Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Declares $0.47 Quarterly Dividend

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) announced a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.47 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Tuesday, June 30th.

Blackstone Mortgage Trust has decreased its dividend payment by an average of 0.1%per year over the last three years. Blackstone Mortgage Trust has a payout ratio of 104.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Blackstone Mortgage Trust to earn $1.76 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 106.8%.

Blackstone Mortgage Trust Stock Down 1.4%

Shares of NYSE:BXMT opened at $18.10 on Tuesday. Blackstone Mortgage Trust has a 12 month low of $17.67 and a 12 month high of $20.67. The company’s 50-day moving average price is $18.84 and its two-hundred day moving average price is $19.23. The firm has a market cap of $3.05 billion, a P/E ratio of 29.67 and a beta of 0.89.

Insider Activity at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, President Fernando Austin Pena sold 1,666 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $18.88, for a total transaction of $31,454.08. Following the completion of the sale, the president owned 76,967 shares in the company, valued at approximately $1,453,136.96. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

Institutional Trading of Blackstone Mortgage Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in Blackstone Mortgage Trust by 36.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 578,444 shares of the real estate investment trust’s stock worth $10,649,000 after buying an additional 155,421 shares during the period. Bright Futures Wealth Management LLC. acquired a new stake in Blackstone Mortgage Trust during the 3rd quarter worth approximately $2,991,000. Bamco Inc. NY raised its holdings in Blackstone Mortgage Trust by 6.4% during the 3rd quarter. Bamco Inc. NY now owns 1,696,314 shares of the real estate investment trust’s stock worth $31,229,000 after buying an additional 101,701 shares during the period. SG Americas Securities LLC raised its holdings in Blackstone Mortgage Trust by 2,836.1% during the 4th quarter. SG Americas Securities LLC now owns 214,626 shares of the real estate investment trust’s stock worth $4,106,000 after buying an additional 207,316 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Blackstone Mortgage Trust by 9.0% during the 3rd quarter. Van ECK Associates Corp now owns 865,464 shares of the real estate investment trust’s stock worth $15,933,000 after buying an additional 71,584 shares during the period. Institutional investors own 64.15% of the company’s stock.

About Blackstone Mortgage Trust

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.