Blackstone Mortgage Trust, Inc. (BXMT)

NYSE: BXMT · IEX Real-Time Price · USD
17.55
-0.46 (-2.58%)
Mar 30, 2023, 10:08 AM EDT - Market open
-2.58%
Market Cap 3.02B
Revenue (ttm) 628.05M
Net Income (ttm) 248.64M
Shares Out 172.28M
EPS (ttm) 1.46
PE Ratio 12.34
Forward PE 8.06
Dividend $2.48 (14.13%)
Ex-Dividend Date Dec 29, 2022
Volume 477,129
Open 17.63
Previous Close 18.01
Day's Range 17.53 - 17.75
52-Week Range 16.95 - 32.46
Beta 1.39
Analysts Buy
Price Target 25.67 (+46.27%)
Earnings Date Apr 25, 2023

About BXMT

Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders. 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. w... [Read more]

Industry REIT - Mortgage
Sector Real Estate
Founded 1966
Country United States
Stock Exchange NYSE
Ticker Symbol BXMT
Full Company Profile

Financial Performance

In 2022, BXMT's revenue was $628.05 million, an increase of 22.08% compared to the previous year's $514.47 million. Earnings were $248.64 million, a decrease of -40.69%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for BXMT stock is "Buy." The 12-month stock price forecast is $25.67, which is an increase of 46.27% from the latest price.

Price Target
$25.67
(46.27% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Blackstone Mortgage Trust Announces First Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its first quarter 2023 earnings presentation on its website at www.bxmt.com...

1 hour ago - Business Wire

REITs to Buy Now for Passive Income

If you are looking to tap into a new source of funds for retirement then reading. Real Estate Investment Trusts (REITs) are popular for people like you to build a reliable passive income stream.

Other symbols: PLDPSA
1 week ago - InvestorPlace

Blackstone Mortgage Trust Declares $0.62 Per Share Dividend

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock with respect to the first quarter of 2023. This dividend is payab...

2 weeks ago - Business Wire

Risk isn't fully priced into commercial REITs, says KBW's Jade Rahmani

Jade Rahmani, KBW commercial real estate analyst, joins 'The Exchange' to discuss the fall in commercial real estate and his outlook for the sector.

Other symbols: BMRCKREFOZKTCFC
3 weeks ago - CNBC Television

After Plunging -16.11% in 4 Weeks, Here's Why the Trend Might Reverse for Blackstone Mortgage (BXMT)

Blackstone Mortgage (BXMT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings...

3 weeks ago - Zacks Investment Research

Forget Bargain Hunting: Buy These 5 Stocks With Rising P/E

Tap five stocks with increasing P/E ratios to try out a different approach.

Other symbols: EWBCHRLKRSNOW
1 month ago - Zacks Investment Research

Blackstone Mortgage Trust swings to a loss as it builds up reserves

Blackstone Mortgage Trust Co. stock fell nearly 5% Wednesday as it swung to a fourth-quarter loss while hiking reserves for potential credit losses, but its distributable earnings beat estimates.

1 month ago - Market Watch

Blackstone Mortgage Trust (BXMT) Tops Q4 Earnings and Revenue Estimates

Blackstone Mortgage (BXMT) delivered earnings and revenue surprises of 20.83% and 25.39%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Blackstone Mortgage Trust Reports Fourth Quarter and Full Year 2022 Results

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its fourth quarter and full year 2022 results. Net income attributable to Blackstone Mortgage Trust for the full y...

1 month ago - Business Wire

Gilda Perez-Alvarado Appointed to the Board of Directors of Blackstone Mortgage Trust

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced today that global hospitality expert Gilda Perez-Alvarado has been appointed to its Board of Directors. BXMT also an...

2 months ago - Business Wire

Blackstone Mortgage Trust Announces Tax Treatment of 2022 Dividends

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced the tax treatment of its 2022 class A common stock dividends. The following table summarizes Blackstone Mortga...

2 months ago - Business Wire

Blackstone Mortgage Trust Announces Fourth Quarter and Full Year 2022 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 2022 earnings presentation on its websit...

2 months ago - Business Wire

Time to Buy These 3 REITs for 2023?

There may be more short-term weakness ahead among REITs, but these equities are attractive at some of their lowest valuations in years.

Other symbols: INVHMAA
3 months ago - Zacks Investment Research

Blackstone Mortgage Trust (BXMT) Q3 Earnings and Revenues Top Estimates

Blackstone Mortgage (BXMT) delivered earnings and revenue surprises of 9.23% and 5.41%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Blackstone Mortgage Trust Reports Third Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its third quarter 2022 results.

5 months ago - Business Wire

These 2 Double-Digit Mortgage Trusts Hit Their 52 Week Lows - Will REITs See A Rally?

When assessing mortgage real estate investment trusts (REITs), one factor to consider is the stock price should never trade at a premium to the book value more than its dividend yield.

Other symbols: RITM
5 months ago - Benzinga

Blackstone Mortgage Trust Announces Third Quarter 2022 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its third quarter 2022 earnings presentation on its website at www.bxmt.com...

6 months ago - Business Wire

Blackstone Mortgage (BXMT) Moves to Strong Buy: Rationale Behind the Upgrade

Blackstone Mortgage (BXMT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

6 months ago - Zacks Investment Research

Clarion Partners and Blackstone Real Estate Co-Originate Two Senior & Mezzanine Loans for the Brickstone Boulder Student Housing Properties

SAN MATEO, Calif.--(BUSINESS WIRE)--Clarion Partners Real Estate Income Fund Inc. has provided mezzanine loans for the refinance of two student housing assets in Boulder, CO.

Other symbols: BEN
7 months ago - Business Wire

High-Yield Dividend Stocks for Investors to Buy

High-yielding dividend stocks are great for income investors and are crucial to building a strong retirement portfolio.

Other symbols: DVNSPGZIM
7 months ago - Zacks Investment Research

Bluerock Residential Growth REIT and Blackstone Real Estate Announce Anticipated Closing Date of Acquisition and Spin-Off

NEW YORK, Aug. 26, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) (the "Company") and Blackstone Real Estate ("Blackstone") today announced that the completion of the...

7 months ago - PRNewsWire

Blackstone Mortgage Trust (BXMT) Q2 Earnings and Revenues Top Estimates

Blackstone Mortgage (BXMT) delivered earnings and revenue surprises of 9.84% and 11.85%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Blackstone Mortgage Trust Reports Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its second quarter 2022 results. Net income attributable to Blackstone Mortgage Trust for the second quarter was $...

8 months ago - Business Wire

Blackstone Mortgage Trust Announces Second Quarter 2022 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its second quarter 2022 earnings presentation on its website at www.bxmt.co...

9 months ago - Business Wire

Blackstone Mortgage Trust Awarded NAREIT Gold Investor CARE (Communications & Reporting Excellence) Award

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced that it has received the 2022 NAREIT Gold Investor CARE (Communications & Reporting Excellence) Award, which rec...

10 months ago - Business Wire