Blackstone Mortgage Trust, Inc. (BXMT) to Distribute Quarterly Dividend of $0.47 on April 15th

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) announced a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.47 per share by the real estate investment trust on Tuesday, April 15th. This represents a $1.88 dividend on an annualized basis and a yield of 9.12%.

Blackstone Mortgage Trust has decreased its dividend payment by an average of 0.2% per year over the last three years. Blackstone Mortgage Trust has a dividend payout ratio of 93.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Blackstone Mortgage Trust Trading Up 2.6 %

BXMT stock opened at $20.61 on Friday. Blackstone Mortgage Trust has a one year low of $16.53 and a one year high of $21.09. The firm has a market capitalization of $3.54 billion, a PE ratio of -17.61 and a beta of 1.52. The firm has a 50-day moving average of $19.09 and a two-hundred day moving average of $18.77.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. On average, equities research analysts anticipate that Blackstone Mortgage Trust will post 1.65 earnings per share for the current year.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,323 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $20.70, for a total transaction of $48,086.10. Following the completion of the sale, the chief executive officer now owns 248,487 shares of the company’s stock, valued at $5,143,680.90. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 3,345 shares of company stock worth $68,265. Insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BXMT. Keefe, Bruyette & Woods upped their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. UBS Group upped their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Finally, Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.67.

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.