Blackstone Mortgage Trust (BXMT) Issues Earnings Results, Beats Estimates By $0.02 EPS

Blackstone Mortgage Trust (NYSE:BXMT) released its quarterly earnings data on Monday. The real estate investment trust reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02, Bloomberg Earnings reports. Blackstone Mortgage Trust had a return on equity of 8.47% and a net margin of 53.86%. During the same period in the previous year, the firm earned $0.61 EPS.

Shares of Blackstone Mortgage Trust stock traded down $0.08 during trading hours on Tuesday, reaching $30.56. 768,115 shares of the company were exchanged, compared to its average volume of 889,668. Blackstone Mortgage Trust has a 1 year low of $29.51 and a 1 year high of $33.08. The firm has a market capitalization of $3,316.15, a P/E ratio of 13.23, a P/E/G ratio of 2.55 and a beta of 0.44.

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The business also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date was Wednesday, March 28th. Blackstone Mortgage Trust’s dividend payout ratio is currently 107.36%.

A number of analysts have issued reports on BXMT shares. JPMorgan Chase lowered Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a research report on Tuesday, February 6th. Raymond James started coverage on Blackstone Mortgage Trust in a research report on Tuesday, March 27th. They issued a “market perform” rating on the stock. Zacks Investment Research raised Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Thursday, January 25th. Finally, B. Riley set a $33.00 target price on Blackstone Mortgage Trust and gave the company a “buy” rating in a research report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $33.60.

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About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. 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.

Earnings History for Blackstone Mortgage Trust (NYSE:BXMT)

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