E Daily Stock Pick: Blackstone Mortgage

I'm now looking for a second real estate sector representative for my new Ivy portfolio.

That real estate sector includes nine industries all related to real property ownership. Like: general real estate; Real Estate services; and seven varieties of real estate investment trusts, or REITs.

Today I'm reviewing a mid-cap diversified REIT, named Blacktone Mortgage Trust Inc. Its trading ticker symbol is BXMT. (Sounds like a bicycle race).

Blackstone Mortgage Trust Inc is a real estate company. It originates and purchases senior mortgage loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was founded in 1966 and is headquartered in New York, New York.

I use three key data points to gauge the value of any dividend equity like Blackstone Mortgage Trust Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest. Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

BXMT Price

Blackstone's price per share closed at $32.43 yesterday. A year ago its price was $31.64. So price rose $0.79 per share last year, or 2.5%. Assuming Blackstone's stock trades in the range of $30 to $40 next year, Blackstone's recent $32.43 price could move up by $1.07 and grow to $33.50 by early-January, 2020.

BXMT Dividends

Blackstone's most recent quarterly dividend was $0.62 declared December 13th and payable, January 15th. That $0.62 quarterly stipend equals an annual payout of $2.48 yielding 7.65% at yesterday's $32.43 closing price.

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This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, recommendation ...

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