Blackstone Mortgage Trust, Inc. (BXMT) to Issue Quarterly Dividend of $0.47 on July 15th

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) declared a quarterly dividend on Monday, June 15th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.47 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Tuesday, June 30th.

Blackstone Mortgage Trust has decreased its dividend by an average of 0.1%annually over the last three years. Blackstone Mortgage Trust has a dividend payout ratio of 104.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Blackstone Mortgage Trust to earn $1.76 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 106.8%.

Blackstone Mortgage Trust Price Performance

Shares of BXMT stock opened at $18.37 on Wednesday. The business’s fifty day moving average price is $18.84 and its 200 day moving average price is $19.22. Blackstone Mortgage Trust has a 1-year low of $17.67 and a 1-year high of $20.67. The firm has a market capitalization of $3.10 billion, a PE ratio of 30.11 and a beta of 0.89.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.