Blackstone Mortgage Trust, Inc. (NYSE: BXMT) Receives an Average “Buy” Recommendation from Analysts


Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Rating) received an average recommendation of “Buy” from the seven brokerages that currently cover the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The 12-month average price target among brokerages that have reported on the stock over the past year is $34.00.

Several analysts have recently released reports on BXMT shares. Zacks Investment Research downgraded Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a Tuesday, February 15 research note. StockNews.com began covering Blackstone Mortgage Trust in a research note on Thursday, March 31. They set a “holding” rating for the company.

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 1,173 shares of the company in a trade that took place on Tuesday, March 8. The stock was sold at an average price of $31.31, for a total value of $36,726.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, CEO Katharine A. Keenan sold 992 shares of the company in a trade that took place on Thursday, March 31. The shares were sold at an average price of $32.03, for a total value of $31,773.76. The disclosure of this sale can be found here. Insiders sold a total of 4,337 shares of the company valued at $136,712 over the past three months. 1.06% of the shares are held by insiders.

A number of institutional investors have been buying and selling shares of BXMT recently. Transcend Wealth Collective LLC acquired a new stock position in Blackstone Mortgage Trust in Q3 worth approximately $412,000. GFS Advisors LLC increased its holdings of Blackstone Mortgage Trust shares by 348.0% in Q4. GFS Advisors LLC now owns 375,200 shares of the real estate investment trust worth $11,489,000 after purchasing an additional 291,450 shares in the last quarter. Stonnington Group LLC acquired a new stock position in Blackstone Mortgage Trust in Q4 worth approximately $1,071,000. Claybrook Capital LLC acquired a new stock position in Blackstone Mortgage Trust in Q3 worth approximately $847,000. Finally, BCS Wealth Management increased its equity stake in Blackstone Mortgage Trust by 4.0% in the 4th quarter. BCS Wealth Management now owns 9,520 shares of the real estate investment trust worth $292,000 after buying 368 additional shares last quarter. 53.34% of the shares are held by hedge funds and other institutional investors.

NYSE BXMT traded down $0.21 on Monday, hitting $31.52. The stock had a trading volume of 962,241 shares, compared to an average volume of 1,505,768. The company has a 50-day moving average price of $31.55 and a 200-day moving average price of 31. $57. Blackstone Mortgage Trust has a 1-year minimum of $29.26 and a 1-year maximum of $34.04. The company has a market capitalization of $5.31 billion, a price-earnings ratio of 11.46 and a beta of 1.28.

Blackstone Mortgage Trust (NYSE:BXMT – Get Rating) last released its results on Wednesday, February 9. The real estate investment trust reported EPS of $0.78 for the quarter, beating consensus analyst estimates of $0.62 from $0.16. Blackstone Mortgage Trust posted a return on equity of 8.72% and a net margin of 55.31%. During the same period of the previous year, the company achieved EPS of $0.54. On average, research analysts expect Blackstone Mortgage Trust to post an EPS of 2.33 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 14. Investors of record on Thursday, March 31 will receive a dividend of $0.62 per share. The ex-dividend date is Wednesday, March 30. This represents an annualized dividend of $2.48 and a dividend yield of 7.87%. Blackstone Mortgage Trust’s dividend payout ratio is currently 90.18%.

About Blackstone Mortgage Trust (Get a rating)

Blackstone Mortgage Trust, Inc is a real estate finance company, which engages in the provision of senior loans secured by commercial real estate. Its investment objective is to preserve and protect shareholder capital while generating risk-adjusted returns primarily through dividends generated from current income from its loan portfolio.

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