Blackstone Mortgage Trust, Inc. (BXMT) To Go Ex-Dividend on June 30th

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) declared a quarterly dividend on Monday, June 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.47 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Tuesday, June 30th.

Blackstone Mortgage Trust has decreased its dividend by an average of 0.1%annually over the last three years. Blackstone Mortgage Trust has a 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. Equities research analysts expect Blackstone Mortgage Trust to earn $1.76 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 106.8%.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT opened at $17.41 on Friday. The firm has a fifty day moving average of $18.58 and a 200-day moving average of $19.12. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 28.54 and a beta of 0.89. Blackstone Mortgage Trust has a 1 year low of $17.11 and a 1 year high of $20.67.

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.