Blackstone Mortgage Trust (BXMT) Projected to Post Quarterly Earnings on Wednesday

Blackstone Mortgage Trust (NYSE:BXMT) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Blackstone Mortgage Trust to post earnings of ($0.87) per share and revenue of $110.62 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Blackstone Mortgage Trust Stock Performance

BXMT stock opened at $18.51 on Wednesday. The business’s 50-day moving average is $18.25 and its two-hundred day moving average is $18.35. The company has a market cap of $3.20 billion, a price-to-earnings ratio of -13.31 and a beta of 1.50. Blackstone Mortgage Trust has a fifty-two week low of $16.53 and a fifty-two week high of $20.73.

Blackstone Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.16%. The ex-dividend date was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -135.25%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BXMT shares. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Wednesday, December 11th. JPMorgan Chase & Co. cut their price objective on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods decreased their target price on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.14.

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.