Blackstone Mortgage Trust (BXMT) to Release Earnings on Wednesday

Blackstone Mortgage Trust (NYSE:BXMT) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of ($0.87) per share and revenue of $110.62 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Blackstone Mortgage Trust Trading Down 0.6 %

Shares of NYSE BXMT opened at $18.61 on Tuesday. Blackstone Mortgage Trust has a 12-month low of $16.53 and a 12-month high of $20.73. The stock has a market cap of $3.22 billion, a P/E ratio of -13.38 and a beta of 1.50. The business’s fifty day simple moving average is $18.21 and its 200-day simple moving average is $18.34.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.10%. The ex-dividend date was Tuesday, December 31st. Blackstone Mortgage Trust’s payout ratio is presently -135.25%.

Wall Street Analyst Weigh In

BXMT has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Blackstone Mortgage Trust has a consensus rating of “Hold” and an average price target of $20.14.

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.