Blackstone Mortgage Trust - BXMT Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Mortgage Trust in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BXMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BXMT, but not buy additional shares or sell existing shares.
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2 brokers have issued 1 year target prices for Blackstone Mortgage Trust's shares. Their BXMT share price forecasts range from $26.00 to $28.00. On average, they expect the company's share price to reach $27.13 in the next year. This suggests a possible upside of 13.8% from the stock's current price.
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Blackstone Mortgage Trust's stock was trading at $21.17 at the beginning of the year. Since then, BXMT stock has increased by 12.6% and is now trading at $23.84.
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Blackstone Mortgage Trust saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 9,750,000 shares, an increase of 13.4% from the December 15th total of 8,600,000 shares. Based on an average daily volume of 1,920,000 shares, the short-interest ratio is currently 5.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Blackstone Mortgage Trust will be holding an earnings conference call on Wednesday, February 8th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) issued its earnings results on Wednesday, October, 26th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Blackstone Mortgage Trust had a trailing twelve-month return on equity of 9.33% and a net margin of 39.99%. During the same period in the prior year, the firm earned $0.57 earnings per share.

Blackstone Mortgage Trust announced a quarterly dividend on Thursday, December 15th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.62 per share on Friday, January 13th. This represents a $2.48 dividend on an annualized basis and a yield of 10.40%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for BXMT.

Blackstone Mortgage Trust (NYSE:BXMT) pays an annual dividend of $2.48 per share and currently has a dividend yield of 10.43%. BXMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 100.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BXMT will have a dividend payout ratio of 89.21% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BXMT.

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackstone Mortgage Trust investors own include AT&T (T), Blackstone (BX), New Residential Investment (NRZ), Exxon Mobil (XOM), Energy Transfer (ET), Endologix (ELGX), Enterprise Products Partners (EPD), Omega Healthcare Investors (OHI), Starwood Property Trust (STWD) and Ares Capital (ARCC).

Blackstone Mortgage Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "BXMT."

Blackstone Mortgage Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include MADDEN SECURITIES Corp (0.18%), Neville Rodie & Shaw Inc. (0.18%), GFS Advisors LLC (0.16%), New York State Common Retirement Fund (0.07%), Private Advisor Group LLC (0.06%) and Garrison Bradford & Associates Inc. (0.06%). Insiders that own company stock include Anthony F Marone Jr, Anthony F Marone, Jr, Douglas N Armer, Douglas N Armer, Henry N Nassau, Jonathan Lee Pollack, Katharine A Keenan, Katharine A Keenan, Leonard W Cotton and Thomas C Ruffing.
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Shares of BXMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BXMT stock can currently be purchased for approximately $23.84.

Blackstone Mortgage Trust (NYSE:BXMT) has a market capitalization of $4.07 billion and generates $514.47 million in revenue each year. The real estate investment trust earns $419.19 million in net income (profit) each year or $2.47 on an earnings per share basis.

Blackstone Mortgage Trust's mailing address is 345 PARK AVENUE 42ND FLOOR, NEW YORK NY, 10154. The official website for the company is www.blackstonemortgagetrust.com. The real estate investment trust can be reached via phone at (212) 655-0220, via email at blackstoneinvestorrelations@blackstone.com, or via fax at 212-655-0044.