In yesterday’s Wall Street session, Blackstone Mortgage Trust Inc. (NYSE:BXMT) shares traded at $18.06, down -1.69% from the previous session.
9 analysts cover Blackstone Mortgage Trust Inc. (NYSE:BXMT), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $17.00, we find $19.00. Given the previous closing price of $18.37, this indicates a potential upside of 3.43 percent. BXMT stock price is now 2.20% away from the 50-day moving average and -20.97% away from the 200-day moving average. The market capitalization of the company currently stands at $3.17B.
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The stock has received a hold rating from 6 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $19.36 as their price target over the next twelve months.
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In other news, Nash Michael B., Director bought 50,000 shares of the company’s stock on May 10. The stock was bought for $860,810 at an average price of $17.22. Upon completion of the transaction, the Director now directly owns 518,455 shares in the company, valued at $9.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15, Director NASSAU HENRY N bought 10,000 shares of the business’s stock. A total of $178,067 was incurred on buying the stock at an average price of $17.81. This leaves the insider owning 127,348 shares of the company worth $2.3 million. Insiders disposed of 26,947 shares of company stock worth roughly $0.49 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BXMT stock. A new stake in Blackstone Mortgage Trust Inc. shares was purchased by THRIVENT FINANCIAL FOR LUTHERANS during the first quarter worth $8,286,000. EXODUSPOINT CAPITAL MANAGEMENT, LP invested $4,887,000 in shares of BXMT during the first quarter. In the first quarter, RESOLUTE WEALTH STRATEGIES, LLC acquired a new stake in Blackstone Mortgage Trust Inc. valued at approximately $2,815,000. CHILTON INVESTMENT CO INC. acquired a new stake in BXMT for approximately $2,364,000. ADAGE CAPITAL PARTNERS GP, L.L.C. purchased a new stake in BXMT valued at around $1,987,000 in the second quarter. In total, there are 445 active investors with 56.00% ownership of the company’s stock.
On Wednesday morning Blackstone Mortgage Trust Inc. (NYSE: BXMT) stock kicked off with the opening price of $18.21. During the past 12 months, Blackstone Mortgage Trust Inc. has had a low of $16.60 and a high of $31.46. The fifty day moving average price for BXMT is $17.66 and a two-hundred day moving average price translates $22.79 for the stock.
The latest earnings results from Blackstone Mortgage Trust Inc. (NYSE: BXMT) was released for Mar, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.79, beating analysts’ expectations of $0.73 by 0.06. This compares to $0.58 EPS in the same period last year. The net profit margin was 16.70% and return on equity was 5.80% for BXMT. The company reported revenue of $491.38 million for the quarter, compared to $234.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 109.61 percent. For the current quarter, analysts expect BXMT to generate $170.2M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/14/2023. Investors who held shares on 03/31/2023 were paid a $0.62 dividend. On an annualized basis, this represents a $2.48 dividend and a 13.73% percent yield. There was an ex-dividend date of 03/30/2023 for this dividend. In terms of dividend payout ratio, BXMT is presently at 159.40%.
Blackstone Mortgage Trust Inc.(BXMT) 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, together with its subsidiaries, originates and acquires commercial mortgage loans and related investments. It operates as a real estate investment trust for federal income tax purposes. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was incorporated in 1998 and is headquartered in New York, New York.
