Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) will likely be releasing its earnings data before the market opens on Wednesday, February 12th. Analysts expect Blackstone Mortgage Trust to post earnings of ($0.87) per share and revenue of $110.62 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
Blackstone Mortgage Trust Trading Down 1.1 %
Shares of NYSE BXMT traded down $0.22 during midday trading on Friday, reaching $18.69. The company's stock had a trading volume of 1,096,820 shares, compared to its average volume of 1,445,799. Blackstone Mortgage Trust has a fifty-two week low of $16.53 and a fifty-two week high of $20.73. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of -13.44 and a beta of 1.50. The stock has a 50 day simple moving average of $18.21 and a 200-day simple moving average of $18.34.
Blackstone Mortgage Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.06%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -135.25%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Wolfe Research raised shares of Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 target price for the company in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their target price on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a "market perform" rating for the company in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $20.14.
Check Out Our Latest Research Report on Blackstone Mortgage Trust
About Blackstone Mortgage Trust
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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.
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