Blackstone Mortgage Trust 株価情報 (NYSE: BXMT)

最新ニュース Blackstone Mortgage Trust (NYSE:BXMT) 株価情報

Blackstone Mortgage Trust

Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.

Blackstone Mortgage Trust, Inc. Common Stock

Blackstone Mortgage Trust Inc

<p>During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.</p>
<p>Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the financials sector.</p>
<h3 class="wp-block-heading"><strong>Capital Southwest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSWC#NASDAQ">CSWC</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 11.00%</li>
<li><strong>JMP Securities </strong>analyst Brian McKenna downgraded the stock from Market Outperform to Market Perform on May 15. This analyst has an accuracy rate of 75%.</li>
<li><strong>Raymond James </strong>analyst Robert Dodd maintained an Outperform rating and boosted the price target from $24 to $26.5 on Jan. 31. This analyst has an accuracy rate of 65%.</li>
<li><strong>Recent News:</strong> On Nov. 5, Capital Southwest priced $200 million 5.125% convertible notes due 2029, convertible at 12% premium.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1">latest CSWC news</a> </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20043834/image-203.png" alt="" class="wp-image-656570" style="width:652px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20043834/image-203.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20043834/image-203-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20043834/image-203-768x693.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure></p>
<h3 class="wp-block-heading"><strong>Blackstone Mortgage Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 10.08%</li>
<li><strong>Wells Fargo </strong>analyst Donald Fandetti maintained an Overweight rating and raised the price target from $19 to $22 on Sept. 20. This analyst has an accuracy rate of 68%.</li>
<li><strong>JMP Securities </strong>analyst Steven Delaney reiterated a Market Perform rating on July 23. This analyst has an accuracy rate of 62%.</li>
<li><strong>Recent News: </strong>On Oct. 23, the company posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1">latest BXMT news</a> </li>
</ul>
<p><figure class="wp-block-image is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/79f35e33-1d1e-4c33-812a-fd8db148d2f2" alt="" style="width:597px;height:auto" /></a></figure></p>
<h3 class="wp-block-heading"><strong>Starwood Property Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STWD#NYSE">STWD</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield: </strong>9.72%</li>
<li><strong>UBS </strong>analyst Douglas Harter maintained a Neutral rating and raised the price target from $19.5 to $20 on Nov. 15. This analyst has an accuracy rate of 68%.</li>
<li><strong>JMP Securities </strong>analyst Steven Delaney maintained a Market Outperform rating and cut the price target from $24 to $23 on Nov. 7. This analyst has an accuracy rate of 62%.</li>
<li><strong>Recent News: </strong>On Nov. 6, the company posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1">STWD stock</a>. </li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="923" height="818" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20050724/image-205.png" alt="" class="wp-image-656599" style="width:757px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20050724/image-205.png 923w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20050724/image-205-300x266.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/20050724/image-205-768x681.png 768w" sizes="(max-width: 923px) 100vw, 923px" /></a></figure></p>
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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<p><strong>Read More: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42069785/wall-streets-most-accurate-analysts-weigh-in-on-3-defensive-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields</a></strong></li>
</ul>


News

Dividends

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

BXMT

CSWC

STWD

Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks With Over 9% Dividend Yields

<p>Blackstone Mortgage Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) today announced strong quarter-to-date progress on repayments and non-performing loan resolutions:</p>
<ul>
<li>$1.0 billion of total repayments1 collected quarter-to-date</li>
<li>$0.4 billion of non-performing loan resolutions2 completed quarter to date, bringing total year-to-date resolutions to $0.9 billion</li>
<li>$1.0 billion of additional non-performing loan resolutions in closing3</li>
<li>Loan resolutions closed or in closing represent over 60% of total non-performing loans as of September 30, 2024, and are at or above carrying values, in aggregate</li>
</ul>
<p>Katie Keenan, Chief Executive Officer, said, "The ongoing recovery and resurgence in capital markets activity continues to drive strong positive momentum in BXMT's business. We are pleased to deliver these positive outcomes for our investors, which accelerate portfolio turnover with the redeployment of capital in today's attractive investment environment."</p>


Blackstone Mortgage Trust Announces Quarter-To-Date Update; $1B Of Total Repayments Collected Quarter-To-Date; $400M Of Non-Performing Loan Resolutions Completed Quarter To Date, Bringing Total Year-To-Date Resolutions To $900M; $1B Of Additional Non-Performing Loan Resolutions In Closing

Earnings

UPDATE: Blackstone Mortgage Trust Q3 2024 Adj. EPS $0.39 Beats $0.31 Estimate, Sales $108.348M Miss $115.418M Estimate

<p>Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.31 by 25.81 percent.</p>


Earnings Beats

Blackstone Mortgage Trust Q3 2024 Adj. EPS $0.39 Beats $0.31 Estimate

<p>Wells Fargo  analyst Donald Fandetti   maintains Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) with a Overweight and raises the price target from $19 to $22.</p>


Wells Fargo Maintains Overweight on Blackstone Mortgage Trust, Raises Price Target to $22

<p>Wells Fargo  analyst Donald Fandetti   maintains Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) with a Overweight and lowers the price target from $20 to $19.</p>


Wells Fargo Maintains Overweight on Blackstone Mortgage Trust, Lowers Price Target to $19

WIIM

Blackstone Mortgage Trust shares are trading lower. The company reported Q2 financial results.

<p>Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.48 by 2.08 percent.</p>


Blackstone Mortgage Trust Q2 2024 Adj EPS $0.49 Beats $0.48 Estimate

<p>JMP Securities  analyst Steven Delaney   reiterates Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) with a Market Perform.</p>


Reiteration

JMP Securities Reiterates Market Perform on Blackstone Mortgage Trust

<p>6 analysts have expressed a variety of opinions on Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $19.25, a high estimate of $23.00, and a low estimate of $17.50. Highlighting a 3.75% decrease, the current average has fallen from the previous average price target of $20.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721390474_0.png" alt="price target chart" /></p>
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
<p>The standing of Blackstone Mortgage Trust among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Thomas Catherwood</td>
<td>BTIG</td>
<td>Announces</td>
<td>Buy</td>
<td>$23.00</td>
<td>-</td>
</tr>
<tr>
<td>Jade Rahmani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Jade Rahmani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$18.00</td>
<td>$20.50</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$17.50</td>
<td>$18.50</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$19.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Donald Fandetti</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$22.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Blackstone Mortgage Trust. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Blackstone Mortgage Trust compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of Blackstone Mortgage Trust's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>For valuable insights into Blackstone Mortgage Trust's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/BXMT/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Blackstone Mortgage Trust analyst ratings.</strong></a></p>
<h2>Get to Know Blackstone Mortgage Trust Better</h2>
<p>Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.</p>
<h3>Unraveling the Financial Story of Blackstone Mortgage Trust</h3>
<p><strong>Market Capitalization:</strong> Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Blackstone Mortgage Trust's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately <strong>-18.25%</strong> in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> Blackstone Mortgage Trust's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>-86.97%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Blackstone Mortgage Trust's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>-2.91%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Blackstone Mortgage Trust's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>-0.52%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> Blackstone Mortgage Trust's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>4.55</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


What Analysts Are Saying About Blackstone Mortgage Trust Stock

<p>BTIG  analyst Thomas Catherwood   assumes Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) with a Buy rating and announces Price Target of $23.</p>


Initiation

BTIG Assumes Blackstone Mortgage Trust at Buy, Announces Price Target of $23

<p>Wolfe Research  analyst Keegan Carl   initiates coverage on Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) with a Peer Perform rating.</p>


Wolfe Research Initiates Coverage On Blackstone Mortgage Trust with Peer Perform Rating

<p>Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) underwent analysis by 8 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $19.19, a high estimate of $22.00, and a low estimate of $17.50. This current average represents a 6.39% decrease from the previous average price target of $20.50. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1718730025_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>The perception of Blackstone Mortgage Trust by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jade Rahmani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Jade Rahmani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$18.00</td>
<td>$20.50</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$17.50</td>
<td>$18.50</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$19.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Donald Fandetti</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Sarah Barcomb</td>
<td>BTIG</td>
<td>Lowers</td>
<td>Buy</td>
<td>$22.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Jade Rahmani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$20.50</td>
<td>$21.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$18.50</td>
<td>$19.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Blackstone Mortgage Trust. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Blackstone Mortgage Trust compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>Capture valuable insights into Blackstone Mortgage Trust's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/BXMT/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Blackstone Mortgage Trust analyst ratings.</strong></a></p>
<h2>All You Need to Know About Blackstone Mortgage Trust</h2>
<p>Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.</p>
<h3>Breaking Down Blackstone Mortgage Trust's Financial Performance</h3>
<p><strong>Market Capitalization:</strong> Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.</p>
<p><strong>Revenue Challenges:</strong> Blackstone Mortgage Trust's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately <strong>-18.25%</strong>. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.</p>
<p><strong>Net Margin:</strong> Blackstone Mortgage Trust's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>-86.97%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>-2.91%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Blackstone Mortgage Trust's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>-0.52%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> Blackstone Mortgage Trust's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>4.55</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Analyst Verdict: Blackstone Mortgage Trust In The Eyes Of 8 Experts

<p>Keefe, Bruyette &amp; Woods  analyst Jade Rahmani   maintains Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) with a Market Perform and maintains $18 price target.</p>


Keefe, Bruyette & Woods Maintains Market Perform on Blackstone Mortgage Trust, Maintains $18 Price Target

<p><i>Only announced all-cash offer to date, providing substantial, immediate and certain value to Terrafina shareholders</i></p>
<p>Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates has increased the price of its tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:<a class="ticker" href="https://www.benzinga.com/stock/TERRA#BMV">TERRA</a>) by Ps.1.00 per certificate to a purchase price of Ps.39.50 per certificate.</p>
<p>The all-cash tender offer represents a premium of 24% over the unaffected price per Terrafina certificate at the close of trading on December 4, 2023 and an 8% premium to Terrafina's closing share price on June 7, 2024.</p>


BMV:TERRA

Blackstone Real Estate And MRP Group Announce That A Mexican Trust Formed By Their Affiliates Has Increased The Price Of Its Tender Offer For Up To 100% Of The Outstanding Real Estate Trust Certificates Of Terrafina

<p>Blackstone Real Estate today announced that it has reached an agreement to sell Turtle Bay Resort for&nbsp;$725 million. Blackstone purchased the hotel in 2018 for&nbsp;$332 million&nbsp;and subsequently invested significant capital in renovations.</p>


Asset Sales

Blackstone Real Estate Announces $725M Sale Of Turtle Bay Resort

<p>During the last three months, 10 analysts shared their evaluations of Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>), revealing diverse outlooks from bullish to bearish.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $19.85, with a high estimate of $22.00 and a low estimate of $17.50. A negative shift in sentiment is evident as analysts have decreased the average price target by 6.15%. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714143629_0_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>The standing of Blackstone Mortgage Trust among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jade Rahmani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$18.00</td>
<td>$20.50</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$17.50</td>
<td>$18.50</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$19.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Donald Fandetti</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$20.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Sarah Barcomb</td>
<td>BTIG</td>
<td>Lowers</td>
<td>Buy</td>
<td>$22.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Jade Rahmani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$20.50</td>
<td>$21.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$18.50</td>
<td>$19.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$21.00</td>
<td>$21.50</td>
</tr>
<tr>
<td>Eric Dray</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$21.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Jade Rahmani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$21.00</td>
<td>$22.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Blackstone Mortgage Trust. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Blackstone Mortgage Trust compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts explore the dynamics of price targets, providing estimates for the future value of Blackstone Mortgage Trust's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Blackstone Mortgage Trust's market position. Stay informed and make well-informed decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/BXMT/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Blackstone Mortgage Trust analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Blackstone Mortgage Trust</h2>
<p>Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.</p>
<h3>Blackstone Mortgage Trust's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Highlights:</strong> Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Blackstone Mortgage Trust faced challenges, resulting in a decline of approximately <strong>-18.25%</strong> in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.</p>
<p><strong>Net Margin:</strong> Blackstone Mortgage Trust's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of <strong>-86.97%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Blackstone Mortgage Trust's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>-2.91%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>-0.52%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Blackstone Mortgage Trust's debt-to-equity ratio surpasses industry norms, standing at <strong>4.55</strong>. This suggests the company carries a substantial amount of debt, posing potential financial challenges.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Analyst Landscape: 10 Takes On Blackstone Mortgage Trust

<p>Keefe, Bruyette &amp; Woods  analyst Jade Rahmani   maintains Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) with a Market Perform and lowers the price target from $20.5 to $18.</p>


Keefe, Bruyette & Woods Maintains Market Perform on Blackstone Mortgage Trust, Lowers Price Target to $18

<p>JP Morgan  analyst Richard Shane   maintains Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) with a Neutral and lowers the price target from $18.5 to $17.5.</p>


JP Morgan Maintains Neutral on Blackstone Mortgage Trust, Lowers Price Target to $17.5

<p>UBS  analyst Douglas Harter   maintains Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) with a Neutral and lowers the price target from $21 to $19.</p>


UBS Maintains Neutral on Blackstone Mortgage Trust, Lowers Price Target to $19

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AGNCN

AGNCO

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AHCO

AMBC

AOMN

AOMR

APLE

ASPN

ATKR

BLDG

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CIMO

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Press Releases

Blackstone Real Estate and MRP Group Announce Extension of 100% Cash Tender Offer for Terrafina

Equity Residential to Acquire $1 Billion Apartment Portfolio from Blackstone Real Estate

Global Travel Technology Company OYO to Acquire G6 Hospitality from Blackstone Real Estate

Blackstone Mortgage Trust Announces Third Quarter 2024 Earnings Release and Conference Call

Blackstone Mortgage Trust Reports Third Quarter 2024 Results

Blackstone Real Estate to Take Retail Opportunity Investments Private for $4 Billion

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