Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Given Average Recommendation of "Hold" by Brokerages

Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) has been given an average recommendation of "Hold" by the eight brokerages that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $20.07.

BXMT has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, September 20th. Wolfe Research raised 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 report on Wednesday, December 11th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. purchased a new stake in Blackstone Mortgage Trust during the third quarter worth approximately $39,000. McIlrath & Eck LLC purchased a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter worth approximately $63,000. Wellington Shields & Co. LLC lifted its position in shares of Blackstone Mortgage Trust by 98.0% during the 2nd quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust's stock worth $79,000 after buying an additional 2,255 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Blackstone Mortgage Trust in the 2nd quarter valued at $87,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Blackstone Mortgage Trust in the 3rd quarter valued at $95,000. Hedge funds and other institutional investors own 64.15% of the company's stock.

Blackstone Mortgage Trust Stock Down 1.2 %

Blackstone Mortgage Trust stock traded down $0.21 during mid-day trading on Friday, reaching $17.91. 1,728,323 shares of the company's stock were exchanged, compared to its average volume of 1,884,653. The company has a fifty day moving average of $18.62 and a 200-day moving average of $18.39. The company has a market cap of $3.10 billion, a P/E ratio of -12.88 and a beta of 1.50. Blackstone Mortgage Trust has a twelve month low of $16.53 and a twelve month high of $22.16.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.50%. The ex-dividend date of this dividend is Tuesday, December 31st. Blackstone Mortgage Trust's dividend payout ratio (DPR) 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.