Blackstone Mortgage Trust (BXMT) Stock Price, News & Analysis

Company Overview

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. It operates as a real estate investment trust for federal income tax purposes. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was incorporated in 1998 and is headquartered in New York, New York.

Key Stats

• Today's Range: $18.38 to $18.72
• 50-Day Range: $17.68 to $20.24
• 52-Week Range: $16.53 to $23.29
• Volume: 996,055 shs
• Average Volume: 1.56 million shs
• Market Capitalization: $3.21 billion
• P/E Ratio: N/A
• Dividend Yield: 10.12%
• Price Target: $20.08
• Consensus Rating: Hold

Blackstone Mortgage Trust Stock Analysis - MarketRank™

Blackstone Mortgage Trust scored higher than 44% of companies evaluated by MarketBeat, and ranked 686th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Blackstone Mortgage Trust has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Blackstone Mortgage Trust has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -15.38%

Earnings Growth

Earnings for Blackstone Mortgage Trust are expected to decrease by -15.38% in the coming year, from $1.95 to $1.65 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Blackstone Mortgage Trust is -13.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Blackstone Mortgage Trust is -13.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Blackstone Mortgage Trust has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.53% of the outstanding shares of Blackstone Mortgage Trust have been sold short.

Short Interest Ratio / Days to Cover

Blackstone Mortgage Trust has a short interest ratio ("days to cover") of 15.3, which indicates bearish sentiment.

Change versus previous month

Short interest in Blackstone Mortgage Trust has recently increased by 3.08%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Blackstone Mortgage Trust is a leading dividend payer. It pays a dividend yield of 10.42%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Blackstone Mortgage Trust does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Blackstone Mortgage Trust will have a dividend payout ratio of 113.94% in the coming year. This indicates that Blackstone Mortgage Trust may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 2.0 / 5
• Environmental Score: -2.64

Percentage of Shares Shorted

13.53% of the outstanding shares of Blackstone Mortgage Trust have been sold short.

Short Interest Ratio / Days to Cover

Blackstone Mortgage Trust has a short interest ratio ("days to cover") of 15.3, which indicates bearish sentiment.

Change versus previous month

Short interest in Blackstone Mortgage Trust has recently increased by 3.08%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.61

News Sentiment

Blackstone Mortgage Trust has a news sentiment score of 1.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Blackstone Mortgage Trust this week, compared to 4 articles on an average week.

Search Interest

21 people have searched for BXMT on MarketBeat in the last 30 days. This is an increase of 163% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Blackstone Mortgage Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $27,899.00 in company stock.

Percentage Held by Insiders

Only 0.93% of the stock of Blackstone Mortgage Trust is held by insiders.

Percentage Held by Institutions

64.15% of the stock of Blackstone Mortgage Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BXMT Stock Analysis - Frequently Asked Questions

How have BXMT shares performed this year?

Blackstone Mortgage Trust's stock was trading at $21.27 at the beginning of the year. Since then, BXMT stock has decreased by 12.7% and is now trading at $18.57.
View the best growth stocks for 2024 here.

How were Blackstone Mortgage Trust's earnings last quarter?

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) released its quarterly earnings results on Wednesday, July, 24th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The real estate investment trust had revenue of $466.15 million for the quarter, compared to analyst estimates of $131.87 million. Blackstone Mortgage Trust had a negative net margin of 12.91% and a positive trailing twelve-month return on equity of 9.35%.

Is Blackstone Mortgage Trust buying back stock?

Blackstone Mortgage Trust's Board of Directors initiated a stock buyback plan on Wednesday, July 24th 2024, which authorizes the company to buy back $150,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Who are Blackstone Mortgage Trust's major shareholders?

Blackstone Mortgage Trust's top institutional investors include State Street Corp (3.81%), Geode Capital Management LLC (2.33%), Charles Schwab Investment Management Inc. (1.40%) and Parallax Volatility Advisers L.P.. Insiders that own company stock include Michael B Nash, Timothy Steven Johnson, Katharine A Keenan, Henry N Nassau, Jonathan Lee Pollack, Douglas N Armer, Anthony F Marone Jr and Leonard W Cotton.
View institutional ownership trends.

How do I buy shares of Blackstone Mortgage Trust?

Shares of BXMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Blackstone Mortgage Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Blackstone Mortgage Trust investors own include Verizon Communications (VZ), AT&T (T), Enterprise Products Partners (EPD), Exxon Mobil (XOM), Energy Transfer (ET), Ares Capital (ARCC) and Pfizer (PFE).

Company Calendar

• Last Earnings: 7/24/2024
• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:BXMT
• Previous Symbol: NYSE:CT
• CUSIP: N/A
• CIK: 1061630
• Web: www.blackstonemortgagetrust.com
• Phone: (212) 655-0220
• Fax: 212-655-0044
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $20.08
• High Stock Price Target: $23.00
• Low Stock Price Target: $17.50
• Potential Upside/Downside: +8.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.39)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 9.52
• P/E Growth: N/A
• Net Income: $246.55 million
• Net Margins: -12.91%
• Pretax Margin: -12.58%
• Return on Equity: 9.35%
• Return on Assets: 1.68%

Debt

• Debt-to-Equity Ratio: 4.46
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $2.04 billion
• Price / Sales: 1.58
• Cash Flow: $2.82 per share
• Price / Cash Flow: 6.59
• Book Value: $22.32 per share
• Price / Book: 0.83

Miscellaneous

• Outstanding Shares: 172,990,000
• Free Float: 171,380,000
• Market Cap: $3.21 billion
• Optionable: Optionable
• Beta: 1.50