Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives $20.14 Consensus Target Price from Analysts

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) has been given a consensus rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.14.

A number of analysts have recently issued reports on BXMT shares. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price objective on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th.

Hedge Funds Weigh In On Blackstone Mortgage Trust

Large investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in Blackstone Mortgage Trust in the third quarter worth about $39,000. McIlrath & Eck LLC bought a new position in Blackstone Mortgage Trust in the third quarter worth about $63,000. Future Financial Wealth Managment LLC bought a new position in Blackstone Mortgage Trust in the third quarter worth about $95,000. KBC Group NV raised its holdings in Blackstone Mortgage Trust by 39.3% in the fourth quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 2,145 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Blackstone Mortgage Trust in the fourth quarter worth about $172,000. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Trading Up 1.0 %

Shares of BXMT opened at $17.78 on Thursday. The firm has a market capitalization of $3.07 billion, a P/E ratio of -12.79 and a beta of 1.50. Blackstone Mortgage Trust has a 12-month low of $16.53 and a 12-month high of $21.50. The firm has a fifty day moving average price of $18.33 and a 200-day moving average price of $18.40.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 10.58%. Blackstone Mortgage Trust’s dividend payout ratio is presently -135.25%.

About Blackstone Mortgage Trust

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.