BXMT icon

Blackstone Mortgage Trust

20.33 USD
+0.46
2.32%
At close Feb 14, 4:00 PM EST
After hours
20.19
-0.14
0.69%
1 day
2.32%
5 days
8.72%
1 month
13.39%
3 months
11.89%
6 months
16.64%
Year to date
14.41%
1 year
5.83%
5 years
-49.21%
10 years
-29.87%
 

About: Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.

Employees: 29

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 3 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

19% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 42

5% more capital invested

Capital invested by funds: $1.98B [Q2] → $2.08B (+$108M) [Q3]

2% more funds holding

Funds holding: 315 [Q2] → 320 (+5) [Q3]

1.9% less ownership

Funds ownership: 64.94% [Q2] → 63.04% (-1.9%) [Q3]

16% less repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 116

58% less call options, than puts

Call options by funds: $44.6M | Put options by funds: $106M

67% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 1 (-2) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$17.50
14%
downside
Avg. target
$19
7%
downside
High target
$20
2%
downside

3 analyst ratings

positive
33%
neutral
67%
negative
0%
Keefe, Bruyette & Woods
Jade Rahmani
47% 1-year accuracy
16 / 34 met price target
4%downside
$19.50
Market Perform
Maintained
13 Feb 2025
JP Morgan
Richard Shane
70% 1-year accuracy
44 / 63 met price target
14%downside
$17.50
Neutral
Maintained
21 Jan 2025
Wolfe Research
Keegan Carl
67% 1-year accuracy
2 / 3 met price target
2%downside
$20
Outperform
Upgraded
11 Dec 2024

Financial journalist opinion

Based on 9 articles about BXMT published over the past 30 days

Neutral
Seeking Alpha
1 day ago
Inflation Isn't Dead Yet
US equity markets flirted with fresh record-highs this week while benchmark interest rates hovered around two-month lows as investors weighed positive earnings news against uncomfortable hot inflation data. Complicating the policy outlook for the Federal Reserve, CPI data showed the fastest monthly rise in consumer prices since August, prompting a pledge from Powell for "more work to do." Snapping a two-week losing streak, the S&P 500 rebounded by 1.5%, closing fractionally below its prior record-high set in late January. The tech-heavy Nasdaq 100 rallied nearly 3%.
Inflation Isn't Dead Yet
Neutral
Seeking Alpha
5 days ago
Blackstone Mortgage Trust (BXMT) Q4 2024 Earnings Call Transcript
Blackstone Mortgage Trust (NYSE:BXMT ) Q4 2024 Earnings Conference Call February 12, 2024 9:00 AM ET Company Participants Tim Hayes - VP, Shareholder Relations Katie Keenan - CEO Anthony Marone - CFO Austin Peña - EVP, Investments Conference Call Participants Stephen Laws - Raymond James Steven Delaney - Citizens JMP Securities Tom Catherwood - BTIG Doug Harter - UBS Jade Rahmani - KBW Harsh Hemnani - Green Street Don Fandetti - Wells Fargo Rick Shane - JPMorgan Operator Good day and welcome to the Blackstone Mortgage Trust Fourth Quarter and Full Year 2024 Investor Call. Today's conference is being recorded.
Blackstone Mortgage Trust (BXMT) Q4 2024 Earnings Call Transcript
Positive
Zacks Investment Research
5 days ago
Blackstone Mortgage Trust (BXMT) Tops Q4 Earnings Estimates
Blackstone Mortgage Trust (BXMT) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of a loss of $0.32 per share. This compares to earnings of $0.69 per share a year ago.
Blackstone Mortgage Trust (BXMT) Tops Q4 Earnings Estimates
Neutral
Business Wire
5 days ago
Blackstone Mortgage Trust Reports Fourth-Quarter and Full-Year 2024 Results
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its fourth-quarter and full-year 2024 results. The net loss attributable to Blackstone Mortgage Trust for the year was $204 million. Full year EPS, Distributable EPS, Distributable EPS prior to charge-offs, and dividends paid per basic share were $(1.17), $(0.03), $2.15, and $2.18 respectively. Katie Keenan, Chief Executive Officer, said, “This quarter marked a meaningful positive inflection point for BXMT, w.
Blackstone Mortgage Trust Reports Fourth-Quarter and Full-Year 2024 Results
Positive
Seeking Alpha
6 days ago
Tariff Turmoil? 2 Cheap, High-Yielding Stocks To Help Battle Inflation
President Trump's tariffs on Mexico, Canada, and China created market volatility, presenting buying opportunities for long-term dividend investors in solid income-paying stocks. Verizon offers a near 7% yield, strong dividend coverage, and potential upside due to debt reduction and attractive valuation under $40 per share. Starwood Property Trust provides a stable 10.1% yield, resilient performance despite headwinds, and benefits from declining interest rates, making it a reliable income investment.
Tariff Turmoil? 2 Cheap, High-Yielding Stocks To Help Battle Inflation
Neutral
Business Wire
1 week ago
Blackstone Mortgage Trust Announces Tax Treatment of 2024 Dividends
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced the tax treatment of its 2024 class A common stock dividends. The following table summarizes BXMT's class A common stock dividend payments for the tax year ended December 31, 2024: Box 1a Box 1b Box 2a Box 3 Box 5 Distribution Capital Non- Section Record Payment Cash Allocable Ordinary Qualified Gain Dividend 199A Date Date Distribution to 2024 Dividends Dividends (1) Dividends Distribution Dividends (2) 12/.
Blackstone Mortgage Trust Announces Tax Treatment of 2024 Dividends
Negative
Seeking Alpha
2 weeks ago
Volatility Is Back
US equity markets posted modest declines this week amid a "DeepSeek" tumble, while interest rates declined to six-week lows as markets responded to the pause in the Fed's rate-cutting cycle. The Nasdaq 100 was the center of the action this week, dipping 1.4% on concern over potential competition from Chinese startup DeepSeek, which sparked a sharp sell-off in AI-darlings. Real estate equities were among the stronger performers for a third-straight week, buoyed by easing interest rates and by a relatively solid start to REIT earnings season.
Volatility Is Back
Positive
Seeking Alpha
3 weeks ago
Morning In America
Following the best week since November, U.S. markets posted their best first-week of a Presidential term since 1985 as investors saw business-friendly undertones in the early days of the new administration. Striking an agreeable tone for markets that were wary of the inflationary impacts of trade and fiscal policy, President Trump focused on supply side policies and didn't immediately implement sweeping tariffs. Posting record-highs for the first time since early December, the S&P 500 gained another 1.7% on the week, notching back-to-back weekly gains following a stretch of 4-of-5 weekly losses.
Morning In America
Negative
Seeking Alpha
3 weeks ago
Past Time To Take Gains On These Big Yielders
These shares don't give investors a big enough yield or enough upside. The performance throughout the sector has been great, but occasionally, it's better to just pocket the gains.
Past Time To Take Gains On These Big Yielders
Positive
Seeking Alpha
1 month ago
Blackstone Mortgage: Dividend Yield High But Not Well Positioned For High Interest Rates
BXMT's high dividend yield and seemingly cheap valuation are attractive, but its office-dominated loan book is poorly positioned for the current high interest rate environment. Rising interest rates increase net interest income but also pressure borrowers, leading to defaults and charge-offs, which significantly impact BXMT's distributable earnings. Despite a significant margin of safety due to potential loan recovery rates, bullish catalysts like lower interest rates seem unlikely in the near term.
Blackstone Mortgage: Dividend Yield High But Not Well Positioned For High Interest Rates
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