The Blackstone Mortgage Trust, Inc. (NYSE: BXMT) received a consensus rating of “Buy” by eight analysts who cover the company’s business, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The average one-year target price among brokerages that issued stock ratings in the past year is $33.00.
Several research firms have influenced BXMT. BTIG Research has reclassified a “buy” rating and issued a $35.00 price target on shares of Blackstone Mortgage Trust in a research note on Friday, September 10th. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Tuesday, October 5th. Finally, Keefe and Bruyette & Woods upgraded shares of Blackstone Mortgage Trust from a “market performer” rating to a rating of “outstanding” and set a $34.00 target price for the company in a research note on Monday, November 29th.
In related news, CEO Catherine A. Kennan 1,906 shares of stock in a transaction dated Thursday, September 30th. The shares sold for an average price of $30.61, with a total value of $58342.66. The transaction was disclosed on file with the Securities and Exchange Commission, which is available through this hyperlink. Director Henry N. Nassau 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 2nd. The stock was purchased at an average cost of $32.73 per share, for a total value of $981,900. The disclosure of this purchase can be found here. Over the past 90 days, insiders have sold 4,375 shares of the company’s stock valued at $137,910 USD. Insiders own 1.06% of the company’s shares.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mariner LLC grew its holdings in Blackstone Mortgage Trust by 2.0% in the second quarter. Mariner LLC now owns 16,532 shares of REIT stock valued at $527,000 after purchasing an additional 321 shares during the period. Parkside Financial Bank & Trust grew its holdings in Blackstone Mortgage Trust by 25.2% in the second quarter. Parkside Financial Bank & Trust now owns 2,001 shares of REIT stock valued at $64,000 after purchasing an additional 403 shares during the period. Edge Wealth Management LLC grew its stake in Blackstone Mortgage Trust by 79.2% during the 3rd quarter. Edge Wealth Management LLC now owns 941 shares of REIT stock valued at $29,000 after purchasing an additional 416 shares during the last quarter. Voya Investment Management LLC grew its holdings of shares of Blackstone Mortgage Trust by 0.8% during the third quarter. Voya Investment Management LLC now owns 57,453 shares of REIT stock valued at $1,742,000 after purchasing an additional 473 shares during the last quarter. Finally, Ohio Public Employees Retirement System increased its holdings in Blackstone Mortgage Trust shares by 12.0% during the second quarter. Ohio Public Employees Retirement System now owns 4,730 shares of REIT stock valued at $151,000 after purchasing an additional 505 shares during the last quarter. Institutional investors and hedge funds own 59.68% of the company’s stock.
BXMT stock opened at $31.46 on Friday. The company’s 50-day moving average is $31.87 and its 200-day moving average is $31.92. The stock has a market capitalization of $5.27 billion, a price-earnings ratio of 12.29 and a beta of 1.36. The Blackstone Mortgage Trust has a one-year low of $25.82 and a one-year high of $34.04.
Blackstone Mortgage Trust (NYSE: BXMT) published its latest quarterly earnings data on Tuesday, October 26th. The REIT reported earnings of $0.63 per share for the quarter, topping Thomson Reuters’ estimate of $0.62 by $0.01. Blackstone Mortgage Trust posted a net profit margin of 54.64% and a return on equity of 8.13%. During the same period in the previous year, the company earned $0.57 EPS. Equity analysts expect Blackstone Mortgage Trust to post a return of 2.25 per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 14th. Shareholders of record on Friday, December 31st will receive a dividend of $0.62 per share. This represents an annual dividend of $2.48 and a dividend yield of 7.88%. The due date is Thursday, December 30th. The Blackstone Mortgage Trust (DPR) has a dividend yield ratio of 96.88%.
Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc. is a real estate finance company engaged in creating large loans against commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio.
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