Blackstone Mortgage Trust (BXMT) Receiving Somewhat Positive Press Coverage, Analysis Finds

News articles about Blackstone Mortgage Trust (NYSE:BXMT) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Blackstone Mortgage Trust earned a news impact score of 0.24 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.4438198030852 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Blackstone Mortgage Trust stock opened at $30.80 on Friday. Blackstone Mortgage Trust has a 52-week low of $29.51 and a 52-week high of $33.08. The company has a market capitalization of $3,375.66, a PE ratio of 13.33, a PEG ratio of 2.59 and a beta of 0.44.

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Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Blackstone Mortgage Trust had a net margin of 53.86% and a return on equity of 8.47%. The firm had revenue of $80.17 million for the quarter, compared to the consensus estimate of $77.97 million. research analysts forecast that Blackstone Mortgage Trust will post 2.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date of this dividend was Wednesday, March 28th. Blackstone Mortgage Trust’s payout ratio is currently 107.36%.

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

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Blackstone Mortgage Trust Company Profile

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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