Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was founded in 1997 and is headquartered in New York, New York.
Analyst Upgrades and Downgrades
Separately, Credit Suisse Group decreased their target price on shares of Blackstone Mortgage Trust to $30.00 in a research report on Friday, July 22nd.
Blackstone Mortgage Trust Stock Down 0.4 %
Shares of NYSE:BXMT traded down $0.11 during mid-day trading on Monday, reaching $30.42. 1,226,304 shares of the company were exchanged, compared to its average volume of 1,462,757. The company's 50-day simple moving average is $29.06 and its 200-day simple moving average is $30.47. The stock has a market capitalization of $5.18 billion, a P/E ratio of 12.51 and a beta of 1.23. Blackstone Mortgage Trust has a twelve month low of $25.99 and a twelve month high of $34.04.
Blackstone Mortgage Trust (NYSE:BXMT - Get Rating) last posted its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.04. Blackstone Mortgage Trust had a net margin of 44.90% and a return on equity of 8.92%. During the same quarter in the previous year, the firm posted $0.55 earnings per share. As a group, equities research analysts expect that Blackstone Mortgage Trust will post 2.42 EPS for the current year.
Blackstone Mortgage Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 8.15%. The ex-dividend date was Wednesday, June 29th. Blackstone Mortgage Trust's dividend payout ratio (DPR) is 101.64%.
Insiders Place Their Bets
In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 967 shares of Blackstone Mortgage Trust stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $30.62, for a total value of $29,609.54. Following the completion of the sale, the chief financial officer now owns 45,246 shares in the company, valued at approximately $1,385,432.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 967 shares of Blackstone Mortgage Trust stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $30.62, for a total value of $29,609.54. Following the completion of the sale, the chief financial officer now owns 45,246 shares in the company, valued at approximately $1,385,432.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Katharine A. Keenan sold 4,540 shares of the firm's stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $30.63, for a total transaction of $139,060.20. Following the completion of the transaction, the chief executive officer now directly owns 125,312 shares in the company, valued at $3,838,306.56. The disclosure for this sale can be found here. Insiders sold 11,162 shares of company stock worth $340,338 in the last quarter. 1.06% of the stock is currently owned by corporate insiders.