Blackstone Mortgage Trust, Inc. Announces Quarterly Dividend of $0.47 (NYSE:BXMT)

Key Points

• $0.47 quarterly dividend announced, with an ex-dividend/record date of March 31 and payment on April 15, implying about a 10.0% yield on current pricing.
• The REIT's payout ratio is 104.4%, and it has trimmed dividends slightly (about 0.1% annually over the past three years), indicating the dividend is not fully covered by earnings and relies on the balance sheet for support.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) announced a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.47 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Tuesday, March 31st.

Blackstone Mortgage Trust has decreased its dividend by an average of 0.1%annually over the last three years. Blackstone Mortgage Trust has a payout ratio of 104.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Blackstone Mortgage Trust Stock Performance

BXMT stock opened at $18.87 on Friday. The company's fifty day moving average price is $19.28 and its 200-day moving average price is $19.13. Blackstone Mortgage Trust has a one year low of $16.51 and a one year high of $20.67. The company has a market capitalization of $3.18 billion, a PE ratio of 29.03 and a beta of 1.06.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc NYSE: BXMT is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm's core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.

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