Blackstone Mortgage Trust (BXMT) to Release Earnings on Wednesday

Blackstone Mortgage Trust (NYSE:BXMT) is expected to release its Q1 2025 earnings data before the market opens on Wednesday, April 30th. Analysts expect Blackstone Mortgage Trust to post earnings of $0.29 per share and revenue of $104.69 million for the quarter.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT opened at $19.03 on Tuesday. The firm has a 50 day simple moving average of $19.53 and a 200 day simple moving average of $18.86. The company has a market cap of $3.27 billion, a price-to-earnings ratio of -16.26 and a beta of 1.22. Blackstone Mortgage Trust has a one year low of $16.51 and a one year high of $21.24.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 9.88%. The ex-dividend date of this dividend was Monday, March 31st. Blackstone Mortgage Trust’s payout ratio is currently -160.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Finally, UBS Group dropped their price target on shares of Blackstone Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $20.25.

Insider Buying and Selling

In other news, CEO Katharine A. Keenan sold 2,315 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $20.70, for a total value of $47,920.50. Following the completion of the sale, the chief executive officer now directly owns 246,172 shares of the company’s stock, valued at $5,095,760.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 5,652 shares of company stock valued at $116,971. 0.93% of the stock is owned by company insiders.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.