Blackstone Mortgage Trust (BXMT) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blackstone Mortgage Trust in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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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4 brokerages have issued twelve-month price objectives for Blackstone Mortgage Trust's shares. Their BXMT share price forecasts range from $17.00 to $27.00. On average, they predict the company's share price to reach $19.80 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price.
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Blackstone Mortgage Trust's stock was trading at $21.17 at the start of the year. Since then, BXMT stock has decreased by 14.1% and is now trading at $18.1950.
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Blackstone Mortgage Trust saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 20,960,000 shares, an increase of 12.6% from the April 15th total of 18,620,000 shares. Based on an average daily volume of 3,210,000 shares, the days-to-cover ratio is presently 6.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Blackstone Mortgage Trust, Inc. (NYSE:BXMT) issued its quarterly earnings results on Wednesday, October, 26th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. Blackstone Mortgage Trust had a net margin of 16.71% and a trailing twelve-month return on equity of 10.58%. During the same period last year, the firm posted $0.57 EPS.

Blackstone Mortgage Trust declared a quarterly dividend on Wednesday, March 15th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.62 per share on Friday, April 14th. This represents a $2.48 annualized dividend and a dividend yield of 13.63%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for BXMT.

ETFs with the largest weight of Blackstone Mortgage Trust (NYSE:BXMT) stock in their portfolio include VanEck Mortgage REIT Income ETF (MORT), iShares Mortgage Real Estate ETF (REM), Global X SuperDividend REIT ETF (SRET), WisdomTree Alternative Income Fund (HYIN), Hoya Capital High Dividend Yield ETF (RIET), Hypatia Women CEO ETF (WCEO), GraniteShares HIPS US High Income ETF (HIPS) and Global X SuperDividend ETF (SDIV).

Blackstone Mortgage Trust (NYSE:BXMT) pays an annual dividend of $2.48 per share and currently has a dividend yield of 13.52%. BXMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 163.16%. 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 92.54% 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 BlackRock Inc. (7.73%), State Street Corp (2.19%), Geode Capital Management LLC (2.16%), Bank of America Corp DE (1.90%), Charles Schwab Investment Management Inc. (1.32%) and Victory Capital Management Inc. (1.01%). 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, Michael B Nash 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 $18.20.

Blackstone Mortgage Trust (NYSE:BXMT) has a market capitalization of $3.13 billion and generates $1.34 billion in revenue each year. The real estate investment trust earns $248.64 million in net income (profit) each year or $1.52 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.