NYSE:BXMT

Blackstone Mortgage Trust - BXMT Stock Forecast, Price & News

$30.35

-0.07 (-0.23%)

(As of 08/16/2022 09:57 AM ET)

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Today's Range: $30.30
▼
$30.43
50-Day Range: $26.14
▼
$31.20
52-Week Range: $25.99
▼
$34.04

Volume: 3,366 shs
Average Volume: 1.26 million shs
Market Capitalization: $5.17 billion

P/E Ratio: 12.44
Dividend Yield: 8.12%
Price Target: $33.00

Blackstone Mortgage Trust MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 8.5% Upside
$33.00 Price Target
Short Interest: Bearish
3.86% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -2.68
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Acquiring Shares
$492,060 Bought Last Quarter
Proj. Earnings Growth: 6.61%
From $2.42 to $2.58 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.98 out of 5 stars

Finance Sector

721st out of 924 stocks

Real Estate Investment Trusts Industry

140th out of 197 stocks

1.5

Analyst's Opinion

Consensus Rating
Blackstone Mortgage Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.00, Blackstone Mortgage Trust has a forecasted upside of 8.5% from its current price of $30.42.
Amount of Analyst Coverage
Blackstone Mortgage Trust has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.86% of the outstanding shares of Blackstone Mortgage Trust have been sold short.
Short Interest Ratio / Days to Cover
Blackstone Mortgage Trust has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in Blackstone Mortgage Trust has recently increased by 3.46%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
Blackstone Mortgage Trust is a leading dividend payer. It pays a dividend yield of 8.12%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Blackstone Mortgage Trust does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Blackstone Mortgage Trust is 101.64%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Blackstone Mortgage Trust will have a dividend payout ratio of 96.12% in the coming year. This indicates that Blackstone Mortgage Trust may not be able to sustain their current dividend.

2.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Blackstone Mortgage Trust has received a 2.73% net impact score from Upright. Blackstone Mortgage seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Real estate funds investing in apartment buildings", "Real estate funds investing in industrial, logistics and warehousing buildings", and "Real estate funds investing in office buildings" products. See details.
Environmental Sustainability
The Environmental Impact score for Blackstone Mortgage Trust is -2.68.

3.3

News and Social Media Coverage

News Sentiment
Blackstone Mortgage Trust has a news sentiment score of 1.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Blackstone Mortgage Trust this week, compared to 1 article on an average week.
Search Interest
Only 22 people have searched for BXMT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
7 people have added Blackstone Mortgage Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Blackstone Mortgage Trust insiders have bought 44.58% more of their company's stock than they have sold. Specifically, they have bought $492,060.00 in company stock and sold $340,338.00 in company stock.
Percentage Held by Insiders
Only 1.06% of the stock of Blackstone Mortgage Trust is held by insiders.
Percentage Held by Institutions
55.13% of the stock of Blackstone Mortgage Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Blackstone Mortgage Trust are expected to grow by 6.61% in the coming year, from $2.42 to $2.58 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Blackstone Mortgage Trust is 12.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Blackstone Mortgage Trust is 12.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 144.36.
Price to Book Value per Share Ratio
Blackstone Mortgage Trust has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Blackstone Mortgage Trust (NYSE:BXMT) Stock

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.

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BXMT Stock News Headlines

August 11, 2022 | finance.yahoo.com

3 Top Passive Income Stocks to Buy With Dividends Over 5%

July 29, 2022 | seekingalpha.com

Blackstone Mortgage: A Well-Covered 8% Yield Not To Miss

July 26, 2022 | americanbankingnews.com

Blackstone Mortgage Trust (NYSE:BXMT) Given New $30.00 Price Target at Credit Suisse Group

July 25, 2022 | americanbankingnews.com

Blackstone Mortgage Trust (BXMT) Set to Announce Quarterly Earnings on Wednesday

July 4, 2022 | finance.yahoo.com

2 REITs That Are Outperforming the Dow Jones

June 28, 2022 | seekingalpha.com

Blackstone Mortgage Trust goes ex-dividend tomorrow

June 22, 2022 | nasdaq.com

Top Buys by Directors: Nash's $1M Bet on BXMT

June 16, 2022 | nasdaq.com

August 19th Options Now Available For Blackstone Mortgage Trust (BXMT)

June 13, 2022 | nasdaq.com

RSI Alert: Blackstone Mortgage Trust (BXMT) Now Oversold

June 13, 2022 | finance.yahoo.com

Blackstone Mortgage Trust Awarded NAREIT Gold Investor CARE (Communications & Reporting Excellence) Award

June 13, 2022 | marketwatch.com

Blackstone Mortgage Trust Inc BXMT Pivots Trading Plans and Risk Controls

June 7, 2022 | seekingalpha.com

Blackstone Mortgage: Strong 8.0% Yield And An Inflation Hedge

May 13, 2022 | finance.yahoo.com

Blackstone Mortgage Trust's (NYSE:BXMT) three-year total shareholder returns outpace the underlying earnings growth

April 28, 2022 | benzinga.com

Blackstone Mortgage Trust Earnings Perspective: Return On Capital Employed

April 27, 2022 | seekingalpha.com

Blackstone Mortgage Trust Non-GAAP EPS of $0.62 misses by $0.02, revenue of $133.72M in-line

April 27, 2022 | seekingalpha.com

Blackstone Mortgage Trust looks ahead to higher rates after Q1 earnings miss

April 27, 2022 | finance.yahoo.com

Blackstone Mortgage Trust Reports First Quarter 2022 Results

April 20, 2022 | finance.yahoo.com

Blackstone Mortgage Trust (BXMT) Reports Next Week: Wall Street Expects Earnings Growth

April 19, 2022 | seekingalpha.com

Blackstone Mortgage Trust: How To Benefit From Rising Interest Rates Thanks To Its Floating Rate Portfolio

April 14, 2022 | finance.yahoo.com

Blackstone Mortgage Trust Announces First Quarter 2022 Earnings Release and Conference Call

April 1, 2022 | nasdaq.com

BXMT Makes Notable Cross Below Critical Moving Average

March 25, 2022 | finance.yahoo.com

Blackstone Mortgage Trust Announces Pricing of Public Offering of Convertible Senior Notes

March 24, 2022 | seekingalpha.com

Blackstone Mortgage Trust to raise $300M via convertible senior notes offering

March 24, 2022 | finance.yahoo.com

Blackstone Mortgage Trust Announces Public Offering of Convertible Senior Notes

March 15, 2022 | finance.yahoo.com

What Type Of Shareholders Make Up Blackstone Mortgage Trust, Inc.'s (NYSE:BXMT) Share Registry?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BXMT Company Calendar

Ex-Dividend for 7/15 Dividend: 6/29/2022
Dividend Payable: 7/15/2022
Last Earnings: 7/27/2022
Today: 8/16/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:BXMT
Previous Symbol: NYSE:CT
CUSIP: N/A
CIK: 1061630
Web: www.blackstonemortgagetrust.com
Phone: (212) 655-0220
Fax: 212-655-0044
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $33.00
High Stock Price Forecast: $35.00
Low Stock Price Forecast: $30.00
Forecasted Upside/Downside: +8.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.44
Trailing P/E Ratio: 12.44
Forward P/E Ratio: 12.54
P/E Growth: N/A
Net Income: $419.19 million
Net Margins: 44.90%
Pretax Margin: 45.33%
Return on Equity: 8.92%
Return on Assets: 1.75%

Debt

Debt-to-Equity Ratio: 4.41
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $514.47 million
Price / Sales: 10.05
Cash Flow: $2.00 per share
Price / Cash Flow: 15.16
Book Value: $27.59 per share
Price / Book: 1.10

Miscellaneous

Outstanding Shares: 170,300,000
Free Float: 168,492,000
Market Cap: $5.17 billion
Optionable: Optionable
Beta: 1.23

Key Executives

Mr. Michael B. Nash (Age 61)
Exec. Chairman
Ms. Katharine A. Keenan (Age 37)
Sr. MD, CEO, Pres & Director
Mr. Anthony Francis Marone Jr. (Age 39)
CPA, CFO, MD, Principal Accounting Officer & Assistant Sec.
Mr. Stephen D. Plavin (Age 63)
Sr. Managing Director
Mr. Douglas N. Armer (Age 47)
Exec. VP of Capital Markets & Treasurer
Mr. Jonathan Lee Pollack (Age 45)
Sr. MD, Global Head of Blackstone Structured Fin. & Director
Mr. Jonathan D. Gray (Age 53)
BX Pres, COO & Sr. MD
Mr. Austin Pena (Age 36)
Exec. VP of Investments
Mr. Paul Kolodziej (Age 42)
Head of Accounting
Mr. Weston M. Tucker (Age 41)
Head of Investor Relations & Sr. MD

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BXMT Stock - Frequently Asked Questions

Should I buy or sell Blackstone Mortgage Trust stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Mortgage Trust in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BXMT shares.
View BXMT analyst ratings or view top-rated stocks.
What is Blackstone Mortgage Trust's stock price forecast for 2022?: 2 Wall Street research analysts have issued 1 year price objectives for Blackstone Mortgage Trust's shares. Their BXMT share price forecasts range from $30.00 to $35.00. On average, they predict the company's stock price to reach $33.00 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
View analysts price targets for BXMT or view top-rated stocks among Wall Street analysts.
How have BXMT shares performed in 2022?: Blackstone Mortgage Trust's stock was trading at $30.62 at the start of the year. Since then, BXMT shares have decreased by 0.7% and is now trading at $30.42.
View the best growth stocks for 2022 here.
Are investors shorting Blackstone Mortgage Trust?: Blackstone Mortgage Trust saw a increase in short interest in June. As of June 30th, there was short interest totaling 7,210,000 shares, an increase of 40.5% from the June 15th total of 5,130,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is presently 4.8 days.
View Blackstone Mortgage Trust's Short Interest.
When is Blackstone Mortgage Trust's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our BXMT earnings forecast.
How were Blackstone Mortgage Trust's earnings last quarter?: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) announced its quarterly earnings results on Wednesday, July, 27th. The real estate investment trust reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.04. Blackstone Mortgage Trust had a trailing twelve-month return on equity of 8.92% and a net margin of 44.90%. During the same quarter last year, the firm earned $0.55 earnings per share.

How often does Blackstone Mortgage Trust pay dividends? What is the dividend yield for Blackstone Mortgage Trust?: Blackstone Mortgage Trust declared a quarterly dividend on Wednesday, June 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.62 per share on Friday, July 15th. This represents a $2.48 dividend on an annualized basis and a yield of 8.15%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for BXMT.
Is Blackstone Mortgage Trust a good dividend stock?: Blackstone Mortgage Trust (NYSE:BXMT) pays an annual dividend of $2.48 per share and currently has a dividend yield of 8.12%. BXMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 101.64%. 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 96.12% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BXMT.
What other stocks do shareholders of Blackstone Mortgage Trust own?: 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).
What is Blackstone Mortgage Trust's stock symbol?: Blackstone Mortgage Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "BXMT."
Who are Blackstone Mortgage Trust's major shareholders?: Blackstone Mortgage Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (2.01%), Egerton Capital UK LLP (1.52%), Northern Trust Corp (1.19%), JPMorgan Chase & Co. (1.00%), Artemis Investment Management LLP (0.99%) and LDR Capital Management LLC (0.96%). 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.
How do I buy shares of Blackstone Mortgage Trust?: 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.
Compare Top Brokerages Here.
What is Blackstone Mortgage Trust's stock price today?: One share of BXMT stock can currently be purchased for approximately $30.42.
How much money does Blackstone Mortgage Trust make?: Blackstone Mortgage Trust (NYSE:BXMT) has a market capitalization of $5.18 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 $2.44 on an earnings per share basis.
How can I contact Blackstone Mortgage Trust?: 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.

This page (NYSE:BXMT) was last updated on 8/16/2022 by MarketBeat.com Staff

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Blackstone Mortgage Trust - BXMT Stock Forecast, Price & News

Blackstone Mortgage Trust MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability