Short Seller Block Says He's Even ‘More Bearish' on Blackstone Mortgage Trust [BNN Bloomberg (Canada)]
Blackstone Mortgage Trust, Inc. (BXMT)
Last blackstone mortgage trust, inc. earnings: 4/29 04:01 pm
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Source: BNN Bloomberg
The Muddy Waters founder expects the publicly traded trust to cut its dividend in the second half of the year, he said Tuesday in an interview with Bloomberg Television. Falling property prices and high borrowing costs have squeezed commercial property owners, and Block has sought to take advantage. He said in December that he took a short position in the trust, which makes loans collateralized by commercial real estate, saying it faced a possible liquidity crisis. Block and his firm are more certain now than “in early December that the second half of this year is going to be problematic” for the trust, he said. A spokesperson for the trust said in December that it had “record levels” of liquidity and was “well positioned to navigate this environment.” Shares of Blackstone Mortgage Trust fell on Block's comments, sliding 1.5% to $19.93 at 12:44 p.m. in New York, extending their decline this year to 4.9%. ©2024 Bloomberg L.P.
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BXMT
News
- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) had its price target lowered by analysts at Keefe, Bruyette & Woods from $20.50 to $18.00. They now have a "market perform" rating on the stock.MarketBeat
- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) had its price target lowered by analysts at JPMorgan Chase & Co. from $18.50 to $17.50. They now have a "neutral" rating on the stock.MarketBeat
- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) had its price target lowered by analysts at UBS Group AG from $21.00 to $19.00. They now have a "neutral" rating on the stock.MarketBeat
- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) had its price target lowered by analysts at Wells Fargo & Company from $22.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
BXMT
Earnings
- 4/24/24 - Miss
BXMT
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- BXMT's page on the SEC website