Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $16.51 and last traded at $16.74, with a volume of 1128179 shares changing hands. The stock had previously closed at $17.17.
Analyst Ratings Changes
A number of analysts have issued reports on BXMT shares. UBS Group boosted their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a research report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Blackstone Mortgage Trust presently has an average rating of "Hold" and an average target price of $20.75.
Read Our Latest Analysis on BXMT
Blackstone Mortgage Trust Price Performance
The stock's 50 day moving average is $19.75 and its two-hundred day moving average is $18.84. The stock has a market capitalization of $3.11 billion, a PE ratio of -15.49 and a beta of 1.22.
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 EPS 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, equities analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.
Blackstone Mortgage Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 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 10.38%. The ex-dividend date is Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -160.68%.
Insider Transactions at Blackstone Mortgage Trust
In other news, CEO Katharine A. Keenan sold 2,315 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $20.70, for a total transaction of $47,920.50. Following the completion of the sale, the chief executive officer now owns 246,172 shares in the company, valued at approximately $5,095,760.40. The trade was a 0.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 5,652 shares of company stock valued at $116,971. 0.93% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its stake in Blackstone Mortgage Trust by 125.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 1,204 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Blackstone Mortgage Trust by 1,672.9% in the 4th quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 2,844 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Blackstone Mortgage Trust in the 4th quarter valued at about $56,000. McIlrath & Eck LLC purchased a new position in Blackstone Mortgage Trust during the 3rd quarter worth approximately $63,000. Finally, Sterling Capital Management LLC grew its stake in Blackstone Mortgage Trust by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust's stock worth $95,000 after buying an additional 4,873 shares during the last quarter. 64.15% of the stock is owned by hedge funds and other institutional investors.
About Blackstone Mortgage Trust
(
Get Free Report)
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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