Trust Advisors LP now owns 185,148 shares of the real estate investment trust’s stock worth $3,546,000 after buying an additional 163,577 shares during the period. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc is a real estate investment trust (REIT) that originates and holds senior mortgage loans secured by commercial real estate. Its lending activities primarily focus on transitional and institutional-quality properties, including office, multifamily, hotel, industrial, retail and other commercial assets.

The company’s portfolio is concentrated in major real estate markets in the United States, Europe and Australia. Its loans are generally floating-rate and are designed to provide financing for acquisitions, refinancings, renovations, development and other commercial real estate activities.

Blackstone Mortgage Trust is externally managed by BXMT Advisors LLC, an affiliate of Blackstone.