Blackstone Mortgage Trust (BXMT) to Release Earnings on Wednesday

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect Blackstone Mortgage Trust to post earnings of $0.29 per share and revenue of $104.69 million for the quarter.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, topping analysts' consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%.

Blackstone Mortgage Trust Trading Up 1.7 %

BXMT stock traded up $0.31 during mid-day trading on Monday, hitting $19.03. The stock had a trading volume of 1,007,885 shares, compared to its average volume of 1,760,779. Blackstone Mortgage Trust has a 52 week low of $16.51 and a 52 week high of $21.24. The firm has a market capitalization of $3.27 billion, a P/E ratio of -16.26 and a beta of 1.22. The firm has a fifty day simple moving average of $19.53 and a 200 day simple moving average of $18.86.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.88%. Blackstone Mortgage Trust's payout ratio is currently -160.68%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BXMT shares. Keefe, Bruyette & Woods cut their target price on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research report on Monday, April 7th. UBS Group reduced their target price on Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $20.25.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 2,315 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $20.70, for a total value of $47,920.50. Following the completion of the transaction, the chief executive officer now directly owns 246,172 shares in the company, valued at approximately $5,095,760.40. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 5,652 shares of company stock valued at $116,971. 0.93% of the stock is owned by company insiders.

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.