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

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $19.50.

BXMT has been the subject of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Blackstone Mortgage Trust in a research report on Saturday, September 27th. UBS Group raised their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods decreased their price objective on Blackstone Mortgage Trust from $20.00 to $19.50 and set a “market perform” rating for the company in a research report on Thursday, July 31st.

Blackstone Mortgage Trust Stock Down 0.9%

NYSE:BXMT opened at $18.37 on Friday. Blackstone Mortgage Trust has a 1-year low of $16.51 and a 1-year high of $21.24. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of -262.36 and a beta of 1.15. The stock has a fifty day simple moving average of $19.10 and a 200 day simple moving average of $19.14.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 10.2%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -2,685.71%.

Insider Activity

In other news, CEO Katharine A. Keenan sold 4,593 shares of Blackstone Mortgage Trust stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $19.49, for a total transaction of $89,517.57. Following the completion of the sale, the chief executive officer directly owned 230,006 shares in the company, valued at $4,482,816.94. The trade was a 1.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 8,818 shares of company stock worth $171,190. 1.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Institutional investors have recently made changes to their positions in the company. SVB Wealth LLC acquired a new stake in shares of Blackstone Mortgage Trust during the 1st quarter valued at about $29,000. Jones Financial Companies Lllp lifted its holdings in shares of Blackstone Mortgage Trust by 45.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 536 shares during the last quarter. Rossby Financial LCC acquired a new stake in shares of Blackstone Mortgage Trust during the 1st quarter valued at about $49,000. FNY Investment Advisers LLC lifted its holdings in shares of Blackstone Mortgage Trust by 420.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 2,600 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 2,100 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Blackstone Mortgage Trust by 36.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,926 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 775 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors and hedge funds.

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.