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NYSE:BXMT

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

$17.17
-0.17 (-0.98%)
(As of 05/28/2024 ET)
Today's Range
$17.08
$17.58
50-Day Range
$17.10
$20.49
52-Week Range
$16.91
$23.82
Volume
1.49 million shs
Average Volume
1.77 million shs
Market Capitalization
$2.98 billion
P/E Ratio
572.33
Dividend Yield
14.44%
Price Target
$19.93

Blackstone Mortgage Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
16.1% Upside
$19.93 Price Target
Short Interest
Bearish
15.38% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.65
Upright™ Environmental Score
News Sentiment
1.07mentions of Blackstone Mortgage Trust in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$112,642 Sold Last Quarter
Proj. Earnings Growth
-17.98%
From $2.28 to $1.87 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.36 out of 5 stars

Finance Sector

420th out of 880 stocks

Real Estate Investment Trusts Industry

78th out of 177 stocks

BXMT stock logo

About Blackstone Mortgage Trust Stock (NYSE:BXMT)

Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets. It operates as a real estate investment trust for federal income tax purposes. 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 incorporated in 1998 and is headquartered in New York, New York.

BXMT Stock Price History

BXMT Stock News Headlines

Blackstone Mortgage Trust: A Dividend Cut Is Likely
7 REITs to Sell in May Before They Crash and Burn
3 Ultra-Yield Dividend Stocks Retirees Can Trust
Blackstone Mortgage: Q1 Earnings Snapshot
BXMT Dividend Yield Pushes Above 13%
Blackstone Mortgage: Too Much Uncertainty
Analyst Ratings For Arbor Realty Trust
See More Headlines
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Company Calendar

Last Earnings
10/26/2022
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
5/29/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.93
High Stock Price Target
$22.00
Low Stock Price Target
$17.50
Potential Upside/Downside
+16.1%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$246.55 million
Pretax Margin
0.62%

Debt

Sales & Book Value

Annual Sales
$2.04 billion
Cash Flow
$2.71 per share
Book Value
$25.47 per share

Miscellaneous

Free Float
171,970,000
Market Cap
$2.98 billion
Optionable
Optionable
Beta
1.44
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Key Executives

  • Mr. Timothy Johnson (Age 44)
    Chairman of the Board, Global Head of BREDS & Senior MD
  • Ms. Katharine Amelia KeenanMs. Katharine Amelia Keenan (Age 39)
    CEO, President & Director
  • Mr. Anthony Francis Marone Jr. (Age 41)
    CPA, CFO, Treasurer & Assistant Secretary
  • Mr. Jonathan D. Gray CIMA (Age 55)
    BX President, COO & Senior MD
  • Mr. Austin Pena (Age 38)
    Executive VP of Investments & MD
  • Mr. Timothy Paul Hayes Jr. (Age 33)
    Vice President of Shareholder Relations
  • Mr. Scott Aaron Mathias (Age 45)
    Chief Compliance Officer & Secretary
  • Mr. Stephen D. Plavin (Age 65)
    Senior Managing Director
  • Mr. Kenneth A. Caplan (Age 51)
    BX Global Co-Chief Investment Officer & Senior MD
  • Ms. Kathleen Theresa McCarthy Baldwin
    BX Global Co-Head of Real Estate & Senior MD

BXMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Blackstone Mortgage Trust stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blackstone Mortgage Trust in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.
View BXMT analyst ratings
or view top-rated stocks.

What is Blackstone Mortgage Trust's stock price target for 2024?

7 Wall Street analysts have issued twelve-month price objectives for Blackstone Mortgage Trust's shares. Their BXMT share price targets range from $17.50 to $22.00. On average, they predict the company's stock price to reach $19.93 in the next year. This suggests a possible upside of 16.1% 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 2024?

Blackstone Mortgage Trust's stock was trading at $21.27 at the beginning of 2024. Since then, BXMT shares have decreased by 19.3% and is now trading at $17.17.
View the best growth stocks for 2024 here
.

When is Blackstone Mortgage Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
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, October, 26th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. Blackstone Mortgage Trust had a net margin of 0.24% and a trailing twelve-month return on equity of 10.72%. During the same period last year, the firm earned $0.57 EPS.

How often does Blackstone Mortgage Trust pay dividends? What is the dividend yield for Blackstone Mortgage Trust?

Blackstone Mortgage Trust announced a quarterly dividend on Friday, March 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.62 per share on Monday, April 15th. This represents a $2.48 dividend on an annualized basis and a yield of 14.44%. The ex-dividend date is Wednesday, March 27th.
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 14.30%. BXMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 8,266.67%. 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 132.62% 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).

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 investors include Vanguard Group Inc. (10.55%), LDR Capital Management LLC (0.92%), Principal Financial Group Inc. (0.52%), Mirae Asset Global Investments Co. Ltd. (0.51%), Van ECK Associates Corp (0.37%) and Nations Financial Group Inc. IA ADV (0.16%). 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 Michael B Nash.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BXMT) was last updated on 5/29/2024 by MarketBeat.com Staff

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