Blackstone Mortgage Trust Given Average Recommendation of “Buy” by Brokerages (NASDAQ:BXMT)
Blackstone Mortgage Trust (NASDAQ:BXMT) has earned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the stock, Stock Ratings News reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $28.90.
Shares of Blackstone Mortgage Trust (NASDAQ:BXMT) traded down 0.27% on Tuesday, hitting $29.16. 17,203 shares of the company’s stock traded hands. Blackstone Mortgage Trust has a 1-year low of $23.85 and a 1-year high of $30.04. The stock has a 50-day moving average of $29. and a 200-day moving average of $28.40. The company has a market cap of $1.414 billion and a price-to-earnings ratio of 25.69.
Blackstone Mortgage Trust (NASDAQ:BXMT) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.08. Analysts expect that Blackstone Mortgage Trust will post $1.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend is Thursday, June 26th.
Several analysts have recently commented on the stock. 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. Separately, 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.
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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