Blackstone Mortgage Trust - BXMT Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blackstone Mortgage Trust in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" BXMT shares.
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1 Wall Street analysts have issued 12 month target prices for Blackstone Mortgage Trust's stock. Their BXMT share price forecasts range from $30.00 to $34.00. On average, they predict the company's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 37.1% from the stock's current price.
View analysts price targets for BXMT or view top-rated stocks among Wall Street analysts.

Blackstone Mortgage Trust's stock was trading at $30.62 at the beginning of 2022. Since then, BXMT shares have decreased by 23.8% and is now trading at $23.34.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Blackstone Mortgage Trust will be holding an earnings conference call on Wednesday, October 26th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) announced its earnings results on Wednesday, July, 27th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company earned $0.55 earnings per share.

Blackstone Mortgage Trust declared 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 dividend on an annualized basis and a yield of 10.63%. 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 10.63%. 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 92.88% 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."

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 $23.34.

Blackstone Mortgage Trust (NYSE:BXMT) has a market capitalization of $3.97 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.

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.