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

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have received an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.07.

BXMT has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an “overweight” rating in a research report 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 objective for the company in a report on Wednesday, December 11th.

Blackstone Mortgage Trust Stock Up 1.5 %

Shares of NYSE BXMT opened at $18.04 on Friday. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -12.98 and a beta of 1.50. Blackstone Mortgage Trust has a 52 week low of $16.53 and a 52 week high of $22.04. The firm has a 50-day moving average price of $18.51 and a 200 day moving average price of $18.38.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date of this dividend is Tuesday, December 31st. Blackstone Mortgage Trust’s payout ratio is currently -135.25%.

Hedge Funds Weigh In On Blackstone Mortgage Trust

Several hedge funds have recently bought and sold shares of BXMT. True North Advisors LLC boosted its stake in shares of Blackstone Mortgage Trust by 2.7% during the third quarter. True North Advisors LLC now owns 23,435 shares of the real estate investment trust’s stock valued at $446,000 after acquiring an additional 619 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Blackstone Mortgage Trust by 2.5% during the 2nd quarter. AQR Capital Management LLC now owns 44,940 shares of the real estate investment trust’s stock worth $783,000 after purchasing an additional 1,111 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Blackstone Mortgage Trust by 2.7% during the second quarter. Arizona State Retirement System now owns 46,190 shares of the real estate investment trust’s stock worth $805,000 after buying an additional 1,206 shares in the last quarter. Glassy Mountain Advisors Inc. raised its position in shares of Blackstone Mortgage Trust by 2.6% in the third quarter. Glassy Mountain Advisors Inc. now owns 61,445 shares of the real estate investment trust’s stock valued at $1,168,000 after buying an additional 1,534 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Blackstone Mortgage Trust by 11.4% during the third quarter. FMR LLC now owns 17,812 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 1,827 shares during the period. Hedge funds and other institutional investors own 64.15% of the company’s stock.

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.