Blackstone Mortgage Trust (NYSE:BXMT) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.13, MarketWatch Earnings reports. The business had revenue of $107.13 million for the quarter, compared to the consensus estimate of $105.95 million. Blackstone Mortgage Trust had a return on equity of 8.45% and a net margin of 16.38%. During the same quarter in the prior year, the business posted $0.68 earnings per share.

Shares of NYSE BXMT traded down $0.57 during mid-day trading on Friday, hitting $23.62. 22,442 shares of the stock traded hands, compared to its average volume of 1,073,727. Blackstone Mortgage Trust has a twelve month low of $12.67 and a twelve month high of $40.62. The company has a market cap of $3.45 billion, a PE ratio of 26.55 and a beta of 1.26. The firm has a 50 day simple moving average of $23.62 and a two-hundred day simple moving average of $27.42.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 10.50%. The ex-dividend date was Monday, June 29th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 100.81%.

In related news, EVP Douglas N. Armer sold 1,228 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $25.88, for a total transaction of $31,780.64. Following the completion of the transaction, the executive vice president now directly owns 83,700 shares of the company’s stock, valued at approximately $2,166,156. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Katharine A. Keenan sold 2,782 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $24.36, for a total value of $67,769.52. Following the transaction, the president now directly owns 72,558 shares of the company’s stock, valued at $1,767,512.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,066 shares of company stock worth $155,749. 1.00% of the stock is currently owned by company insiders.

A number of equities research analysts recently issued reports on BXMT shares. Credit Suisse Group reduced their price target on Blackstone Mortgage Trust from $37.50 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. ValuEngine raised Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Citigroup raised their target price on Blackstone Mortgage Trust from $13.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, May 15th. JPMorgan Chase & Co. reduced their target price on Blackstone Mortgage Trust from $40.50 to $25.50 and set an “overweight” rating on the stock in a report on Tuesday, April 28th. Finally, Bank of America raised Blackstone Mortgage Trust from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.50.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

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Earnings History for Blackstone Mortgage Trust (NYSE:BXMT)

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