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

Key Points

• Blackstone Mortgage Trust declared a quarterly dividend of $0.47 per share, payable October 15 to shareholders of record on September 30. The annualized dividend is $1.88 per share, representing a 14.2% yield.
• The dividend appears financially strained: BXMT’s payout ratio is 104.4%, and analysts project a 154.1% payout ratio next year based on expected earnings of $1.22 per share.
• Shares opened at $13.27, near their 52-week low of $13.10, while the company’s latest quarterly earnings of $0.31 per share missed estimates of $0.41.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.47 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 14.2%. The ex-dividend date of this dividend is Wednesday, September 30th.

Blackstone Mortgage Trust has decreased its dividend payment by an average of 0.1%per year over the last three years. Blackstone Mortgage Trust has a dividend payout ratio of 104.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Blackstone Mortgage Trust to earn $1.22 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 154.1%.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE BXMT opened at $13.27 on Wednesday. The business has a 50 day simple moving average of $14.97 and a 200 day simple moving average of $17.37. Blackstone Mortgage Trust has a 52 week low of $13.10 and a 52 week high of $20.67. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 147.49, a PEG ratio of 0.31 and a beta of 0.90.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.10). The business had revenue of $158.06 million for the quarter, compared to the consensus estimate of $157.32 million. Blackstone Mortgage Trust had a net margin of 1.57% and a return on equity of 7.72%. On average, analysts predict that Blackstone Mortgage Trust will post 0.9 EPS for the current year.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc is a real estate investment trust (REIT) that originates and holds senior mortgage loans secured by commercial real estate. Its lending activities primarily focus on transitional and institutional-quality properties, including office, multifamily, hotel, industrial, retail and other commercial assets.

The company's portfolio is concentrated in major real estate markets in the United States, Europe and Australia. Its loans are generally floating-rate and are designed to provide financing for acquisitions, refinancings, renovations, development and other commercial real estate activities.

Blackstone Mortgage Trust is externally managed by BXMT Advisors LLC, an affiliate of Blackstone.

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