Shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) have been given a consensus rating of “Hold” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $33.33.

BXMT has been the topic of several analyst reports. JPMorgan Chase & Co. downgraded shares of Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a report on Tuesday, February 6th. Zacks Investment Research downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating and issued a $33.00 target price on shares of Blackstone Mortgage Trust in a report on Friday, December 1st. Wells Fargo & Co initiated coverage on shares of Blackstone Mortgage Trust in a report on Wednesday, December 6th. They issued an “outperform” rating on the stock. Finally, FBR & Co lifted their target price on shares of Blackstone Mortgage Trust from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 26th.

Blackstone Mortgage Trust (BXMT) opened at $30.09 on Tuesday. The company has a market cap of $3,151.95, a price-to-earnings ratio of 13.37 and a beta of 0.59. Blackstone Mortgage Trust has a one year low of $29.51 and a one year high of $33.08.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 8.24%. The ex-dividend date was Thursday, December 28th. Blackstone Mortgage Trust’s payout ratio is 110.22%.

Several large investors have recently modified their holdings of BXMT. MCF Advisors LLC purchased a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at about $103,000. Ffcm LLC boosted its holdings in Blackstone Mortgage Trust by 151.5% during the fourth quarter. Ffcm LLC now owns 4,656 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 2,805 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Blackstone Mortgage Trust by 56.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,829 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 1,745 shares in the last quarter. First Allied Advisory Services Inc. purchased a new stake in Blackstone Mortgage Trust during the fourth quarter worth about $200,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Blackstone Mortgage Trust during the third quarter worth about $203,000. 54.21% of the stock is currently owned by institutional investors and hedge funds.

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About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.

Analyst Recommendations for Blackstone Mortgage Trust (NYSE:BXMT)

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