Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives Average Rating of “Hold” from Brokerages

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have been assigned an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $21.1250.

Several equities analysts recently commented on BXMT shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a research note on Monday, December 29th. Keefe, Bruyette & Woods increased their price target on Blackstone Mortgage Trust from $21.00 to $21.50 and gave the company an “outperform” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. upped their target price on Blackstone Mortgage Trust from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, BTIG Research reiterated a “buy” rating and issued a $23.00 target price on shares of Blackstone Mortgage Trust in a research report on Tuesday, February 10th.

Insider Activity at Blackstone Mortgage Trust

In related news, President Fernando Austin Pena sold 3,131 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $19.24, for a total value of $60,240.44. Following the completion of the sale, the president directly owned 78,633 shares in the company, valued at $1,512,898.92. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 5,049 shares of company stock worth $98,716 in the last quarter. 1.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Several institutional investors and hedge funds have recently made changes to their positions in BXMT. Baker Avenue Asset Management LP purchased a new stake in Blackstone Mortgage Trust in the 2nd quarter valued at $1,588,000. Crewe Advisors LLC bought a new position in shares of Blackstone Mortgage Trust during the second quarter valued at about $1,080,000. Advisors Capital Management LLC boosted its holdings in Blackstone Mortgage Trust by 4.4% during the second quarter. Advisors Capital Management LLC now owns 1,078,886 shares of the real estate investment trust’s stock worth $20,769,000 after purchasing an additional 45,871 shares during the last quarter. Ellis Investment Partners LLC grew its position in Blackstone Mortgage Trust by 3.8% in the 2nd quarter. Ellis Investment Partners LLC now owns 177,792 shares of the real estate investment trust’s stock worth $3,422,000 after purchasing an additional 6,538 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Blackstone Mortgage Trust in the 2nd quarter worth about $844,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT stock opened at $19.54 on Tuesday. Blackstone Mortgage Trust has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The stock’s fifty day moving average price is $19.63 and its two-hundred day moving average price is $19.15. The company has a market cap of $3.30 billion, a PE ratio of 30.05 and a beta of 1.07.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.6%. The ex-dividend date was Wednesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio is 289.23%.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.