Blackstone Mortgage Trust, Inc. (BXMT) to Issue Quarterly Dividend of $0.47 on January 15th

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) declared a quarterly dividend on Monday, December 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.47 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Wednesday, December 31st.

Blackstone Mortgage Trust has decreased its dividend by an average of 0.0%per year over the last three years. Blackstone Mortgage Trust has a dividend payout ratio of 104.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE BXMT opened at $19.82 on Monday. Blackstone Mortgage Trust has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The stock has a market cap of $3.32 billion, a PE ratio of 31.96 and a beta of 1.08. The stock has a fifty day moving average of $19.12 and a 200-day moving average of $19.16.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $132.71 million during the quarter, compared to the consensus estimate of $103.56 million. Blackstone Mortgage Trust had a return on equity of 4.06% and a net margin of 7.53%. On average, sell-side analysts predict that Blackstone Mortgage Trust will post 1.65 EPS for the current year.

Institutional Trading of Blackstone Mortgage Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP increased its stake in Blackstone Mortgage Trust by 15.6% in the third quarter. Allworth Financial LP now owns 44,560 shares of the real estate investment trust’s stock valued at $820,000 after acquiring an additional 6,001 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth about $319,000. Advisory Services Network LLC purchased a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth about $46,000. NewEdge Advisors LLC increased its position in shares of Blackstone Mortgage Trust by 4.3% during the 3rd quarter. NewEdge Advisors LLC now owns 317,200 shares of the real estate investment trust’s stock valued at $5,840,000 after purchasing an additional 13,178 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in shares of Blackstone Mortgage Trust by 15.8% during the 3rd quarter. Verition Fund Management LLC now owns 182,381 shares of the real estate investment trust’s stock valued at $3,358,000 after buying an additional 24,926 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.