Blackstone Mortgage Trust, Inc. Class A (BXMT)

Over the past six months, BXMT's stock price has been impacted by several events. The stock has seen a decrease of 3.07% in the past month and a 5.57% decrease over the last 12 months, though it has an 8.64% year-to-date return. In Q4 2024, the company reported an EPS of $-1.17, missing analyst estimates, and revenue fell short, with significant realized losses and foreclosures. In Q1 2025, BXMT reported an EPS of $0.42, beating forecasts, and revenue exceeded expectations, but the stock dipped. In Q2 2025, the company reported a net income of $7.0 million, with an EPS of $0.19, which was below analyst estimates. Blackstone Mortgage Trust declared a $0.47 per share dividend for Q3 2025. Katie Keenan was appointed CEO of BREIT and Global Head of Core+ Real Estate, and Tim Johnson was appointed CEO of BXMT, with Jean Hsu appointed to the Board of Directors. Insiders have sold more company stock than they have bought, with CEO Katharine A. Keenan selling 4,593 shares in September 2025.

While specific seasonal patterns for Blackstone Mortgage Trust's products and services are not explicitly detailed, the demand for commercial real estate mortgage borrowing and lending is influenced by broader economic trends and interest rate decisions. Commercial real estate mortgage borrowing and lending saw a 16% increase in 2024 compared to 2023, but a 39% decrease from 2022. The company is actively growing new loans, particularly in the multifamily, industrial, and self-storage sectors, suggesting these areas currently present strong demand. The company's performance and future mortgage loan demand are also impacted by Federal Reserve decisions on interest rates.

Blackstone Mortgage Trust, Inc. (BXMT) is a real estate finance company that originates and acquires senior, floating-rate mortgage loans, collateralized by first-priority mortgages on commercial real estate assets across North America, Europe, and Australia. The company operates as a real estate investment trust (REIT) for federal income tax purposes, within the Real Estate sector and the REIT - Mortgage industry.

BXMT's geographic footprint spans North America, Europe, and Australia. In the United States, its portfolio is diversified across various states and regions, including New York (16%), California (11%), Florida (7%), Texas (6%), and others. The company also has a presence in the UK (16% as of October 2024) and Canada (2% as of March 2025). Its US investments are concentrated in the Sunbelt (25%), Northeast (20%), and West (13%) regions.

In the past year, Blackstone Mortgage Trust's brand reputation has faced scrutiny. Weiss Ratings assigned the stock a "Sell (D+)" rating in October 2025, indicating concerns about its investment potential. Analysts generally have a "Hold" consensus rating for the stock, with price targets ranging from $18.50 to $20.00, reflecting market uncertainty. A short thesis published by Muddy Waters Research in December 2023 argued that a "perfect macro storm" could force BXMT to cut its dividend and potentially lead to a "liquidity crisis."

Blackstone Mortgage Trust, Inc. has a diverse ownership structure. Institutional shareholders hold approximately 62.31% of the stock, while Blackstone Mortgage Trust insiders own about 7.79%, and retail investors hold 29.91%. Major institutional owners include BlackRock, Inc. (15.45%), Vanguard Group Inc. (10.39%), and Blackstone Inc. (5.01%). Other significant institutional holders are iShares Core S&P Small-Cap ETF, State Street Corp, and Morgan Stanley. Berkley W R Corp is noted as the largest individual shareholder, owning 2.24% of the company's shares.