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

Blackstone Mortgage Trust (NYSE:BXMTGet Free Report) issued its quarterly earnings results 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 Up 3.2 %

NYSE BXMT opened at $19.85 on Friday. Blackstone Mortgage Trust has a twelve month low of $16.53 and a twelve month high of $20.73. The stock has a market cap of $3.43 billion, a P/E ratio of -14.28 and a beta of 1.50. The company’s 50-day simple moving average is $18.21 and its 200 day simple moving average is $18.36.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 9.47%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently -160.68%.

Wall Street Analyst Weigh In

BXMT has been the subject of several research analyst reports. JPMorgan Chase & Co. cut 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 research note on Tuesday, January 21st. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.29.

Check Out Our Latest Stock Analysis on BXMT

Blackstone Mortgage Trust Company Profile

(Get Free Report)

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.

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Earnings History for Blackstone Mortgage Trust (NYSE:BXMT)

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