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

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) have earned a consensus rating of "Hold" from the six brokerages that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $20.00.

Several equities analysts have commented on BXMT shares. UBS Group increased their target price on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. JMP Securities reiterated a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. JPMorgan Chase & Co. dropped their target price on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods dropped their target price on Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating for the company in a research report on Thursday, July 31st.

Insider Transactions at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 6,931 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $19.13, for a total transaction of $132,590.03. Following the completion of the transaction, the chief executive officer directly owned 236,914 shares in the company, valued at $4,532,164.82. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 64,082 shares of the company's stock, valued at $1,230,374.40. This represents a 2.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,248 shares of company stock valued at $177,028 over the last 90 days. 1.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Several large investors have recently added to or reduced their stakes in the business. Blackstone Inc. grew its stake in Blackstone Mortgage Trust by 8.2% during the fourth quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust's stock worth $149,752,000 after purchasing an additional 652,537 shares during the period. Balyasny Asset Management L.P. grew its stake in Blackstone Mortgage Trust by 39.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust's stock worth $49,315,000 after purchasing an additional 801,083 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Blackstone Mortgage Trust by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,598,933 shares of the real estate investment trust's stock worth $51,979,000 after purchasing an additional 63,953 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Blackstone Mortgage Trust in the second quarter valued at approximately $35,101,000. Finally, Norges Bank acquired a new stake in Blackstone Mortgage Trust in the second quarter valued at approximately $34,608,000. Institutional investors and hedge funds own 64.15% of the company's stock.

Blackstone Mortgage Trust Stock Down 1.7%

Blackstone Mortgage Trust stock traded down $0.33 during trading hours on Monday, hitting $19.03. The stock had a trading volume of 379,718 shares, compared to its average volume of 1,477,597. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of -271.64 and a beta of 1.12. Blackstone Mortgage Trust has a one year low of $16.51 and a one year high of $21.24. The business's 50 day simple moving average is $19.35 and its 200-day simple moving average is $19.30.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date was Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -2,685.71%.

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.