Blackstone Mortgage Trust (NYSE:BXMT) Price Target Raised to $19.50

Blackstone Mortgage Trust (NYSE:BXMT) had its price target lifted by UBS Group from $18.50 to $19.50 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

BXMT has been the topic of several other reports. Keefe, Bruyette & Woods upped their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a research report on Thursday, February 13th. Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their price target on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Blackstone Mortgage Trust currently has an average rating of “Hold” and a consensus target price of $20.71.

Blackstone Mortgage Trust Stock Down 0.5 %

Shares of Blackstone Mortgage Trust stock opened at $20.45 on Tuesday. The stock’s fifty day moving average is $18.57 and its 200-day moving average is $18.57. The firm has a market capitalization of $3.51 billion, a PE ratio of -17.48 and a beta of 1.50. Blackstone Mortgage Trust has a 12-month low of $16.53 and a 12-month high of $21.09.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. Analysts expect that Blackstone Mortgage Trust will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 9.19%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -160.68%.

Institutional Trading of Blackstone Mortgage Trust

Large investors have recently made changes to their positions in the stock. Intech Investment Management LLC bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter worth about $821,000. Tidal Investments LLC bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter worth about $883,000. Stifel Financial Corp boosted its stake in Blackstone Mortgage Trust by 15.4% during the 3rd quarter. Stifel Financial Corp now owns 70,381 shares of the real estate investment trust’s stock valued at $1,338,000 after purchasing an additional 9,405 shares during the period. Natixis Advisors LLC bought a new stake in Blackstone Mortgage Trust during the 3rd quarter valued at approximately $211,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in Blackstone Mortgage Trust during the 3rd quarter valued at approximately $715,000. Institutional investors own 64.15% of the company’s stock.

About Blackstone Mortgage Trust

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.