Blackstone Mortgage TrustBXMT
BXMT
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 6,815 funds
–
Analysts bullish %
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
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$18.50
3%
upside
Avg. target
$19.25
7%
upside
High target
$20
12%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Jade Rahmani 41% 1-year accuracy 14 / 34 met price target | 3%upside $18.50 | Market Perform Maintained | 14 Jan 2025 |
Wolfe Research Keegan Carl 33% 1-year accuracy 1 / 3 met price target | 12%upside $20 | Outperform Upgraded | 11 Dec 2024 |
Financial journalist opinion
Based on 3 articles about BXMT published over the past 30 days
Neutral
Business Wire
6 days ago
Blackstone Mortgage Trust Announces Fourth-Quarter and Full-Year 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its fourth-quarter and full-year 2024 earnings presentation on its website at www.bxmt.com and file its Form 10-K pre-market on Wednesday, February 12, 2025. The Company will also host a conference call the same day at 9:00 a.m. ET to review results. To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1703525&tp_key=.
Positive
Seeking Alpha
1 week ago
2 High-Yielding Cash Cows For A Comfortable Retirement
Income investors should consider dividend stocks like Energy Transfer and Ladder Capital for steady cash flow and long-term wealth building. Energy Transfer offers a 6.6% yield, benefits from rising natural gas demand, and has strong financial management, making it an attractive value play. Ladder Capital, yielding 8.2%, carries a diversified, low-leverage loan portfolio and significant liquidity, positioning it well for growth.
Negative
Seeking Alpha
2 weeks ago
Blackstone Mortgage Trust: Pocketed CRE Troubles Are Still Brewing
Blackstone Mortgage Trust, Inc. faces significant challenges due to high distress rates in office, multifamily, and hospitality sectors, which make up 80% of its collateral pool. The office sector remains weak, reaching a 15.5% distress rate, while multifamily has seen a sharp increase in distressed properties, particularly in the Sun Belt. Oversupply in multifamily markets has led to declining performance and halted new construction, posing a substantial risk for BXMT's loan portfolio.
Neutral
Business Wire
1 month ago
Blackstone Mortgage Trust Declares $0.47 Per Share Dividend
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.47 per share of class A common stock with respect to the fourth quarter of 2024. This dividend is payable on January 15, 2025 to stockholders of record as of the close of business on December 31, 2024. About Blackstone Mortgage Trust Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe,.
Neutral
Seeking Alpha
1 month ago
Huge Yields, Brief Notes
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes.
Neutral
Zacks Investment Research
1 month ago
Is the Options Market Predicting a Spike in Blackstone Mortgage (BXMT) Stock?
Investors need to pay close attention to Blackstone Mortgage (BXMT) stock based on the movements in the options market lately.
Neutral
Business Wire
1 month ago
Blackstone Mortgage Trust Announces Pricing of Offering of Senior Secured Notes
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company” or “BXMT”) announced the pricing of a private offering of $450 million in aggregate principal amount of its 7.750% senior secured notes due 2029 (the “Notes”). The Company intends to use the net proceeds of the Notes offering for general corporate purposes, including paying down existing secured indebtedness. The Notes offering is expected to close on December 10, 2024 and is subject to customary closing cond.
Neutral
Business Wire
1 month ago
Blackstone Mortgage Trust Announces Offering of Senior Secured Notes
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company” or “BXMT”) today announced it has commenced a private offering of $450 million in aggregate principal amount of its senior secured notes due 2029 (the “Notes”). The Company intends to use the net proceeds of the Notes offering for general corporate purposes, including paying down existing secured indebtedness. The offering of the Notes and the related guarantees will be made in a private transaction in relian.
Positive
Seeking Alpha
1 month ago
Home For The Holidays
U.S. equity markets rebounded this week as investors weighed a relatively strong slate of housing market data and solid retail earnings against heightened geopolitical volatility in Eastern Europe. Following its worst week in two months, the S&P 500 advanced 1.7% this week - effectively erasing last week's 2% declines and extending its post-election gains to around 5%. Real estate equities - which lagged in two post-election weeks amid a rebound in interest rates - were among the leaders this week following an encouraging slate of REITworld updates.
Positive
Benzinga
1 month ago
Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks With Over 9% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
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