Blackstone Mortgage Trust (NYSE:BXMT) Earns Peer Perform Rating from Analysts at Wolfe Research

Wolfe Research began coverage on shares of Blackstone Mortgage Trust (NYSE:BXMTFree Report) in a research report released on Tuesday, Marketbeat reports. The brokerage issued a peer perform rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on BXMT. JPMorgan Chase & Co. lowered their target price on Blackstone Mortgage Trust from $18.50 to $17.50 and set a neutral rating for the company in a research note on Thursday, April 25th. UBS Group lowered their target price on Blackstone Mortgage Trust from $21.00 to $19.00 and set a neutral rating for the company in a research note on Thursday, April 25th. Bank of America downgraded Blackstone Mortgage Trust from a buy rating to a neutral rating and lowered their target price for the company from $22.00 to $21.00 in a research note on Monday, March 4th. Wells Fargo & Company lowered their target price on Blackstone Mortgage Trust from $22.00 to $20.00 and set an overweight rating for the company in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods restated a market perform rating and set a $18.00 target price on shares of Blackstone Mortgage Trust in a research note on Tuesday, June 18th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust has an average rating of Hold and an average target price of $19.93.

Check Out Our Latest Stock Analysis on Blackstone Mortgage Trust

Blackstone Mortgage Trust Price Performance

NYSE:BXMT opened at $17.90 on Tuesday. The business’s 50-day moving average is $17.80 and its two-hundred day moving average is $19.45. Blackstone Mortgage Trust has a 12 month low of $16.70 and a 12 month high of $23.82. The firm has a market capitalization of $3.11 billion, a PE ratio of 596.67 and a beta of 1.47.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.62 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.48 dividend on an annualized basis and a yield of 13.85%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 8,266.67%.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 4,508 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $17.53, for a total value of $79,025.24. Following the completion of the transaction, the chief executive officer now directly owns 182,960 shares in the company, valued at $3,207,288.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,296 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $17.04, for a total value of $39,123.84. Following the completion of the transaction, the chief executive officer now directly owns 187,468 shares in the company, valued at $3,194,454.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 4,508 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $17.53, for a total value of $79,025.24. Following the completion of the transaction, the chief executive officer now owns 182,960 shares of the company’s stock, valued at $3,207,288.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,057 shares of company stock worth $191,141. Corporate insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Hedge funds have recently made changes to their positions in the business. Central Bank & Trust Co. bought a new stake in shares of Blackstone Mortgage Trust during the fourth quarter valued at approximately $25,000. Cape Investment Advisory Inc. bought a new stake in shares of Blackstone Mortgage Trust during the fourth quarter valued at approximately $42,000. GAMMA Investing LLC bought a new stake in shares of Blackstone Mortgage Trust during the fourth quarter valued at approximately $45,000. Creekmur Asset Management LLC bought a new stake in shares of Blackstone Mortgage Trust during the fourth quarter valued at approximately $51,000. Finally, Sandy Spring Bank raised its holdings in Blackstone Mortgage Trust by 10,652.0% during the fourth quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 2,663 shares in the last quarter. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Company Profile

(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.

See Also

Analyst Recommendations for Blackstone Mortgage Trust (NYSE:BXMT)

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