Blackstone Mortgage Trust (BXMT) Scheduled to Post Earnings on Wednesday

Blackstone Mortgage Trust (NYSE:BXMT) will release its earnings data before the market opens on Wednesday, April 24th. Analysts expect Blackstone Mortgage Trust to post earnings of $0.44 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Blackstone Mortgage Trust Stock Performance

BXMT stock opened at $18.86 on Tuesday. Blackstone Mortgage Trust has a one year low of $16.83 and a one year high of $23.82. The stock has a market capitalization of $3.28 billion, a P/E ratio of 13.38 and a beta of 1.42. The company has a 50 day moving average price of $19.56 and a two-hundred day moving average price of $20.65.

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.62 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 13.15%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 175.89%.

Insider Transactions at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the sale, the chief executive officer now owns 192,023 shares in the company, valued at approximately $3,888,465.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $20.25, for a total transaction of $46,068.75. Following the transaction, the chief executive officer now owns 192,023 shares of the company’s stock, valued at approximately $3,888,465.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Katharine A. Keenan sold 2,274 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $20.42, for a total transaction of $46,435.08. Following the transaction, the chief executive officer now directly owns 194,298 shares in the company, valued at approximately $3,967,565.16. The disclosure for this sale can be found here. Insiders sold a total of 5,540 shares of company stock worth $112,642 in the last quarter. 1.02% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on BXMT shares. Bank of America cut shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $22.00 to $21.00 in a research report on Monday, March 4th. JPMorgan Chase & Co. cut their target price on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. UBS Group cut their target price on shares of Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods reduced their price target on shares of Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. Finally, BTIG Research reduced their price target on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.83.

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.