Blackstone Mortgage Trust Announces $0.47 Quarterly Dividend, Maintains Forward Yield at 9.63%

Blackstone Mortgage Trust has declared a quarterly dividend of $0.47 per share, in line with previous declarations. The forward yield is 9.63%. The dividend will be payable on October 15 and is ex-dividend on September 30.

Blackstone Mortgage Trust (NYSE: BXMT) has announced a quarterly dividend of $0.47 per share, in line with its previous declarations. This dividend represents a forward yield of 9.63% and will be payable on October 15. The ex-dividend date is September 30.

The dividend announcement follows a period of strong investment activity for the company, which has seen its distributable earnings edge up. Despite the recent dividend declaration, the company's payout ratio remains at -2,685.71%, indicating a significant amount of earnings being distributed to shareholders Blackstone Mortgage Trust declares $0.47 dividend^[1].

The dividend has been well-received by institutional investors and hedge funds. Rhumbline Advisers, for instance, has lowered its stake in BXMT by 4.4% in the first quarter, while MetLife Investment Management LLC and Millennium Management LLC have significantly increased their holdings in the stock Rhumbline Advisers Has $10.27 Million Stock Holdings in Blackstone Mortgage Trust, Inc. $BXMT^[2].

Analysts have provided mixed ratings for the company. Keefe, Bruyette & Woods has reduced its price objective to $19.50 and set a "market perform" rating, while UBS Group has boosted its price target to $20.00 with a "neutral" rating. Overall, the consensus rating for BXMT is "Hold" with a target price of $20.00 Rhumbline Advisers Has $10.27 Million Stock Holdings in Blackstone Mortgage Trust, Inc. $BXMT^[2].

Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company's recent performance and dividend declaration suggest that it remains a attractive option for income-focused investors, despite the current market conditions.