Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives $20.14 Average Price Target from Analysts

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have received a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $20.14.

Several brokerages have issued reports on BXMT. Keefe, Bruyette & Woods cut 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 research note on Tuesday, January 14th. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st.

Hedge Funds Weigh In On Blackstone Mortgage Trust

Hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new stake in Blackstone Mortgage Trust during the third quarter valued at about $39,000. McIlrath & Eck LLC bought a new stake in Blackstone Mortgage Trust during the third quarter valued at about $63,000. Future Financial Wealth Managment LLC bought a new stake in Blackstone Mortgage Trust during the third quarter valued at about $95,000. KBC Group NV boosted its holdings in Blackstone Mortgage Trust by 39.3% during the fourth quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 2,145 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in Blackstone Mortgage Trust during the fourth quarter valued at about $172,000. 64.15% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Stock Down 1.1 %

Shares of NYSE:BXMT opened at $17.74 on Thursday. The company’s fifty day moving average is $18.32 and its two-hundred day moving average is $18.39. Blackstone Mortgage Trust has a 12-month low of $16.53 and a 12-month high of $21.42. The company has a market cap of $3.07 billion, a P/E ratio of -12.76 and a beta of 1.50.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.60%. The ex-dividend date was Tuesday, December 31st. Blackstone Mortgage Trust’s payout ratio is -135.25%.

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.