Blackstone Mortgage Trust, Inc. Analysts Set Average Price Target of $20.07

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) has received an average rating of "Hold" from eight research firms monitoring the stock, according to Marketbeat. Of these analysts, five have given the stock a hold rating while three have assigned it a buy rating. The consensus 1-year price target set by these analysts is $20.07.

Recent reports from various equity analysts have influenced the perception of BXMT shares. For instance, on December 11th, Wolfe Research upgraded Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating, recommending a target price of $20.00. Additionally, Wells Fargo & Company increased their target price for the shares from $19.00 to $22.00, classifying the stock with an "overweight" rating in their assessment on September 20th.

Recent Institutional Trading Activity

Large investors have been active in buying and selling shares of Blackstone Mortgage Trust. For example, Raymond James & Associates raised their stake in the company by 9.7% during the second quarter, acquiring an additional 6,558 shares that brought their total to 74,341 shares valued at approximately $1,295,000. Similarly, Rothschild Investment LLC purchased a new stake worth about $215,000 during the same quarter. Van ECK Associates Corp also increased their stake by 21.7%, owning 785,499 shares after adding 140,102 more shares. Childress Capital Advisors LLC grew their holdings significantly by 360.6%, acquiring an extra 51,200 shares to total 65,397 shares valued around $1,139,000. Furthermore, Arizona State Retirement System raised its stake by 2.7%, now owning 46,190 shares worth about $805,000. Collectively, institutional investors own roughly 64.15% of Blackstone Mortgage Trust's shares.

Current Stock Performance

As of recent trading, Blackstone Mortgage Trust shares opened at $17.41. The company has a market capitalization of $3.01 billion, a price-to-earnings (PE) ratio of -12.53, and a beta of 1.50. Over the last year, shares have reached a low of $16.53 and a high of $22.04. The stock's fifty-day simple moving average stands at $18.58, with a 200-day simple moving average at $18.39.

Dividend Announcement

Blackstone Mortgage Trust has also announced a quarterly dividend, scheduled for payment on January 15th. Shareholders who were on record as of December 31st will receive a dividend of $0.47. This dividend translates to an annualized rate of $1.88, yielding approximately 10.80%. The ex-dividend date is set for December 31st. Notably, the company's current payout ratio is -135.25%.

Company Overview

Blackstone Mortgage Trust, Inc. operates as a real estate finance company, focusing on originating senior loans backed by commercial properties across North America, Europe, and Australia. The company specializes in acquiring senior floating-rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.

Blackstone, Mortgage, Investment