Blackstone Mortgage Trust (NYSE:BXMT) Given New $21.50 Price Target at Keefe, Bruyette & Woods

Blackstone Mortgage Trust (NYSE:BXMT) had its price objective raised by Keefe, Bruyette & Woods from $21.00 to $21.50 in a research report released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Blackstone Mortgage Trust from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a research note on Monday, December 29th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $23.00 target price on shares of Blackstone Mortgage Trust in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.13.

Blackstone Mortgage Trust Stock Down 1.5%

Shares of BXMT opened at $19.72 on Thursday. The stock has a market cap of $3.31 billion, a P/E ratio of 30.33 and a beta of 1.07. The business’s 50 day moving average price is $19.64 and its 200-day moving average price is $19.14. Blackstone Mortgage Trust has a 52 week low of $16.51 and a 52 week high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 9.5%. Blackstone Mortgage Trust’s dividend payout ratio is 303.23%.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, President Fernando Austin Pena sold 3,131 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $19.24, for a total transaction of $60,240.44. Following the completion of the sale, the president directly owned 78,633 shares in the company, valued at approximately $1,512,898.92. The trade was a 3.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 5,049 shares of company stock valued at $98,716. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Baker Avenue Asset Management LP bought a new position in shares of Blackstone Mortgage Trust during the 2nd quarter valued at approximately $1,588,000. Crewe Advisors LLC purchased a new stake in Blackstone Mortgage Trust during the second quarter valued at $1,080,000. Advisors Capital Management LLC raised its stake in Blackstone Mortgage Trust by 4.4% during the second quarter. Advisors Capital Management LLC now owns 1,078,886 shares of the real estate investment trust’s stock valued at $20,769,000 after purchasing an additional 45,871 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Blackstone Mortgage Trust during the second quarter valued at $844,000. Finally, KLP Kapitalforvaltning AS grew its stake in shares of Blackstone Mortgage Trust by 2.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 34,600 shares of the real estate investment trust’s stock worth $680,000 after buying an additional 900 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust News Summary

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

• Positive Sentiment: Analysts raised price targets and reiterated buys — Keefe, Bruyette & Woods raised its price target to $21.50 and kept an “outperform” rating, implying upside; BTIG reaffirmed a buy. These actions signal analyst confidence in BXMT’s outlook. KBW Price Target Raise BTIG Reaffirms Buy
• Positive Sentiment: Operational strength: management highlighted a ~99% performing portfolio, continued portfolio rotation, and plans to increase loan originations — positive for future earnings and credit quality. Portfolio Rotation & Originations
• Positive Sentiment: Deal activity and returns: BXMT reported $7B of new investments in 2025 and a reported 21% total return for the year — evidence of active deployment and strong realized performance. New Investments & Total Return
• Positive Sentiment: Earnings beat on a core metric: Zacks reports BXMT posted $0.51 adjusted EPS vs. a $0.22 consensus — a positive surprise that supports distributable earnings trends. Zacks Earnings Beat
• Neutral Sentiment: Company release & presentation — Business Wire and the slide deck provide management commentary showing net income and distributable metrics; useful for modeling but contain mixed signals between GAAP and distributable figures. Business Wire Release & Slides
• Neutral Sentiment: Earnings call transcripts and slide deck are available for detail — read management’s commentary on credit trends, originations, and capital deployment to judge sustainability. MSN Transcript Seeking Alpha Transcript
• Negative Sentiment: Large GAAP EPS miss on headline numbers — MarketBeat flagged GAAP EPS of ($2.07) for the quarter, well below consensus, reflecting charge-offs or mark-to-market items that spooked some investors and drove intraday weakness. GAAP EPS Miss / MarketBeat

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.