Blackstone Mortgage Trust (NYSE:BXMT) Releases Quarterly Earnings Results, Beats Estimates By $1.26 EPS

Blackstone Mortgage Trust (NYSE:BXMT) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.26, Zacks reports. Blackstone Mortgage Trust had a positive return on equity of 9.35% and a negative net margin of 12.91%.

Blackstone Mortgage Trust Stock Performance

BXMT stock opened at $19.00 on Wednesday. The stock has a market cap of $3.29 billion, a P/E ratio of -13.67 and a beta of 1.50. The firm has a 50 day simple moving average of $18.20 and a 200 day simple moving average of $18.35. Blackstone Mortgage Trust has a 52 week low of $16.53 and a 52 week high of $20.73.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.90%. Blackstone Mortgage Trust’s dividend payout ratio is -135.25%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods dropped their target price on shares of 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.14.

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.