Blackstone Mortgage Trust - BXMT Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Mortgage Trust in the last twelve months. There are currently 1 hold rating 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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1 brokerages have issued 12 month price objectives for Blackstone Mortgage Trust's shares. Their BXMT share price forecasts range from $27.00 to $28.00. On average, they predict the company's share price to reach $27.50 in the next year. This suggests a possible upside of 12.6% from the stock's current price.
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Blackstone Mortgage Trust's stock was trading at $30.62 at the start of the year. Since then, BXMT shares have decreased by 20.2% and is now trading at $24.43.
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Blackstone Mortgage Trust saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 8,060,000 shares, an increase of 15.3% from the October 31st total of 6,990,000 shares. Based on an average daily volume of 2,060,000 shares, the short-interest ratio is presently 3.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our BXMT earnings forecast.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) posted its earnings results on Wednesday, October, 26th. The real estate investment trust reported $0.71 EPS for the quarter, beating analysts' consensus estimates 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 last year, the business earned $0.57 EPS.

Blackstone Mortgage Trust announced a quarterly dividend on Thursday, September 15th. Stockholders of record on Friday, September 30th will be given a dividend of $0.62 per share on Friday, October 14th. This represents a $2.48 annualized dividend and a dividend yield of 10.15%. The ex-dividend date is Thursday, September 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 10.09%. 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.10%), State Street Corp (2.04%), Blackstone Inc. (1.54%), LDR Capital Management LLC (1.10%), Artemis Investment Management LLP (1.03%) and First Republic Investment Management Inc. (0.92%). 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.
View institutional ownership trends.

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 $24.43.

Blackstone Mortgage Trust (NYSE:BXMT) has a market capitalization of $4.18 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.