News coverage about Blackstone Mortgage Trust (NYSE:BXMT) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Blackstone Mortgage Trust earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.40897197076 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
Blackstone Mortgage Trust (BXMT) traded down $0.01 during trading on Thursday, hitting $30.99. The company had a trading volume of 698,710 shares, compared to its average volume of 872,641. Blackstone Mortgage Trust has a 12-month low of $29.76 and a 12-month high of $33.08. The firm has a market capitalization of $3,290.00, a P/E ratio of 13.77 and a beta of 0.66.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date of this dividend was Thursday, December 28th. Blackstone Mortgage Trust’s payout ratio is presently 110.22%.
A number of research firms recently commented on BXMT. Zacks Investment Research raised Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Thursday, January 25th. FBR & Co lifted their target price on Blackstone Mortgage Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. B. Riley reaffirmed a “buy” rating and set a $33.00 target price on shares of Blackstone Mortgage Trust in a report on Friday, December 1st. Keefe, Bruyette & Woods downgraded Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, December 7th. Finally, Wells Fargo & Co began coverage on Blackstone Mortgage Trust in a report on Wednesday, December 6th. They set an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.60.
In other Blackstone Mortgage Trust news, Treasurer Douglas N. Armer sold 3,658 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $31.86, for a total value of $116,543.88. Following the completion of the transaction, the treasurer now directly owns 49,561 shares of the company’s stock, valued at $1,579,013.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Anthony F. Marone, Jr. sold 1,070 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $31.95, for a total value of $34,186.50. Following the completion of the transaction, the chief financial officer now directly owns 15,504 shares of the company’s stock, valued at $495,352.80. The disclosure for this sale can be found here. Insiders sold 5,646 shares of company stock valued at $180,350 over the last three months. 0.91% of the stock is currently owned by corporate insiders.
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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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