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

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $20.50.

A number of research firms have weighed in on BXMT. Keefe, Bruyette & Woods decreased their price target on Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Finally, UBS Group reaffirmed a "neutral" rating and issued a $19.50 target price (up from $19.00) on shares of Blackstone Mortgage Trust in a research report on Wednesday, May 21st.

Insider Buying and Selling

In other news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total value of $29,126.40. Following the completion of the transaction, the chief financial officer now owns 64,082 shares of the company's stock, valued at approximately $1,230,374.40. This represents a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Katharine A. Keenan sold 6,931 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $19.13, for a total value of $132,590.03. Following the transaction, the chief executive officer now directly owns 236,914 shares of the company's stock, valued at $4,532,164.82. This represents a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,248 shares of company stock worth $177,028 in the last three months. 1.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BXMT. SVB Wealth LLC bought a new position in Blackstone Mortgage Trust during the first quarter valued at about $29,000. Jones Financial Companies Lllp boosted its stake in Blackstone Mortgage Trust by 45.5% during the first 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 in the last quarter. Smartleaf Asset Management LLC boosted its stake in Blackstone Mortgage Trust by 125.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 1,204 shares in the last quarter. Rossby Financial LCC bought a new position in Blackstone Mortgage Trust during the first quarter valued at about $49,000. Finally, Huntington National Bank lifted its holdings in shares of Blackstone Mortgage Trust by 1,672.9% during the fourth quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 2,844 shares during the last quarter. Institutional investors own 64.15% of the company's stock.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT traded down $0.04 during trading on Friday, reaching $19.28. 3,836,124 shares of the stock were exchanged, compared to its average volume of 1,657,736. Blackstone Mortgage Trust has a 12-month low of $16.51 and a 12-month high of $21.24. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of -41.91 and a beta of 1.11. The firm's 50-day moving average price is $18.96 and its 200 day moving average price is $18.98.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 9.75%. Blackstone Mortgage Trust's payout ratio is currently -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.