Blackstone Mortgage 7.9% Dividend Yield Is Not Good Enough [Seeking Alpha]
Blackstone Mortgage Trust, Inc. (BXMT)
Last blackstone mortgage trust, inc. earnings: 4/29 04:01 pm
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US:NYSE Investor Relations:
ir.blackstonemortgagetrust.com/shareholders/default.aspx
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Source: Seeking Alpha
Summary Blackstone Mortgage Trust ( BXMT ) is a pretty solid mortgage REIT. Investors really like the space they are in which is CRE loans. I have a mildly bearish outlook but only because of the current price and if it dipped a bit I would become neutral. Issuing new shares BXMT trades around 117% of trailing book value. When they report their 2 nd quarter figures I would not be surprised if book value per shares is up slightly because credit sensitive assets have done quite well over the last 100ish days. They should issue new stock soon because they trade at a material premium: It is in the external manager’s best interest because it would materially increase the amount of management fees the mortgage REIT is paying. It is in the common shareholders' interest because it would increase book value per share. It would give the management more equity to be able to leverage into creating new loans. New stock would not only increase assets per share, b
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BXMT
News
- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) had its price target lowered by analysts at UBS Group AG from $21.50 to $21.00. They now have a "neutral" rating on the stock.MarketBeat
- Short Seller Block Says He's Even ‘More Bearish' on Blackstone Mortgage Trust [Yahoo! Finance]Yahoo! Finance
- Short Seller Block Says He's Even ‘More Bearish' on Blackstone Mortgage Trust [BNN Bloomberg (Canada)]BNN Bloomberg
- Blackstone Mortgage Trust Declares $0.62 Per Share DividendBusiness Wire
- Granite Point Mortgage Trust: Write-Offs Are Accelerating [Seeking Alpha]Seeking Alpha
BXMT
Earnings
- 2/14/24 - Miss
BXMT
Sec Filings
- 3/12/24 - Form 4
- 3/12/24 - Form 4
- 3/11/24 - Form 144
- BXMT's page on the SEC website