Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.93.

Several brokerages have recently weighed in on BXMT. JPMorgan Chase & Co. cut 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 Thursday, April 25th. Keefe, Bruyette & Woods cut their price target on shares of Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating for the company in a report on Friday. Wells Fargo & Company reduced their price objective on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Bank of America lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and cut their target price for the company from $22.00 to $21.00 in a research note on Monday, March 4th. Finally, BTIG Research decreased their price target on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th.

Insider Activity at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,275 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the sale, the chief executive officer now owns 192,023 shares in the company, valued at $3,888,465.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Katharine A. Keenan sold 2,274 shares of Blackstone Mortgage Trust stock in a transaction 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 completion of the sale, the chief executive officer now owns 194,298 shares of the company’s stock, valued at $3,967,565.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the sale, the chief executive officer now owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,540 shares of company stock worth $112,642. 1.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blackstone Mortgage Trust

A number of large investors have recently bought and sold shares of the business. Strategic Advisors LLC boosted its stake in shares of Blackstone Mortgage Trust by 0.6% during the 4th quarter. Strategic Advisors LLC now owns 83,300 shares of the real estate investment trust’s stock worth $1,772,000 after acquiring an additional 500 shares in the last quarter. MBM Wealth Consultants LLC raised its position in shares of Blackstone Mortgage Trust by 5.2% in the third quarter. MBM Wealth Consultants LLC now owns 12,490 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 615 shares during the period. Arizona State Retirement System raised its position in shares of Blackstone Mortgage Trust by 1.4% in the third quarter. Arizona State Retirement System now owns 46,602 shares of the real estate investment trust’s stock valued at $1,014,000 after purchasing an additional 630 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Blackstone Mortgage Trust by 5.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 13,000 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 700 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 7.0% during the 4th quarter. Brown Advisory Inc. now owns 11,136 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 727 shares during the period. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Stock Performance

BXMT stock opened at $17.92 on Tuesday. The firm’s 50-day moving average is $19.43 and its two-hundred day moving average is $20.53. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 597.17 and a beta of 1.42. Blackstone Mortgage Trust has a 52 week low of $16.83 and a 52 week high of $23.82.

Blackstone Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 13.84%. Blackstone Mortgage Trust’s dividend payout ratio is currently 8,266.67%.

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.