Blackstone Mortgage Trust (BXMT) Set to Announce Quarterly Earnings on Wednesday

Blackstone Mortgage Trust (NYSE:BXMT) will issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Blackstone Mortgage Trust Price Performance

NYSE:BXMT opened at $18.25 on Wednesday. The firm’s 50 day simple moving average is $19.58 and its 200 day simple moving average is $20.71. The company has a market cap of $3.17 billion, a PE ratio of 12.94 and a beta of 1.42. Blackstone Mortgage Trust has a one year low of $16.83 and a one year high of $23.82.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.62 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a yield of 13.59%. Blackstone Mortgage Trust’s payout ratio is 175.89%.

Analysts Set New Price Targets

A number of analysts have weighed in on BXMT shares. JPMorgan Chase & Co. decreased their target price on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Keefe, Bruyette & Woods dropped their price objective on Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research note on Wednesday, April 10th. Bank of America cut Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $22.00 to $21.00 in a research note on Monday, March 4th. Finally, UBS Group cut their price target on Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, March 20th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.17.

Insider Buying and Selling at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the transaction, the chief executive officer now owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $20.25, for a total transaction of $46,068.75. Following the transaction, the chief executive officer now owns 192,023 shares of the company’s stock, valued at approximately $3,888,465.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the transaction, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at $3,967,565.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,540 shares of company stock worth $112,642. 1.02% of the stock is owned by corporate insiders.

Institutional Trading of Blackstone Mortgage Trust

Large investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL purchased a new stake in Blackstone Mortgage Trust in the 4th quarter worth about $212,000. Moors & Cabot Inc. purchased a new stake in shares of Blackstone Mortgage Trust during the 1st quarter valued at approximately $200,000. Captrust Financial Advisors bought a new position in Blackstone Mortgage Trust in the 2nd quarter worth approximately $179,000. Covestor Ltd grew its stake in Blackstone Mortgage Trust by 153.4% in the 1st quarter. Covestor Ltd now owns 4,981 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 3,015 shares in the last quarter. Finally, MBM Wealth Consultants LLC raised its holdings in Blackstone Mortgage Trust by 102.3% during the 4th quarter. MBM Wealth Consultants LLC now owns 6,705 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 3,391 shares during the period. Hedge funds and other institutional investors own 64.15% of the company’s stock.

About Blackstone Mortgage Trust

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.