Key statistics
Previous close$17.39
Open$17.24
Day high$17.26
Day low$16.85
52-week high$20.67
52-week low$16.72
Market cap2.88B
Volume1.97M
Average volume1.53M
P/E ratio11.94
Forward P/E—
EPS1.43
Dividend yield+11.01%
Market context
Why it moved
BXMT, a mortgage REIT, declined alongside broader weakness in the mortgage REIT sector as renewed geopolitical escalation in Iran drove oil prices higher, pressuring risk assets and raising concerns about the macro environment, even as cooler-than-expected inflation data provided only limited offset.
What is happening
Recent company-specific developments and publisher coverage.
July 18, 2026Blackstone Mortgage Trust fell nearly 2% amid a broader risk-off session, with analyst pressure adding headwinds as JPMorgan cut its price target from $20 to $19 (maintaining Overweight), continuing a trend of trimmed targets across the mortgage REIT space. Investor focus is turning to the company's Q2 earnings release scheduled for July 30, with questions lingering over $970 million in impaired loans and whether adjusted distributable earnings can continue to cover the $0.47 quarterly dividend following a $46 million realized loss tied to a foreclosed San Francisco hotel loan in Q1.-1.7826
July 17, 2026Blackstone Mortgage Trust gained about 1.6% on the session, outperforming a broadly softer real estate sector, as investors responded to the company's maintained $0.47 quarterly dividend — paid July 15 — and management's narrative that adjusted distributable earnings covered the payout for a third consecutive quarter despite a $46M realized loss tied to a foreclosed San Francisco hotel loan. With Q2 2026 earnings due July 30 and analyst fair value estimates around $21 (roughly 23% above current levels), attention is growing around the pace of impaired loan resolution as the key near-term catalyst for the stock.1.5771
July 16, 2026Blackstone Mortgage Trust closed essentially flat as investors look ahead to its Q2 2026 earnings release scheduled for July 30, while today's $0.47 per share Q2 dividend hit stockholder accounts. Sentiment remains cautious given the stock's steep 8-16% pullback over the past one to three months, driven by concerns over $970 million in impaired loans, a Q1 earnings miss versus estimates, and an 11% dividend that analysts flag as not well covered — though some analysts see the stock as undervalued at roughly 24% below the average price target with a fair value estimate near $21.0.117
July 15, 2026Blackstone Mortgage Trust rose nearly 2%, outperforming the real estate sector (XLRE), as investors responded to the company's Q2 2026 earnings release announcement scheduled for July 30 and confirmation of a $0.47/share dividend payable July 15. Broader tailwinds from a softer-than-expected June CPI print (headline inflation fell to 3.5%) lifted rate-sensitive REITs, though analysts continue to flag headwinds including $970M in impaired loans, an uncovered dividend, and a P/E of 27.8x well above mortgage REIT peers—even as some view the stock as undervalued relative to a $21 fair value estimate.1.6647
July 14, 2026Blackstone Mortgage Trust closed modestly lower, brushing its 52-week low of $16.73 intraday, as a risk-off session weighed on rate-sensitive REITs amid renewed U.S.-Iran tensions that sent oil prices surging and pressured broader equities. The backdrop remains challenging for BXMT: analysts carry a consensus 'Moderate Buy' with a $21.00 price target, but recent insider selling and a dividend payout ratio of over 300%—alongside impaired office loans and a recent quarterly net loss—continue to cloud the credit story. An 11% dividend yield and share buybacks provide some support, though investors remain watchful heading into Q2 earnings season.-1.349
July 11, 2026Blackstone Mortgage Trust edged higher Friday, bouncing off a fresh 52-week low of $16.86 hit the prior session, as investors weighed a mixed analyst backdrop against ongoing credit concerns. Keefe, Bruyette & Woods recently trimmed its price target to $20.00 following a maturity default on a $343 million Chicago office tower loan, while Weiss Ratings downgraded the stock to Sell — yet the consensus remains Moderate Buy with a $21.00 average target, and UBS initiated with Buy noting distributable earnings now cover the $0.47 quarterly dividend (11.1% yield). The stock's ~16% one-year decline reflects persistent headwinds from elevated rates and commercial real estate credit stress, even as the broader real estate sector has shown resilience in 2026.1.067
July 10, 2026Blackstone Mortgage Trust closed modestly lower, touching a new 52-week low of $16.84 intraday, as renewed U.S.-Iran geopolitical tensions reignited inflation and interest rate concerns that weigh heavily on rate-sensitive commercial mortgage REITs. Adding to the pressure, Weiss Ratings recently downgraded BXMT to a 'sell,' a maturity default on a $343 million Chicago office loan prompted Keefe, Bruyette & Woods to trim its price target to $20, and the stock's 308% dividend payout ratio continues to draw scrutiny—though UBS resumed coverage with a Buy, citing improving dividend coverage, and the consensus analyst target of $21 implies significant upside from current levels.-0.9395
July 8, 2026Blackstone Mortgage Trust edged lower, hovering near its 52-week low, as a broad risk-off session weighed on the mortgage REIT sector amid renewed U.S.-Iran military exchanges that sent oil surging and Treasury yields climbing — a headwind for rate-sensitive real estate credit names. Despite the macro turbulence, investor focus remains on BXMT's fundamental story: resolving its ~$970 million in impaired loans, redeploying capital into its ~$19 billion floating-rate commercial mortgage portfolio, and sustaining its $0.47 quarterly dividend. A recent addition to the Russell 2000 Dynamic Index could broaden the company's institutional investor base over time, though analysts note near-term catalysts hinge on the pace of impaired asset workouts and earnings resilience.-0.6997
MarketBeat · July 17, 2026JPMorgan Chase & Co. Lowers Blackstone Mortgage Trust (NYSE:BXMT) Price Target to $19.00↗Simply Wall Street · July 16, 2026Will BXMT’s Maintained Dividend Amid San Francisco Loan Loss Change Blackstone Mortgage Trust's Narrative?↗Business Wire · July 14, 2026Blackstone Mortgage Trust Announces Second-Quarter 2026 Earnings Release and Conference Call↗CoStar · January 22, 2026News | Blackstone Mortgage posts strong financial results as it shifts investment focus↗
