Blackstone Mortgage Trust (BXMT) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Mortgage Trust in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BXMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BXMT, but not buy additional shares or sell existing shares.
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6 Wall Street research analysts have issued 12-month price objectives for Blackstone Mortgage Trust's stock. Their BXMT share price targets range from $18.50 to $24.00. On average, they expect the company's stock price to reach $21.17 in the next year. This suggests a possible upside of 17.9% from the stock's current price.
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Blackstone Mortgage Trust's stock was trading at $21.27 at the start of the year. Since then, BXMT shares have decreased by 15.6% and is now trading at $17.96.
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Blackstone Mortgage Trust saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 26,810,000 shares, an increase of 6.4% from the March 15th total of 25,190,000 shares. Based on an average daily volume of 2,100,000 shares, the short-interest ratio is currently 12.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
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Blackstone Mortgage Trust will be holding an earnings conference call on Wednesday, April 24th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) issued its quarterly earnings results on Wednesday, October, 26th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Blackstone Mortgage Trust had a net margin of 12.10% and a trailing twelve-month return on equity of 11.01%. During the same quarter in the prior year, the company earned $0.57 earnings per share.

Blackstone Mortgage Trust announced a quarterly dividend on Friday, March 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.62 per share on Monday, April 15th. This represents a $2.48 dividend on an annualized basis and a yield of 13.81%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for BXMT.

Blackstone Mortgage Trust (NYSE:BXMT) pays an annual dividend of $2.48 per share and currently has a dividend yield of 13.30%. BXMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 175.89%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BXMT will have a dividend payout ratio of 107.83% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BXMT.

ETFs with the largest weight of Blackstone Mortgage Trust (NYSE:BXMT) stock in their portfolio include VanEck Mortgage REIT Income ETF (MORT), iShares Mortgage Real Estate ETF (REM), Global X SuperDividend REIT ETF (SRET), WisdomTree Alternative Income Fund (HYIN), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Hoya Capital High Dividend Yield ETF (RIET), Invesco S&P SmallCap Financials ETF (PSCF) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackstone Mortgage Trust investors own include AT&T (T), Blackstone (BX), New Residential Investment (NRZ), Exxon Mobil (XOM), Energy Transfer (ET), Endologix (ELGX), Enterprise Products Partners (EPD), Omega Healthcare Investors (OHI), Starwood Property Trust (STWD) and Ares Capital (ARCC).

Blackstone Mortgage Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include MADDEN SECURITIES Corp (0.13%), Wealth Enhancement Advisory Services LLC (0.02%), True North Advisors LLC (0.01%), Future Financial Wealth Managment LLC (0.00%), Westend Capital Management LLC (0.00%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Anthony F Marone Jr, Anthony F Marone, Jr, Douglas N Armer, Douglas N Armer, Henry N Nassau, Jonathan Lee Pollack, Katharine A Keenan, Katharine A Keenan, Leonard W Cotton and Michael B Nash.
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Shares of BXMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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