Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives Average Rating of "Hold" from Analysts

Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) has been given a consensus recommendation of "Hold" by the seven analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $20.58.

Several analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a "market perform" rating in a report on Thursday, July 10th. UBS Group upped their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday. JPMorgan Chase & Co. dropped 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. Finally, JMP Securities reissued a "market perform" rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total transaction of $29,126.40. Following the transaction, the chief financial officer directly owned 64,082 shares in the company, valued at $1,230,374.40. This trade represents a 2.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Henry N. Nassau acquired 10,000 shares of Blackstone Mortgage Trust stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $18.90 per share, for a total transaction of $189,000.00. Following the completion of the acquisition, the director directly owned 182,946 shares in the company, valued at $3,457,679.40. This trade represents a 5.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 9,248 shares of company stock worth $177,028 in the last ninety days. 1.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. SVB Wealth LLC bought a new stake in Blackstone Mortgage Trust during the 1st quarter valued at $29,000. Jones Financial Companies Lllp raised its stake in shares of Blackstone Mortgage Trust by 45.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 536 shares during the last quarter. Rossby Financial LCC purchased a new position in shares of Blackstone Mortgage Trust during the 1st quarter valued at about $49,000. Huntington National Bank raised its stake in shares of Blackstone Mortgage Trust by 1,672.9% during the 4th quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 2,844 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of Blackstone Mortgage Trust during the 4th quarter valued at about $56,000. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT stock traded down $0.22 during mid-day trading on Thursday, hitting $19.50. The company's stock had a trading volume of 1,712,429 shares, compared to its average volume of 1,593,630. Blackstone Mortgage Trust has a 52-week low of $16.51 and a 52-week high of $21.24. The business has a 50-day moving average price of $19.34 and a 200 day moving average price of $19.13. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 13.41 and a beta of 1.10.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 9.64%. Blackstone Mortgage Trust's payout ratio is -408.70%.

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.