BXMT Stock Recent News
BXMT LATEST HEADLINES
The Blackstone Mortgage Trust (NYSE: BXMT) stock price has bounced back in the past few weeks even as the challenges in the real estate market remain. BXMT shares jumped to a high of $20, ~20% above the lowest level this year.
Blackstone Mortgage Trust (BXMT) closed at $18.19 in the latest trading session, marking no change from the prior day.
Many investors rely on the stock market to provide strong income streams. Particularly for conservative investors and retirees, dividend stocks are an integral part of meeting financial goals.
In Q1 2023 operations have remained on track, the dividend remains covered and the company continues to collect. At the same time the company trades at a 35% discount to book value and trades at a 14% dividend yield.
BXMT is a mortgage REIT with 40% of their loans backed by office properties. That's why it has been punished by the market and yields almost 15%.
Blackstone Mortgage Trust (BXMT) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.62 per share a year ago.
I like to occasionally mix things up and provide readers with some income accelerators. In this article, I will be highlighting four mREITs on our shopping list.
The real estate market is in a relatively volatile environment but has shown to be quite resilient. BXMT has a long history of strong financial performance and high dividend distribution, with the added benefit of having the largest alternative investment asset manager to back them up.
I currently have 50% of my portfolio invested in REITs and private real estate. That's because I have rare personal expertise (35 years of experience in real estate investing).
The market often hyperventilates on things that don't matter. The commercial real estate story is unfortunately not exaggerated and the stresses are very real.