Blackstone Mortgage Trust (NYSE:BXMT) Receives Market Perform Rating from Keefe, Bruyette & Woods

Blackstone Mortgage Trust (NYSE:BXMT)‘s stock had its “market perform” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research note issued on Friday,Benzinga reports. They currently have a $16.00 target price on the real estate investment trust’s stock, down from their prior target price of $20.00. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 7.16% from the company’s current price.

A number of other analysts have also issued reports on BXMT. UBS Group began coverage on Blackstone Mortgage Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 target price for the company. JPMorgan Chase & Co. dropped their price target on Blackstone Mortgage Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, July 17th. Zacks Research downgraded Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings lowered Blackstone Mortgage Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Blackstone Mortgage Trust has an average rating of “Hold” and an average price target of $19.75.

Blackstone Mortgage Trust Stock Down 9.0%

NYSE:BXMT opened at $14.93 on Friday. The stock has a fifty day simple moving average of $17.51 and a 200 day simple moving average of $18.62. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 24.48 and a beta of 0.90. Blackstone Mortgage Trust has a 1-year low of $14.90 and a 1-year high of $20.67.

Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.07). The firm had revenue of $158.06 million during the quarter, compared to analysts’ expectations of $157.32 million. Blackstone Mortgage Trust had a return on equity of 6.11% and a net margin of 8.75%. Equities analysts predict that Blackstone Mortgage Trust will post 1.21 earnings per share for the current year.

Insider Transactions at Blackstone Mortgage Trust

In related news, President Fernando Austin Pena sold 1,670 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $17.07, for a total value of $28,506.90. Following the completion of the sale, the president owned 72,899 shares of the company’s stock, valued at approximately $1,244,385.93. The trade was a 2.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 5,420 shares of company stock worth $95,233 over the last ninety days. 1.18% of the stock is currently owned by company insiders.

Institutional Trading of Blackstone Mortgage Trust

Several hedge funds have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC raised its stake in Blackstone Mortgage Trust by 2.2% during the fourth quarter. Elevation Point Wealth Partners LLC now owns 24,602 shares of the real estate investment trust’s stock worth $482,000 after acquiring an additional 525 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Blackstone Mortgage Trust by 45.5% in the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 536 shares during the period. Kennicott Capital Management LLC boosted its holdings in Blackstone Mortgage Trust by 2.6% in the fourth quarter. Kennicott Capital Management LLC now owns 36,450 shares of the real estate investment trust’s stock valued at $697,000 after acquiring an additional 921 shares during the last quarter. California Public Employees Retirement System increased its position in Blackstone Mortgage Trust by 0.4% during the 3rd quarter. California Public Employees Retirement System now owns 249,450 shares of the real estate investment trust’s stock valued at $4,592,000 after purchasing an additional 976 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in Blackstone Mortgage Trust by 19.8% during the 4th quarter. Sound Income Strategies LLC now owns 6,152 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 1,015 shares during the last quarter. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust News Summary

Here are the key news stories impacting Blackstone Mortgage Trust this week:

• Positive Sentiment: BXMT reported adjusted earnings of $0.48 per share, above the $0.38 consensus estimate and up from $0.19 a year earlier. Revenue of approximately $158.1 million also slightly exceeded forecasts. Blackstone Mortgage Trust Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management plans to reduce office and pre-2023 loan exposure by more than 40% by year-end, potentially lowering risk in the portfolio. BXMT is also entering the roughly $200 billion homebuilder-finance market, offering a potential source of future loan growth and diversification. BXMT Targets Exposure Reduction and Homebuilder Finance Expansion
• Neutral Sentiment: The company’s earnings call and presentation emphasized portfolio repositioning and credit management, but investors will likely need further evidence that the new strategy can offset pressure from legacy commercial real-estate exposures. BXMT Q2 2026 Earnings Call Transcript
• Negative Sentiment: Reported GAAP EPS was $0.31, missing the $0.38 analyst estimate by $0.07. Realized gains and losses weighed on quarterly earnings, creating a less favorable headline result despite the adjusted earnings beat. Realized Gains and Losses Hit Q2 Earnings

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.