BXMT Stock Recent News

Blackstone Mortgage Trust is a core portfolio holding for passive income investors seeking predictable dividend income from a leading commercial real estate investment trust. The trust's floating-rate positioning is a compelling reason to own it, as it should produce higher net interest income in a rising-rate environment. Despite a decline in portfolio value due to loan repayments, Blackstone Mortgage Trust has a well-performing loan portfolio and stable dividend coverage.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT ) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET Company Participants Timothy Hayes - VP, Shareholder Relations Katie Keenan - President and CEO Anthony F. Marone, Jr - CFO, Treasurer, and Principal Accounting Officer Conference Call Participants Stephen Laws - Raymond James Steve DeLaney - JMP Securities Sarah Barcomb - BTIG Jade Rahmani - KBW Donald Fandetti - Wells Fargo Richard Shane - J.P.

Blackstone Mortgage Trust (BXMT) trades at a 20%+ discount to book value, presenting a buying opportunity with a double-digit dividend yield. BXMT's portfolio has performed well, with strong cash flows and dividend coverage, indicating a low risk of loan defaults.

Blackstone Mortgage Trust has delivered strong total returns over the past decade, outperforming the VanEck Mortgage REIT Income ETF. The Blackstone Mortgage Trust REIT is a real estate finance firm specializing in senior loans secured by commercial real estate, with a focus on the U.S. Sunbelt, Northeast, and West regions. Despite challenges in the office sector and macroeconomic headwinds, Blackstone Mortgage Trust has maintained dividend safety, achieved distributable earnings growth, and bolstered liquidity. However, caution is advised due to current economic uncertainties.

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its third quarter 2023 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, October 25, 2023. 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=1632098&tp_key=06a6f27034 For t.

Blackstone Mortgage Trust is one of the biggest and best-managed mortgage REITs. Despite concerns about office loans, BXMT had pretty strong second-quarter results, which remained flat for the most part. I present my analysis on the stock which leads me to a buy rating.

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Blackstone Mortgage Trust has seen a 30% increase in stock price since the last article, prompting the question of whether it's a good time to sell. The REIT has reported solid earnings, with distributable earnings comfortably covering the dividend payout. Risks to consider include potential defaults leading to a dividend cut and the historically poor performance of mREITs.

REITs are cheap and undervalued. But some REIT dividends are risky. I highlight 5 REITs that I think are likely to cut their dividends.

Blackstone Mortgage Trust offers a high dividend yield of 11.4% far surpassing what the market index is offering. BXMT has a well-diversified portfolio of commercial mortgage loans with a safe loan-to-value ratio and has plenty of liquidity. The company has consistently out-earned its dividend with excess distributable earnings that can be used for future growth opportunities.