According to Zacks, “Blackstone Mortgage Trust, Inc. is a real estate investment trust. It operates as a real estate finance and investment management company. The company’s investment programs focuses on loans and securities backed by commercial real estate assets. Blackstone Mortgage Trust, Inc. formerly known as Capital Trust, Inc.is headquartered in New York. “
BXMT has been the subject of several other reports. Keefe, Bruyette & Woods boosted their price objective on Blackstone Mortgage Trust from $29.00 to $31.00 and gave the stock a market perform rating in a report on Thursday, July 28th. FBR & Co upped their price target on Blackstone Mortgage Trust from $29.00 to $32.00 and gave the company an outperform rating in a research note on Wednesday, July 27th. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $33.00 price target on shares of Blackstone Mortgage Trust in a research note on Thursday, July 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $30.50.
Shares of Blackstone Mortgage Trust (NYSE:BXMT) opened at 29.45 on Tuesday. The firm has a 50-day moving average of $29.41 and a 200-day moving average of $28.15. The firm has a market capitalization of $2.77 billion, a PE ratio of 10.96 and a beta of 1.03. Blackstone Mortgage Trust has a 1-year low of $22.13 and a 1-year high of $30.46.
Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The firm earned $81.40 million during the quarter, compared to analysts’ expectations of $78.34 million. Blackstone Mortgage Trust had a return on equity of 9.44% and a net margin of 59.73%. The company’s quarterly revenue was up 63.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS. On average, equities research analysts anticipate that Blackstone Mortgage Trust will post $2.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.48 dividend on an annualized basis and a yield of 8.42%. Blackstone Mortgage Trust’s payout ratio is 91.85%.
A number of hedge funds have recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new stake in Blackstone Mortgage Trust during the second quarter worth about $144,000. Legal & General Group Plc boosted its stake in Blackstone Mortgage Trust by 25.3% in the first quarter. Legal & General Group Plc now owns 6,736 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 1,359 shares during the last quarter. IFP Advisors Inc boosted its stake in Blackstone Mortgage Trust by 188.1% in the second quarter. IFP Advisors Inc now owns 6,532 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 4,265 shares during the last quarter. MAI Capital Management acquired a new stake in Blackstone Mortgage Trust during the second quarter worth about $208,000. Finally, BlackRock Japan Co. Ltd boosted its stake in Blackstone Mortgage Trust by 1,024.6% in the first quarter. BlackRock Japan Co. Ltd now owns 7,782 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 7,090 shares during the last quarter. 74.64% of the stock is owned by institutional investors and hedge funds.
Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc is a holding company, which conducts its operations as a real estate investment trust. The Company is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. Its business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, residential, retail, industrial and healthcare sectors in North America and Europe.
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