BX Stock Recent News

Some of the best REIT investment opportunities are in Canada. Valuations are lower and so are interest rates. I present 2 hidden gems that we are buying.

BXMT's high dividend yield and seemingly cheap valuation are attractive, but its office-dominated loan book is poorly positioned for the current high interest rate environment. Rising interest rates increase net interest income but also pressure borrowers, leading to defaults and charge-offs, which significantly impact BXMT's distributable earnings. Despite a significant margin of safety due to potential loan recovery rates, bullish catalysts like lower interest rates seem unlikely in the near term.

In December, I invested around $1,200 primarily in Business Development Companies, boosting my annual dividend income by $131 with a full-year total of almost $1,700.

Blackstone is a best-in-class asset manager, with long-tail revenue drivers, an asset-light business model, and strong profitability. The stock does appear expensive, but when adjusted for BX's expected growth - and contrasted against an expensive market - we think the price is worth paying. We think the recent dip, which has been caused by changes in rate expectations, is worth buying.

Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either Intercorp Financial Services Inc. (IFS) or Blackstone Inc. (BX). But which of these two companies is the best option for those looking for undervalued stocks?

BXSL has increased its portfolio by $2.48 billion while expanding the number of portfolio companies by 64 YoY which helps risk mitigation. BXSL's portfolio has grown to 98.7% of its investments tied to Senior Secured Debt which is bullish as its the most favorable debt for lendors. BXSL continues to increase the amount of net investment income it generates and as its investments at fair value increases.

A hotter-than-expected December jobs report sent the Dow Jones Industrial Average tumbling by more than 600 points (1.5%) on Friday morning as U.S. Treasury yields continued to rise and inflation concerns took center stage. Most sectors struggled, including financials.

The recent market rally has been very uneven. Some stocks surged, while others were left behind. There are great opportunities among dividend stocks. I highlight one of my largest holdings going into 2025.

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=.

Most REITs have surged due to interest rate cuts. But many REITs missed out on this rally and remain undervalued. I present 3 of my Top Picks for 2025.