News articles about Blackstone Mortgage Trust (NYSE:BXMT) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackstone Mortgage Trust earned a news impact score of 0.17 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.8294125496429 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
BXMT has been the topic of several recent analyst reports. Zacks Investment Research upgraded Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Thursday, January 25th. Wells Fargo initiated coverage on Blackstone Mortgage Trust in a research note on Wednesday, December 6th. They issued an “outperform” rating on the stock. Keefe, Bruyette & Woods cut Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. cut Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 6th. Finally, B. Riley set a $33.00 price target on Blackstone Mortgage Trust and gave the stock a “buy” rating in a research note on Thursday, February 15th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Blackstone Mortgage Trust has an average rating of “Buy” and a consensus target price of $33.60.
Shares of BXMT stock opened at $31.84 on Wednesday. Blackstone Mortgage Trust has a one year low of $29.51 and a one year high of $33.08. The stock has a market capitalization of $3,441.65, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.57.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 7.79%. The ex-dividend date is Wednesday, March 28th. Blackstone Mortgage Trust’s payout ratio is currently 109.25%.
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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.
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