NYSE:BXMT

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

$18.03
-1.10 (-5.75%)
(As of 12:15 PM ET)
Today's Range
$17.77
$18.64
50-Day Range
$18.23
$20.49
52-Week Range
$16.83
$23.82
Volume
3.20 million shs
Average Volume
2.11 million shs
Market Capitalization
$3.13 billion
P/E Ratio
12.79
Dividend Yield
13.75%
Price Target
$20.83

Blackstone Mortgage Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
15.5% Upside
$20.83 Price Target
Short Interest
Bearish
15.44% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.65
Upright™ Environmental Score
News Sentiment
0.61mentions of Blackstone Mortgage Trust in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$112,642 Sold Last Quarter
Proj. Earnings Growth
21.05%
From $1.90 to $2.30 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.

4.54 out of 5 stars

Finance Sector

286th out of 855 stocks

Real Estate Investment Trusts Industry

59th out of 180 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

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AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
BXMT Dividend Yield Pushes Above 13%
Blackstone Mortgage: Too Much Uncertainty
Analyst Ratings For Arbor Realty Trust
Q4 2023 Blackstone Mortgage Trust Inc Earnings Call
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
4/24/2024
Next Earnings (Confirmed)
4/24/2024
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
$20.83
High Stock Price Target
$22.00
Low Stock Price Target
$18.50
Potential Upside/Downside
+8.8%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$246.55 million
Pretax Margin
12.53%

Debt

Sales & Book Value

Annual Sales
$2.04 billion
Cash Flow
$2.82 per share
Book Value
$25.47 per share

Miscellaneous

Free Float
171,903,000
Market Cap
$3.32 billion
Optionable
Optionable
Beta
1.42
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Key Executives

  • Ms. Katharine A. KeenanMs. Katharine A. Keenan (Age 39)
    CEO, President & Director
  • Mr. Anthony Francis Marone Jr. (Age 41)
    CPA, CFO, Treasurer & Assistant Secretary
  • Mr. Timothy Johnson (Age 43)
    Chairman of the Board, Global Head of BREDS & Senior MD
  • Mr. Jonathan D. Gray CIMA (Age 55)
    BX President, COO & Senior MD
  • Mr. Austin Pena (Age 38)
    Executive VP of Investments & MD
  • Mr. Paul Kolodziej (Age 45)
    Head of Accounting
  • Mr. Timothy Paul Hayes Jr. (Age 33)
    Vice President of Shareholder Relations
  • Mr. Leon Volchyok (Age 40)
    Chief Legal 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

BXMT Stock Analysis - Frequently Asked Questions

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Mortgage Trust in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

6 Wall Street analysts have issued 12 month price targets for Blackstone Mortgage Trust's stock. Their BXMT share price targets range from $18.50 to $22.00. On average, they anticipate the company's stock price to reach $20.83 in the next twelve months. This suggests a possible upside of 15.5% 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 2024?

Blackstone Mortgage Trust's stock was trading at $21.27 at the beginning of the year. Since then, BXMT shares have decreased by 15.2% and is now trading at $18.03.
View the best growth stocks for 2024 here
.

Are investors shorting Blackstone Mortgage Trust?

Blackstone Mortgage Trust saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 26,810,000 shares, an increase of 6.4% from the March 15th total of 25,190,000 shares. Based on an average daily volume of 2,100,000 shares, the short-interest ratio is currently 12.8 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, April 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 data on Wednesday, October, 26th. The real estate investment trust reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. Blackstone Mortgage Trust had a trailing twelve-month return on equity of 11.01% and a net margin of 12.10%. During the same period last year, the firm earned $0.57 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 Friday, March 15th. Shareholders 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 dividend yield of 13.75%. The ex-dividend date of this dividend 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 13.15%. BXMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 175.89%. 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 107.83% 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 many different institutional and retail investors. Top institutional investors include Nations Financial Group Inc. IA ADV (0.16%), MADDEN SECURITIES Corp (0.13%), State of Alaska Department of Revenue (0.06%), Louisiana State Employees Retirement System (0.05%), Wealth Enhancement Advisory Services LLC (0.02%) and True North Advisors LLC (0.01%). 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 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 4/24/2024 by MarketBeat.com Staff

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