
Blackstone Mortgage Trust, Inc. ( NYSE:BXMT – Get Free Report ) declared a quarterly dividend on Tuesday, December 17th, Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.47 per share by the real estate investment trust on Wednesday, January 15th. This represents a $1.88 annualized dividend and a yield of 10.50%. The ex-dividend date of this dividend is Tuesday, December 31st. Blackstone Mortgage Trust has raised its dividend payment by an average of 6.4% per year over the last three years. Blackstone Mortgage Trust has a dividend payout ratio of 125.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Blackstone Mortgage Trust to earn $1.65 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 113.9%. Blackstone Mortgage Trust Stock Performance Shares of BXMT opened at $17.91 on Friday. Blackstone Mortgage Trust has a 52-week low of $16.53 and a 52-week high of $22.16. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of -12.88 and a beta of 1.50. The business’s fifty day moving average is $18.62 and its 200-day moving average is $18.38. Analysts Set New Price Targets Read Our Latest Research Report on BXMT About Blackstone Mortgage Trust ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Blackstone Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter .Raiders find winning formula again in topping Saints
Asian shares have edged lower as high Treasury yields challenged lofty Wall Street equity valuations while underpinning the US dollar near multi-month peaks. Volumes were light with the New Year holiday looming and a rather bare data diary this week. China has the PMI factory surveys out on Tuesday, while the US ISM survey for December is due on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 per cent, but is still 16 per cent higher for the year. Japan's Nikkei eased 0.2 per cent, but is sitting on gains of 20 per cent for 2024. South Korea's main index has not been so fortunate, having run into a storm of political uncertainty in recent weeks, and is saddled with losses of more than 9 per cent for the year. It was last off 0.35 per cent. S&P 500 futures and Nasdaq futures were both off 0.1 per cent. Wall Street suffered a broad-based sell off on Friday with no obvious trigger, though volumes were just two-thirds of the daily average. The S&P 500 is still up 25 per cent for the year and the Nasdaq 31 per cent, which is stretching valuations when compared to the risk-free return of Treasuries. Investors are counting on earnings per share growth of just over 10 per cent in 2025, versus a 12.47 per cent expected rise in 2024, according to LSEG data. Yet yields on 10-year Treasuries are near eight-month highs at 4.631 per cent and ending the year around 75 basis points above where they started it, even though the Fed delivered 100 basis points of cuts to cash rates. "The continued rise in bond yields, driven by the reassessment of less restrictive monetary policy expectations, creates some concern," said Quasar Elizundia, a research strategist at broker Pepperstone. "The possibility that the Fed may keep restrictive monetary policy for longer than expected could temper corporate earnings growth expectations for 2025, which could in turn influence investment decisions." Bond investors may also be wary of burgeoning supply as President-elect Donald Trump is promising tax cuts with few concrete proposals for restraining the budget deficit. Trump is expected to release at least 25 executive orders when he takes office on January 20, covering a range of issues from immigration to energy and crypto policy. Widening interest rate differentials have kept the US dollar in demand, giving it gains of 6.5 per cent for the year on a basket of major currencies. The euro has lost more than 5 per cent on the dollar so far in 2024 to last stand at $1.0429, not far from its recent two-year trough of $1.0344. The dollar held near a five-month top on the yen at 157.71 , with only the risk of Japanese intervention preventing another test of the 160.00 barrier. The strength of the dollar has been something of a burden for gold prices, though the metal is still 28 per cent higher for the year so far at $2,624 an ounce. Oil has had a tougher year as concerns about demand, particularly from China, kept a lid on prices and forced OPEC+ to repeatedly extend a deal to limit supplies. Brent fell 37 cents to $73.80 a barrel, while US crude lost 17 cents to $70.43 per barrel.Nobel prize winner Jimmy Carter’s push for peace ‘set a powerful model’ for ex-presidents despite brutal political blows'This role challenged me in ways I never expected': Jana McKinnon shines in Black Snow Season 2
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Joe Rogan and Elon Musk (Picture credit: Agencies) In a humorous exchange between Tesla CEO Elon Musk and podcaster Joe Rogan on the social media platform X, Rogan joked that if Musk buys MSNBC , he would start liking the channel's host, Rachel Maddow , and wear a similar outfit and glasses to hers. Musk jokingly agreed with Rogan saying, "deal." On Saturday, Joe Rogan commented on a tweet by Musk, which read, "The most entertaining outcome, especially if ironic, is most likely," regarding the idea of purchasing MSNBC. "If you buy MSNBC, I would like Rachel Maddow’s job. I will wear the same outfit and glasses, and I will tell the same lies," Rogan told Musk in the comment section. The SpaceX founder then replied to Rogan’s comment with a laughing emoji and said, "deal." Earlier, Donald Trump Jr suggested Musk buy MSNBC, sharing a post about telecommunications company Comcast putting the channel up for sale on X. "Hey @elonmusk, I have the funniest idea ever!!!" Donald Trump Jr posted. "How much does it cost?" Musk replied. Trump's son then responded, "I mean, it can't be much. Look at the ratings." Comcast recently announced plans to spin off several cable networks, including MSNBC and E!, due to declining ratings. The company will create a new, publicly traded entity from several of its cable networks, such as MSNBC, E!, CNBC, USA, Oxygen, SYFY, and the Golf Channel. Comcast will focus on its remaining brands, including NBC and Bravo. "When you look at our assets, talented management team, and balance sheet strength, we are able to set these businesses up for future growth," said Brian L Roberts, chairman and CEO of Comcast.Albany scores 24 4th-quarter points to overtake Hampton 41-34Sisters slam 'victim blaming' police culture after WA woman's murder
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British Columbia Premier David Eby says Canada’s premiers and the federal government have hatched a game plan over possible U.S. tariffs, where Conservative premiers lobby their Republican counterparts and left-leaning leaders court the Democrats, while the federal government focuses on president-elect Donald Trump. Eby says the premiers and Prime Minister Justin Trudeau talked about using their political diversity and connections to approach politicians and business leaders in the United States, as talks over Trump’s proposed 25 per cent tariff on imports from Canada and Mexico ramp up. He says it has been discussed that Conservative premiers Danielle Smith in Alberta, Doug Ford in Ontario and Nova Scotia’s Tim Houston are well-placed to lobby their contacts with Republican governors and business leaders. In a year-end interview, Eby says as a New Democrat leader he will likely have more in common speaking with Democrat governors and business leaders from the West Coast states. He says Canada’s diversity of representation, ranging from the right and left sides of the political spectrum, can bring leverage and advantages in tariff talks. Eby also says — if it is deemed helpful — he is prepared to appear on American’s right-leaning Fox News TV network as did premiers Ford and Smith."If There Was No Violence...": Manipur Social Worker's YouTube Video ViralPresident-elect Trump was named Time magazine’s Person of the Year for a second time on Thursday and he celebrated by ringing the opening bell at the New York Stock Exchange. Trump, who was previously honored by Time after his 2016 White House victory, called the second win “a tremendous honor.” “Time Magazine, getting this honor for the second time, I think I like it better this time actually,” he said before ringing the bell on Wall Street. Trump signaled the importance he places on the NYSE appearance by enlisting Vice President-elect JD Vance, First Lady Melania Trump and his daughter, Ivanka, to join him. He name-checked some of the Wall Street heavyweights in his incoming administration, including Treasury Secretary-nominee Scott Bessent along with his new pledge the federal government will issue expedited permits, including environmental approvals, for projects and construction worth more than $1 billion. “I think we’re going to have a tremendous run. We have to straighten out some problems, some big problems in the world,” he said. Time editor-in-chief Sam Jacobs said Trump was someone who “for better or for worse, had the most influence on the news in 2024.” “This is someone who made an historic comeback, who reshaped the American presidency and who’s reordering American politics,” Jacobs said. “It’s hard to argue with the fact that the person who’s moving into the Oval Office is the most influential person in news.” Trump is one of 13 people, mostly American presidents, to win the honor twice since it was launched in 1927. Former President Franklin Delano Roosevelt is the only one to be named person of the year three times. Other 2024 finalists included billionaire Elon Musk, Vice President Kamala Harris, Israeli Prime Minister Benjamin Netanyahu and Britain’s Princess Kate. Pop star Taylor Swift won last year. In an interview with Time that was published Thursday, Trump said his historic White House comeback reflected the deep anger among Americans over the direction of the nation. “We hit the nerve of the country,” Trump said. “The country was angry.” Trump also re-upped his plan to pardon most of his extremist supporters who were convicted of storming the U.S. Capitol on Jan. 6, 2021. It’s going to start in the first hour,” he said of the pardons. “Maybe the first nine minutes.” The incoming president also discussed his plans for mass deportations and argued he would have the authority to use the military to assist, although legal experts dispute that claim. “I’ll only do what the law allows,” he said. “But I will go up to the maximum level of what the law allows.” ___ ©2024 New York Daily News. Visit at nydailynews.com . Distributed by Tribune Content Agency, LLC.