Mortgage

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

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Blackstone Mortgage Trust, Inc. (NYSE: BXMT) received a consensus rating of “Buy” by the eight ratings firms currently covering the company, MarketBeat reports. Three analysts rated the stock with a hold rating and three analysts issued a buy recommendation for the company. The average 12-month price target among brokerages that issued stock ratings in the past year is $32.83.

A number of analysts recently released reports on BXMT stock. Zacks Investment Research raised Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 4th. Keefe and Bruyette & Woods upgraded the Blackstone Mortgage Trust from a “market performer” rating to an “outperform” rating and set a $34.00 price target for the company in a research report on Monday, November 29th.

In other news from the Blackstone Mortgage Trust, EVP Douglas N. Armer sold 849 shares of the company’s stock in a transaction on Monday, November 29th. The stock sold at an average price of $31.01 for a total of $2,6327.49 of transactions. The deal was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the Saudi Electricity Company’s website. Director Henry N. Nassau acquired 30,000 shares of stock in a transaction on Tuesday, November 2nd. The shares were purchased at an average price of $32.73 per share, for a total transaction of $981,900.00. The disclosure of this purchase can be found here. Over the past three months, insiders have sold 2,469 shares of company stock valued at $79,567. 1.06% of the shares are currently owned by insiders.

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A number of institutional investors have recently bought and sold shares of the company. BCS Wealth Management increased its stake in Blackstone Mortgage Trust by 4.0% during the fourth quarter. BCS Wealth Management now owns 9,520 shares of REIT stock valued at $292,000 after acquiring an additional 368 shares during the period. Lindbrook Capital LLC increased its stake in Blackstone Mortgage Trust by 17.8% during the fourth quarter. Lindbrook Capital LLC now owns 61,744 shares of REIT stock valued at $1,891,000 after acquiring an additional 9,311 shares during the period. RiverTree Advisors LLC raised its stake in Blackstone Mortgage Trust by 1.2% during the fourth quarter. RiverTree Advisors LLC now owns 79,932 shares of REIT stock valued at $2,448,000 after acquiring an additional 934 shares during the period. Spire Wealth Management increased its stake in Blackstone Mortgage Trust by 253.3% during the fourth quarter. Spire Wealth Management now owns 3,886 shares of REIT stock valued at $119,000 after acquiring an additional 2,786 shares during the period. Finally, MADDEN SECURITIES Corp increased its stake in Blackstone Mortgage Trust by 24.7% during the fourth quarter. MADDEN SECURITIES Corp now owns 196,028 shares of REIT stock valued at $6,002,000 after acquiring an additional 38,860 shares during the period. Hedge funds and other institutional investors own 51.49% of the company’s stock.

NYSE BXMT shares opened at $31.77 on Wednesday. The 50-day moving average is $31.39 and the 200-day moving average is $31.74. The Blackstone Mortgage Trust recorded a 52-week low of $26.38 and a 52-week high of $34.04. The stock has a market capitalization of $5.32 billion, a PE ratio of 12.41 and a beta of 1.36.

Blackstone Mortgage Trust NYSE: BXMT released its latest quarterly earnings results on Tuesday, October 26th. The REIT reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. Blackstone Mortgage Trust had a return on equity of 8.13% and a net margin of 54.64%. During the same quarter in the previous year, the company reported earnings of $0.57 per share. As a group, sell-side analysts have expected Blackstone Mortgage Trust to report earnings of 2.25 per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 14th. A dividend was issued to investors of record on Friday, December 31, at $0.62 per share. The dividend payout date was Thursday, December 30th. This represents a $2.48 annual dividend and a return of 7.81%. The Blackstone Mortgage Trust’s payout ratio is currently 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.

Further reading: Explaining the end of the quiet period

Analyst Recommendations for the Blackstone Mortgage Trust (NYSE: BXMT)

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