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

Blackstone Mortgage Trust (NYSE:BXMT) is scheduled to be issuing 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 interested in registering for the company’s earnings conference call can do so using this link.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT opened at $18.25 on Wednesday. Blackstone Mortgage Trust has a 52-week low of $16.83 and a 52-week high of $23.82. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 12.94 and a beta of 1.42. The stock’s 50-day simple moving average is $19.58 and its two-hundred day simple moving average is $20.71.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.48 annualized dividend and a yield of 13.59%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 175.89%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of the firm’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 sale, 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 the SEC website. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 2,274 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.42, for a total transaction of $46,435.08. Following the sale, 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. Insiders have sold 5,540 shares of company stock worth $112,642 over the last quarter. Insiders own 1.02% of the company’s stock.

Institutional Trading of Blackstone Mortgage Trust

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Blackstone Mortgage Trust by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 15,544,123 shares of the real estate investment trust’s stock valued at $362,800,000 after purchasing an additional 162,232 shares in the last quarter. State Street Corp boosted its position in Blackstone Mortgage Trust by 0.3% during the 2nd quarter. State Street Corp now owns 3,787,010 shares of the real estate investment trust’s stock valued at $81,136,000 after acquiring an additional 12,582 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Blackstone Mortgage Trust by 17.2% in the 1st quarter. Geode Capital Management LLC now owns 3,723,675 shares of the real estate investment trust’s stock valued at $66,468,000 after acquiring an additional 545,134 shares during the period. Bank of America Corp DE raised its position in shares of Blackstone Mortgage Trust by 25.0% in the 1st quarter. Bank of America Corp DE now owns 3,277,188 shares of the real estate investment trust’s stock worth $58,498,000 after acquiring an additional 656,329 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Blackstone Mortgage Trust by 3.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,280,583 shares of the real estate investment trust’s stock worth $40,708,000 after purchasing an additional 83,772 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Analysts Set New Price Targets

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

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.