Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives $20.14 Consensus Price Target from Analysts

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) have received a consensus recommendation of "Hold" from the eight analysts that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.14.

BXMT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on Blackstone Mortgage Trust from $18.50 to $17.50 and set a "neutral" rating for the company in a research report on Tuesday. Wolfe Research raised 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. Finally, Keefe, Bruyette & Woods lowered their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a "market perform" rating for the company in a research report on Tuesday, January 14th.

Blackstone Mortgage Trust Price Performance

NYSE BXMT traded down $0.13 during midday trading on Thursday, hitting $17.60. 562,324 shares of the company traded hands, compared to its average volume of 1,790,399. The company has a market cap of $3.04 billion, a PE ratio of -12.67 and a beta of 1.50. The company's 50-day simple moving average is $18.34 and its 200-day simple moving average is $18.40. Blackstone Mortgage Trust has a 52 week low of $16.53 and a 52 week high of $21.50.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.68%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust's payout ratio is -135.25%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Artemis Investment Management LLP purchased a new stake in shares of Blackstone Mortgage Trust during the third quarter worth $24,103,000. Van ECK Associates Corp raised its holdings in shares of Blackstone Mortgage Trust by 4.9% in the third quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust's stock valued at $15,737,000 after buying an additional 38,436 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Blackstone Mortgage Trust in the second quarter valued at about $10,656,000. Rockefeller Capital Management L.P. raised its holdings in Blackstone Mortgage Trust by 1.4% during the third quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust's stock worth $11,319,000 after purchasing an additional 8,444 shares in the last quarter. Finally, GFS Advisors LLC raised its holdings in Blackstone Mortgage Trust by 9,068.6% during the third quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust's stock worth $8,715,000 after purchasing an additional 453,430 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors and hedge funds.

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.