Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Free Report) announced a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.47 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Tuesday, June 30th.
Blackstone Mortgage Trust has decreased its dividend by an average of 0.1%per year over the last three years. Blackstone Mortgage Trust has a dividend payout ratio of 104.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Blackstone Mortgage Trust to earn $1.76 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 106.8%.
Blackstone Mortgage Trust Stock Performance
Shares of BXMT opened at $18.10 on Tuesday. The stock has a 50-day moving average of $18.84 and a two-hundred day moving average of $19.23. Blackstone Mortgage Trust has a one year low of $17.67 and a one year high of $20.67. The stock has a market cap of $3.05 billion, a P/E ratio of 29.67 and a beta of 0.89.
Insider Activity
Hedge Funds Weigh In On Blackstone Mortgage Trust
Several institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Blackstone Mortgage Trust in the 4th quarter worth about $38,239,000. Bamco Inc. NY raised its holdings in Blackstone Mortgage Trust by 1,498.1% in the 2nd quarter. Bamco Inc. NY now owns 1,594,613 shares of the real estate investment trust’s stock worth $30,696,000 after purchasing an additional 1,494,830 shares during the period. UBS Group AG raised its holdings in Blackstone Mortgage Trust by 24.4% in the 3rd quarter. UBS Group AG now owns 3,082,005 shares of the real estate investment trust’s stock worth $56,740,000 after purchasing an additional 603,588 shares during the period. Invesco Ltd. raised its holdings in Blackstone Mortgage Trust by 70.8% in the 3rd quarter. Invesco Ltd. now owns 1,077,590 shares of the real estate investment trust’s stock worth $19,838,000 after purchasing an additional 446,838 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Blackstone Mortgage Trust in the 4th quarter worth about $7,733,000. Institutional investors and hedge funds own 64.15% of the company’s stock.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.
The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.
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