Blackstone Mortgage Trust (NYSE:BXMT) Given New $19.50 Price Target at Keefe, Bruyette & Woods

Blackstone Mortgage Trust (NYSE:BXMT - Free Report) had its target price hoisted by Keefe, Bruyette & Woods from $18.50 to $19.50 in a research report report published on Thursday morning,Benzinga reports. They currently have a market perform rating on the real estate investment trust's stock.

A number of other brokerages also recently issued reports on BXMT. JPMorgan Chase & Co. decreased their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Wolfe Research raised 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $20.29.

Blackstone Mortgage Trust Stock Up 2.4 %

Shares of Blackstone Mortgage Trust stock traded up $0.47 on Thursday, reaching $20.34. 3,296,475 shares of the stock were exchanged, compared to its average volume of 1,445,799. Blackstone Mortgage Trust has a twelve month low of $16.53 and a twelve month high of $20.73. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of -14.64 and a beta of 1.50. The business has a 50 day moving average price of $18.27 and a two-hundred day moving average price of $18.39.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 9.35% and a negative net margin of 12.91%. Research analysts forecast that Blackstone Mortgage Trust will post 1.95 EPS for the current year.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 9.24%. The ex-dividend date was Tuesday, December 31st. Blackstone Mortgage Trust's payout ratio is -135.25%.

Institutional Trading of Blackstone Mortgage Trust

Large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Blackstone Mortgage Trust during the third quarter worth approximately $39,000. Smartleaf Asset Management LLC increased its position in shares of Blackstone Mortgage Trust by 125.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 1,204 shares in the last quarter. Huntington National Bank increased its position in shares of Blackstone Mortgage Trust by 1,672.9% during the fourth quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 2,844 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in Blackstone Mortgage Trust in the 4th quarter valued at $56,000. Finally, McIlrath & Eck LLC purchased a new stake in Blackstone Mortgage Trust in the 3rd quarter valued at $63,000. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

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.