Blackstone Mortgage Trust, Inc. (BXMT) To Go Ex-Dividend on March 31st

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) announced a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.47 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Tuesday, March 31st.

Blackstone Mortgage Trust has decreased its dividend payment 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.

Blackstone Mortgage Trust Trading Down 1.7%

NYSE BXMT opened at $18.87 on Friday. The stock has a fifty day simple moving average of $19.28 and a 200-day simple moving average of $19.13. The stock has a market cap of $3.18 billion, a PE ratio of 29.03 and a beta of 1.06. Blackstone Mortgage Trust has a twelve month low of $16.51 and a twelve month high of $20.67.

Analyst Ratings Changes

Several brokerages have weighed in on BXMT. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a research note on Monday, December 29th. Keefe, Bruyette & Woods lifted their target price on shares of Blackstone Mortgage Trust from $21.00 to $21.50 and gave the company an “outperform” rating in a report on Thursday, February 12th. Zacks Research raised Blackstone Mortgage Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. JPMorgan Chase & Co. upped their price target on Blackstone Mortgage Trust from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Blackstone Mortgage Trust in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.13.

Blackstone Mortgage Trust Company Profile

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.