Dragon Claws The stock of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) did not react well to the mortgage trust’s first quarter earnings in which the company showed that it swung to a net loss amid loan problems in the office category: BXMT declined 4.6% on Thursday and may see additional selling pressure in the short term….
Roman Tiraspolsky Let’s drift into the mortgage arena and discuss what’s waiting in the wings for the Blackstone Mortgage Trust, Inc. (NYSE:BXMT). For those unaware, we covered various components of Blackstone (BX) extensively in the past week, including the company as a whole its Blackstone’s Apartment Income REIT Corp. (AIRC) acquisition. However, today’s analysis builds…
airdone Blackstone Mortgage Trust, Inc. (NYSE:BXMT) proved its value to passive income investors in February with a well-received earnings release for 4Q-23: The commercial mortgage real estate investment trust comfortably covered its dividend pay-out with distributable earnings, though it was forced to increase its CECL reserve for credit losses again. With that being said, Blackstone…
WTolenaars/iStock via Getty Images On our initial coverage of Blackstone Mortgage Trust, Inc. (NYSE:BXMT), we introduced the company and delved into the portfolio. While the scale and finesse of a Blackstone (BX) sponsored REIT is obviously hard to match, we were a little less thrilled by the prospect of buying this. We suggested investors take…
Zbynek Pospisil/iStock via Getty Images There’s no better way to sum up the commercial real estate sector than Ray Bradbury’s classic, Something Wicked This Way Comes. I remember reading the book over three decades ago (when I was in high school) and this nightmarish novel analyzing the conflicts of good and evil is relevant today:…
skynesher Blackstone Mortgage Trust (NYSE:BXMT) is one of the largest mortgage REITs out there, with a loan portfolio of nearly $30 billion. In addition to being the largest, the mREIT is also one of the best managed, with an experienced management team run by Blackstone (BX) itself. I started coverage on the stock in May…
duoogle Dear readers/followers, Last I wrote about Blackstone Mortgage Trust (NYSE:BXMT) was in May just after the company has released its Q1 2023 earnings. I issued a BUY rating for the stock at $17.33 per share, mainly because I saw the valuation as overly depressed, as the market was pricing in a total write-down (with…
Makhbubakhon Ismatova Growing one’s income stream is one of the best ways to eating well and sleeping well before and during one’s retirement. That’s because while it seems everyone else is heavily invested in low-yielding index funds and/or chasing capital appreciation, the income investor gets to enjoy real cash that flows into their pocket. The…