Blackstone Mortgage Trust Inc Declares Quarterly Dividend of $0.48 (BXMT)
Blackstone Mortgage Trust (NASDAQ:BXMT) announced a quarterly dividend on Friday, June 13th, StockRatingsNetwork reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.48 per share on Tuesday, July 15th. This represents a $1.92 annualized dividend and a dividend yield of 6.58%.
A number of research firms have recently commented on BXMT. Analysts at Zacks downgraded shares of Blackstone Mortgage Trust from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 3rd. They now have a $28.10 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of Blackstone Mortgage Trust in a research note on Wednesday, April 30th. They now have a $31.50 price target on the stock. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of Blackstone Mortgage Trust in a research note on Thursday, April 3rd. They now have a $30.00 price target on the stock, down previously from $32.00. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Blackstone Mortgage Trust currently has a consensus rating of “Buy” and an average target price of $28.90.
Shares of Blackstone Mortgage Trust (NASDAQ:BXMT) traded down 0.41% during mid-day trading on Friday, hitting $29.17. The stock had a trading volume of 287,466 shares. Blackstone Mortgage Trust has a 1-year low of $23.28 and a 1-year high of $30.04. The stock’s 50-day moving average is $29.07 and its 200-day moving average is $28.22. The company has a market cap of $1.414 billion and a P/E ratio of 25.74.
Blackstone Mortgage Trust (NASDAQ:BXMT) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.08. Analysts expect that Blackstone Mortgage Trust will post $1.94 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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