Blackstone Mortgage Trust (BXMT) Scheduled to Post Quarterly Earnings on Wednesday

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT stock traded down $0.02 during mid-day trading on Wednesday, hitting $18.23. The company's stock had a trading volume of 1,516,988 shares, compared to its average volume of 2,120,531. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 13.02 and a beta of 1.42. Blackstone Mortgage Trust has a 52-week low of $16.83 and a 52-week high of $23.82. The business has a 50-day moving average price of $19.58 and a 200 day moving average price of $20.71.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 13.60%. The ex-dividend date was Wednesday, March 27th. Blackstone Mortgage Trust's dividend payout ratio (DPR) is 175.89%.

Insider Buying and Selling at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,275 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the sale, the chief executive officer now directly owns 192,023 shares of the company's stock, valued at approximately $3,888,465.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 11th. The shares were sold at an average price of $20.25, for a total transaction of $46,068.75. Following the transaction, the chief executive officer now owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Katharine A. Keenan sold 2,274 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the sale, the chief executive officer now owns 194,298 shares of the company's stock, valued at approximately $3,967,565.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,540 shares of company stock valued at $112,642. Company insiders own 1.02% of the company's stock.

Institutional Trading of Blackstone Mortgage Trust

Several institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its stake in Blackstone Mortgage Trust by 9.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 81,768 shares of the real estate investment trust's stock valued at $1,740,000 after acquiring an additional 7,045 shares in the last quarter. Childress Capital Advisors LLC increased its holdings in shares of Blackstone Mortgage Trust by 9.9% in the fourth quarter. Childress Capital Advisors LLC now owns 12,197 shares of the real estate investment trust's stock worth $259,000 after purchasing an additional 1,100 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Blackstone Mortgage Trust in the fourth quarter worth about $217,000. Mercer Global Advisors Inc. ADV boosted its stake in Blackstone Mortgage Trust by 2.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 132,685 shares of the real estate investment trust's stock valued at $2,822,000 after buying an additional 3,248 shares during the last quarter. Finally, Baker Avenue Asset Management LP grew its holdings in Blackstone Mortgage Trust by 26,395.0% during the 4th quarter. Baker Avenue Asset Management LP now owns 107,040 shares of the real estate investment trust's stock valued at $2,277,000 after buying an additional 106,636 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BXMT shares. Bank of America lowered shares of Blackstone Mortgage Trust from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $22.00 to $21.00 in a research note on Monday, March 4th. JPMorgan Chase & Co. decreased their target price on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a "neutral" rating for the company in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods dropped their price target on Blackstone Mortgage Trust from $21.00 to $20.50 and set a "market perform" rating on the stock in a research note on Wednesday, April 10th. BTIG Research reduced their price objective on Blackstone Mortgage Trust from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, UBS Group lowered their target price on Blackstone Mortgage Trust from $21.50 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, March 20th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.83.

Blackstone Mortgage Trust Company Profile

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.