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

Blackstone Mortgage Trust (NYSE:BXMT) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Trading Up 0.3 %

BXMT opened at $19.00 on Wednesday. The business’s 50 day moving average is $18.20 and its 200-day moving average is $18.35. The stock has a market cap of $3.29 billion, a PE ratio of -13.67 and a beta of 1.50. Blackstone Mortgage Trust has a twelve month low of $16.53 and a twelve month high of $20.73.

Blackstone Mortgage Trust Announces Dividend

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

Wall Street Analyst Weigh In

BXMT has been the topic of a number of research reports. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price objective on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research note 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 for the company in a research note on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.