Blackstone Mortgage Trust (BXMT) Set to Announce Quarterly Earnings on Wednesday

Blackstone Mortgage Trust (NYSE:BXMTGet Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Blackstone Mortgage Trust Stock Up 1.9 %

BXMT stock opened at $19.11 on Tuesday. The company’s 50-day simple moving average is $21.10 and its 200-day simple moving average is $21.54. Blackstone Mortgage Trust has a 52-week low of $16.60 and a 52-week high of $23.82. The firm has a market cap of $3.29 billion, a P/E ratio of 16.76 and a beta of 1.43.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a dividend of $0.62 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.48 annualized dividend and a dividend yield of 12.98%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 217.54%.

Analyst Ratings Changes

Separately, UBS Group initiated coverage on shares of Blackstone Mortgage Trust in a research report on Wednesday, December 6th. They set a “neutral” rating and a $23.50 price target for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.70.

Read Our Latest Stock Analysis on Blackstone Mortgage Trust

Insider Buying and Selling at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,279 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.14, for a total transaction of $50,457.06. Following the completion of the transaction, the chief executive officer now owns 148,005 shares of the company’s stock, valued at approximately $3,276,830.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,279 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.14, for a total value of $50,457.06. Following the completion of the transaction, the chief executive officer now owns 148,005 shares of the company’s stock, valued at approximately $3,276,830.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Katharine A. Keenan sold 1,159 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $22.54, for a total transaction of $26,123.86. Following the completion of the transaction, the chief executive officer now directly owns 146,846 shares of the company’s stock, valued at approximately $3,309,908.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,104 shares of company stock worth $155,387. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Coppell Advisory Solutions LLC purchased a new stake in shares of Blackstone Mortgage Trust in the second quarter valued at about $29,000. Chilton Capital Management LLC purchased a new stake in Blackstone Mortgage Trust during the first quarter worth about $36,000. Money Concepts Capital Corp boosted its holdings in Blackstone Mortgage Trust by 1,206.3% during the fourth quarter. Money Concepts Capital Corp now owns 3,958 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 3,655 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in Blackstone Mortgage Trust during the fourth quarter worth about $88,000. Finally, Belpointe Asset Management LLC boosted its holdings in Blackstone Mortgage Trust by 616.5% during the first quarter. Belpointe Asset Management LLC now owns 4,378 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 3,767 shares in the last quarter. 52.89% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Company Profile

(Get Free Report)

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company, together with its subsidiaries, originates and acquires commercial mortgage loans and related investments. It operates as a real estate investment trust for federal income tax purposes.

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Earnings History for Blackstone Mortgage Trust (NYSE:BXMT)

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