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 twelve months. 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 research analysts have issued 12-month target prices for Blackstone Mortgage Trust's shares. Their BXMT share price forecasts range from $30.00 to $34.00. On average, they anticipate the company's stock price to reach $32.00 in the next year. This suggests a possible upside of 23.6% 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 stock has decreased by 15.4% and is now trading at $25.90.
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Blackstone Mortgage Trust saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 7,240,000 shares, an increase of 10.2% from the July 31st total of 6,570,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the days-to-cover ratio is currently 5.3 days.
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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, Inc. (NYSE:BXMT) posted its quarterly earnings data on Wednesday, July, 27th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.04. Blackstone Mortgage Trust had a net margin of 44.90% and a trailing twelve-month return on equity of 8.92%. During the same quarter in the previous year, the business earned $0.55 earnings per share.

Blackstone Mortgage Trust announced a quarterly dividend on Thursday, September 15th. Investors of record on Friday, September 30th will be paid a dividend of $0.62 per share on Friday, October 14th. This represents a $2.48 annualized dividend and a dividend yield of 9.58%. 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 9.18%. 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."

Blackstone Mortgage Trust's stock is owned by many different retail and institutional 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.
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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 $25.90.

Blackstone Mortgage Trust (NYSE:BXMT) has a market capitalization of $4.41 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.