BXMT - Blackstone Mortgage Trust, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
35.69
+0.65 (+1.87%)
As of 12:17PM EDT. Market open.
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Previous Close35.04
Open35.25
Bid35.59 x 1300
Ask35.60 x 1000
Day's Range34.95 - 35.69
52 Week Range30.14 - 35.70
Volume798,856
Avg. Volume856,525
Market Cap4.418B
Beta (3Y Monthly)0.41
PE Ratio (TTM)14.26
EPS (TTM)2.50
Earnings DateJul 22, 2019 - Jul 26, 2019
Forward Dividend & Yield2.48 (7.18%)
Ex-Dividend Date2019-03-28
1y Target Est35.64
Trade prices are not sourced from all markets
  • Associated Press19 hours ago

    Blackstone Mortgage: 1Q Earnings Snapshot

    On a per-share basis, the New York-based company said it had profit of 62 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 71 cents per share. The results exceeded Wall ...

  • PR Newswire20 hours ago

    Blackstone Mortgage Trust Reports First Quarter 2019 Results

    NEW YORK, April 23, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) today reported its first quarter 2019 results. Stephen D. Plavin, Chief Executive Officer, said, "Our first quarter results reflect the strong earnings power of BXMT's scaled portfolio. Blackstone Mortgage Trust issued a full detailed presentation of its first quarter 2019 results, which can be viewed at www.bxmt.com.

  • 5 Wonderful REITs to Buy Today
    InvestorPlace8 days ago

    5 Wonderful REITs to Buy Today

    After an abysmal 2018, real estate investment trusts (REITs) have been on a roll this year. After pulling one of the worst performances since the Great Recession, REITs have surged by double digits in 2019 as investors have flocked back to the sector. And there's plenty of reasons why.For starters, the Federal Reserve and its dovishness have provided a base for the sector. As a high-yielding security type, REITs generally take it on the chin when the Fed raises benchmark interest rates. But with Powell & Company pausing, investors can own the REITs' better-than-average dividend yields much more safely.Secondly, that pause in rates makes it much cheaper for real estate firms to take out mortgages and loans to buy/build properties.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, the still-growing economy has continued to strengthen a variety of real estate sectors, including office, industrial and even retail properties. With better cash flows and rent growth, the REITs have been stellar this year. And it looks like they can keep the party going. * 7 Stocks That Can Outperform for Years While we probably won't see continued double-digit jumps throughout the rest of 2019, the combination of high dividends and some decent capital appreciation will still make owning REITs a highly desirable prospect in the quarters ahead. With that, here are five of the best REITs to buy today. Best REITs to Buy: Public Storage (PSA)Source: Mike Mozart Via FlickrDividend Yield: 3.7%Despite owning a decent sized house and a shed, every weekend I see my neighbors zoom off and back to exchange items at their storage facility. And I know they aren't alone. Americans have too much stuff, and Public Storage (NYSE:PSA) is helping solve the problem of where to keep it all.PSA is the world's largest owner and operator of self-storage facilities. The firm owns more than 2,500 locations across the United States with more than 170 million square feet of rentable space. And it turns out, Americans need that space.Since the recession, PSA has benefited from the trend of downsizing and the rise of apartment dwelling. People still need space to store holiday decorations, special items, and even clothes. Here, thanks to its massive footprint, Public Storage has been able to capitalize on America's needs. Occupancy rates for its facilities topped 90% during the last reported quarter.Perhaps the best part is, that thanks to its low cost of maintenance, building and operating expenses, PSA is able to pull in plenty of cash flows from its properties. Funds from operations -- which determine dividends -- rose more than 7.7% overall of 2018. This has allowed PSA to pay a very juicy 3.7% dividend.With continued rent hikes and demand, PSA should be able to keep the dividends coming. And that makes it a strong choice among REITs. Blackstone Mortgage Trust Inc (BXMT) Source: Shutterstock Dividend Yield: 7.1%With the Fed pausing on its rate of hikes, Blackstone Mortgage Trust (NASDAQ:BXMT) could be a rewarding, high-yielding play. BXMT is considered a mortgage REIT. That is, the firm doesn't own physical properties but invests in mortgages or loans tied to buildings. Since these paper REITs often use leverage and don't physically own the buildings, they are sometimes considered riskier than then equity REIT sisters. As a result, you get a higher yield.In this case, BXMT is paying out more than 7.1%.However, that high yield does mask some "safety" with BXMT. For starters, with the Fed pausing, it takes the pressure off of Blackstone's ability to use leverage. But secondly, the REIT's portfolio of loans is top notch. Using its expertise from parent Blackstone Group (NYSE:BX), BXMT's portfolio focuses on senior -- read: first in line during bankruptcy -- loans. The amazing thing is that 100% of its portfolio is performing and paying their interest back on time. As if it couldn't get any better, 96% of its portfolio is floating rate and will adjust higher if the Fed raises benchmarks again. This strength is a rarity among the mREITs. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot This focus on quality and cash flows has allowed BXMT to cover its dividend by more than 117%. With more firepower in its reserves and BX's backing, BXMT makes a very compelling high-yield REIT to add to any portfolio. Host Hotels and Resorts Inc (HST)Source: Shutterstock Dividend Yield: 4.2%With the economy growing, travel and leisure have come back in a big way. That seems to benefit the hotel REITs. And the king of them all is Host Hotels and Resorts (NYSE:HST).Host owns 93 properties with around 52,000 rooms. The vast bulk of these are luxury and upper upscale resort, large convention center, and city center hotel. Or as HST likes to call them "Iconic Assets That Cannot Be Replicated." These aren't your local Holiday Inn Express. This has benefited Host is a variety of ways.For one thing, its revenue per available room (RevPAR) is very high and averaged $272 per room for its total portfolio last quarter. It's top 40 assets pulled in over $360 per room. This is extremely high, as luxury resort seekers don't usually skimp on the extras. Even better is that hotel REITs are able to adjust their rent rates daily to reflect demand. With travel rising, Host has been able to score higher rates and in turn, higher RevPAR figures.That's important because all of that drives dividends. After cutting its dividend to a penny back during the recession, Host has been able to grow its payout by 1,900% as well as pay a few special dividends and grow its cash hoard to over $1.5 billion.All in all, when it comes to REITs, Host Hotels has the right mix of properties to drive future returns. Equity Residential (EQR)Source: Equity Residential Dividend Yield: 3%When it comes to real estate, the old adage still rings true. It really is about "location, location and location." And apartment REIT Equity Residential (NYSE:EQR) has managed to turn its locations into gold mines.Founded by real estate guru Sam Zell, EQR is a powerhouse in the apartment sector with more than 300 different communities and 79,000 apartment units. The key is that these buildings are located in six core markets of Boston, New York, D.C., Seattle, San Francisco, and Southern California. These six markets all feature high home prices, low supplies of rental units and strong younger demographics -- all things that are very conducive to apartments. As a result, EQR's properties are at a high 96%-plus occupancy rate.That operating area and high demand allow it to steadily increase rates at above-average levels. * 7 AI Stocks to Watch with Strong Long-Term Narratives With these prime assets and rent growth, EQR has been a dividend machine. The firm has grown its dividend since 2010 at a nearly 5% annual growth rate (CAGR). It recently upped its payout again at the start of this year. Meanwhile, EQR has paid plenty in special dividends as well.In the end, location is what drives REIT success, and EQR has it in spades. SL Green Realty Corp. (SLG)Source: Shutterstock Dividend Yield: 3.9%As the saying goes, If you can make it in New York, you can make it anywhere. New York-based REIT SL Green Realty (NYSE:SLG) is proof of that.SLG is the largest owner of office properties in New York City. The firm owns more than 101 different buildings in Manhattan, including some of the priciest digs and sought-after office spaces. Additionally, the REIT holds plenty of office and retail space in Brooklyn, Westchester and neighboring Connecticut and New Jersey. All in all, SLG's portfolio features some of the most irreplaceable buildings in the entire city.As such, the REIT is able to charge some pretty hefty rents for its properties while still enjoying high occupancy rates. New York City rents have stayed pretty stable since the end of the recession.Meanwhile, SLG has been smartly selling off smaller assets and many of its suburban properties to provide capital for its rich development pipeline. This includes several show-stopper buildings that have already been leased to near-capacity. Ultimately, recycling this capital makes sense and SLG should enjoy higher rents/occupancy rates when its construction is online.As they wait, investors in SLG stock can enjoy its 3.9% dividend that has slowly grown over the years.At the time of writing, Aaron Levitt did not hold a position in any of the REITs mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 5 Wonderful REITs to Buy Today appeared first on InvestorPlace.

  • Blackstone Mortgage Trust (BXMT) Reports Next Week: What Awaits?
    Zacks8 days ago

    Blackstone Mortgage Trust (BXMT) Reports Next Week: What Awaits?

    Blackstone Mortgage (BXMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • What Kind Of Investor Owns Most Of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)?
    Simply Wall St.12 days ago

    What Kind Of Investor Owns Most Of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)?

    Every investor in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) should be aware of the most powerful shareholder groups. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair b...

  • Markit15 days ago

    See what the IHS Markit Score report has to say about Blackstone Mortgage Trust Inc.

    Blackstone Mortgage Trust Inc NYSE:BXMTView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is moderate for BXMT with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold BXMT had net inflows of $2.15 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Moody's16 days ago

    Blackstone Mortgage Trust, Inc. -- Moody's assigns a Ba2 rating to Blackstone Mortgage Trust's $400 million Term Loan B

    Moody's Investors Service ("Moody's") assigned a Ba2 corporate family rating to Blackstone Mortgage Trust, Inc. ("BXMT") and a Ba2 senior secured rating to BXMT's proposed $400 million Term Loan B. BXMT's rating outlook is stable. BXMT's Ba2 corporate family rating reflects the strength of the company's competitive positioning in the commercial real estate lending sector, strong profitability and asset quality performance, and low leverage.

  • PR Newswire21 days ago

    Blackstone Mortgage Trust Announces First Quarter 2019 Earnings Release and Conference Call

    NEW YORK, April 3, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) today announced that it will publish its first quarter 2019 earnings presentation on its website at www.bxmt.com and file its Form 10-Q after market close on Tuesday, April 23, 2019. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems.

  • PR Newswirelast month

    Blackstone Mortgage Trust Declares $0.62 Per Share Dividend

    NEW YORK, March 15, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) today declared a dividend of $0.62 per share of class A common stock with respect to the first quarter of 2019. Blackstone Mortgage Trust (BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Blackstone (BX) is one of the world's leading investment firms.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of BXMT earnings conference call or presentation 13-Feb-19 3:00pm GMT

    Q4 2018 Blackstone Mortgage Trust Inc Earnings Call

  • PR Newswire2 months ago

    Blackstone Mortgage Trust to Present at the Citi 2019 Global Property CEO Conference

    NEW YORK, Feb. 20, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) announced today that Steve Plavin, President and Chief Executive Officer, will present at the Citi 2019 Global Property CEO Conference in Hollywood, FL on Monday, March 4, 2019 at 5:00 p.m. ET. An audio webcast of the presentation will be available live on the Webcasts section of BXMT's website at http://ir.blackstonemortgagetrust.com/webcasts/. Blackstone Mortgage Trust (BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia.

  • Need To Know: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Insiders Have Been Selling Shares
    Simply Wall St.2 months ago

    Need To Know: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Insiders Have Been Selling Shares

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! It is not uncommon to see companies perform well inRead More...

  • Blackstone Mortgage Trust Inc (BXMT) Q4 2018 Earnings Conference Call Transcript
    Motley Fool2 months ago

    Blackstone Mortgage Trust Inc (BXMT) Q4 2018 Earnings Conference Call Transcript

    BXMT earnings call for the period ending December 31, 2018.

  • Blackstone Mortgage Trust (BXMT) Surpasses Q4 Earnings and Revenue Estimates
    Zacks2 months ago

    Blackstone Mortgage Trust (BXMT) Surpasses Q4 Earnings and Revenue Estimates

    Blackstone Mortgage (BXMT) delivered earnings and revenue surprises of 4.55% and 4.87%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press2 months ago

    Blackstone Mortgage: 4Q Earnings Snapshot

    On a per-share basis, the New York-based company said it had net income of 61 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 69 cents per share. The results surpassed ...

  • PR Newswire2 months ago

    Blackstone Mortgage Trust Reports Fourth Quarter and Full Year 2018 Results

    NEW YORK, Feb. 12, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) today reported its fourth quarter and full year 2018 results. Net income for the fourth quarter was $74 million, or $0.61 per share, and for the full year was $285 million, or $2.50 per share. Stephen D. Plavin, Chief Executive Officer, said, "A strong fourth quarter capped an extraordinary year for BXMT.

  • Blackstone Mortgage Trust (BXMT) Earnings Expected to Grow: Should You Buy?
    Zacks3 months ago

    Blackstone Mortgage Trust (BXMT) Earnings Expected to Grow: Should You Buy?

    Blackstone Mortgage (BXMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • PR Newswire3 months ago

    Blackstone Mortgage Trust Announces Tax Treatment Of 2018 Dividends

    NEW YORK , Jan. 25, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced the tax treatment of its 2018 class A common stock dividends. The following table summarizes Blackstone ...

  • PR Newswire3 months ago

    Blackstone Mortgage Trust Announces Fourth Quarter and Full Year 2018 Earnings Release and Conference Call

    NEW YORK , Jan. 23, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced that it will publish its fourth quarter and full year 2018 earnings presentation on its website at ...

  • 6 Stocks With Low Price-Sales Ratios
    GuruFocus.com4 months ago

    6 Stocks With Low Price-Sales Ratios

    Royal Dutch Shell tops the list

  • Blackstone Mortgage Trust Inc (BXMT): Are Hedge Funds Right About This Stock?
    Insider Monkey4 months ago

    Blackstone Mortgage Trust Inc (BXMT): Are Hedge Funds Right About This Stock?

    Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and […]

  • Will Blackstone Mortgage Trust Inc’s (NYSE:BXMT) Earnings Grow Over The Next Year?
    Simply Wall St.5 months ago

    Will Blackstone Mortgage Trust Inc’s (NYSE:BXMT) Earnings Grow Over The Next Year?

    In September 2018, Blackstone Mortgage Trust Inc (NYSE:BXMT) announced its earnings update. Overall, analyst forecasts seem fairly subdued, as a 10% rise in profits is expected in the upcoming year, Read More...