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

Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) declared a quarterly dividend on Friday, March 14th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.47 per share by the real estate investment trust on Tuesday, April 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date is Monday, March 31st.

Blackstone Mortgage Trust has decreased its dividend by an average of 0.2% per year over the last three years. Blackstone Mortgage Trust has a dividend payout ratio of 93.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble.

Blackstone Mortgage Trust Trading Up 0.4 %

Shares of BXMT stock traded up $0.09 during trading hours on Tuesday, reaching $20.94. 1,806,483 shares of the stock were exchanged, compared to its average volume of 1,744,393. Blackstone Mortgage Trust has a 12-month low of $16.53 and a 12-month high of $21.09. The company's 50-day moving average price is $19.15 and its 200-day moving average price is $18.79. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of -17.89 and a beta of 1.52.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. On average, sell-side analysts expect that Blackstone Mortgage Trust will post 1.65 EPS for the current year.

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Insider Activity at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,323 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $20.70, for a total value of $48,086.10. Following the sale, the chief executive officer now owns 248,487 shares of the company's stock, valued at $5,143,680.90. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.93% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BXMT shares. UBS Group boosted their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods upped their price objective on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "market perform" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Finally, Wolfe Research upgraded shares of Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.67.

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.