Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Free Report) announced a quarterly dividend on Friday, June 14th, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.62 per share by the real estate investment trust on Monday, July 15th. This represents a $2.48 annualized dividend and a dividend yield of 13.75%. The ex-dividend date is Friday, June 28th.
Blackstone Mortgage Trust has raised its dividend by an average of 6.4% per year over the last three years. Blackstone Mortgage Trust has a dividend payout ratio of 129.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Blackstone Mortgage Trust to earn $1.87 per share next year, which means the company may not be able to cover its $2.48 annual dividend with an expected future payout ratio of 132.6%.
Blackstone Mortgage Trust Trading Up 0.3 %
Shares of BXMT stock traded up $0.05 on Wednesday, hitting $18.03. The stock had a trading volume of 559,957 shares, compared to its average volume of 2,061,625. Blackstone Mortgage Trust has a twelve month low of $16.70 and a twelve month high of $23.82. The firm has a market cap of $3.13 billion, a P/E ratio of 599.00 and a beta of 1.47. The company has a fifty day moving average price of $17.81 and a two-hundred day moving average price of $19.47.
Analyst Ratings Changes
View Our Latest Analysis on Blackstone Mortgage Trust
Insider Activity at Blackstone Mortgage Trust
In other news, CEO Katharine A. Keenan sold 2,259 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $17.04, for a total transaction of $38,493.36. Following the completion of the transaction, the chief executive officer now directly owns 189,764 shares of the company’s stock, valued at approximately $3,233,578.56. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Katharine A. Keenan sold 4,508 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $17.53, for a total value of $79,025.24. Following the sale, the chief executive officer now directly owns 182,960 shares in the company, valued at $3,207,288.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Katharine A. Keenan sold 2,259 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $17.04, for a total value of $38,493.36. Following the completion of the transaction, the chief executive officer now directly owns 189,764 shares of the company’s stock, valued at $3,233,578.56. The disclosure for this sale can be found here. Insiders have sold a total of 11,057 shares of company stock worth $191,141 over the last quarter. Insiders own 0.93% of the company’s stock.
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.
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