Blackstone Mortgage Trust (BXMT) Scheduled to Post Earnings on Wednesday

Blackstone Mortgage Trust (NYSE:BXMT) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Blackstone Mortgage Trust to post earnings of $0.44 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Blackstone Mortgage Trust Trading Up 1.7 %

NYSE BXMT opened at $18.86 on Tuesday. Blackstone Mortgage Trust has a 12 month low of $16.83 and a 12 month high of $23.82. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 13.38 and a beta of 1.42. The company’s 50 day moving average is $19.56 and its two-hundred day moving average is $20.65.

Blackstone Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 13.15%. The ex-dividend date of this dividend was Wednesday, March 27th. Blackstone Mortgage Trust’s payout ratio is 175.89%.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the transaction, the chief executive officer now directly owns 192,023 shares in the company, valued at $3,888,465.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the sale, the chief executive officer now owns 192,023 shares in the company, valued at $3,888,465.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the chief executive officer now owns 194,298 shares in the company, valued at approximately $3,967,565.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,540 shares of company stock worth $112,642. 1.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BTIG Research decreased their target price on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. UBS Group cut their target price on shares of Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, March 20th. JPMorgan Chase & Co. dropped their price objective on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. Bank of America lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $21.00 in a research note on Monday, March 4th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.83.

Blackstone Mortgage Trust Company Profile

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.