Blackstone Mortgage Trust Inc Announces Quarterly Dividend of $0.27 (BXMT)
Blackstone Mortgage Trust (NASDAQ:BXMT) declared a quarterly dividend on Tuesday, September 10th, AnalystRatingsNetwork reports. Shareholders of record on Monday, September 30th will be given a dividend of $0.27 per share on Tuesday, October 15th. This represents a $1.08 dividend on an annualized basis and a yield of 4.22%.
Several analysts have recently commented on the stock. Analysts at JMP Securities initiated coverage on shares of Blackstone Mortgage Trust (NASDAQ:BXMT) in a research note to investors on Tuesday. They set an “outperform” rating and a $27.50 price target on the stock. On the ratings front, analysts at Citigroup Inc. raised their price target on shares of Blackstone Mortgage Trust (NASDAQ:BXMT) to $27.00 in a research note to investors on Friday, August 2nd. Finally, analysts at Wells Fargo & Co. upgraded shares of Blackstone Mortgage Trust (NASDAQ:BXMT) from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, August 1st.
Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.47.
Blackstone Mortgage Trust (NASDAQ:BXMT) opened at 25.61 on Wednesday. Blackstone Mortgage Trust has a 52-week low of $16.90 and a 52-week high of $258.90. The stock has a 50-day moving average of $25.53 and a 200-day moving average of $46.35. The company has a market cap of $737.6 million and a price-to-earnings ratio of 1.17.
Blackstone Mortgage Trust (NASDAQ:BXMT) last released its earnings data on Wednesday, July 31st. The company reported $0.22 earnings per share (EPS) for the quarter. Analysts expect that Blackstone Mortgage Trust will post $0.96 EPS for the current fiscal year.
Blackstone Mortgage Trust, Inc, formerly Capital Trust, Inc is a self-managed, real estate finance and investment management company that specializes in credit sensitive financial products.
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