JPMorgan Chase & Co. Cuts Blackstone Mortgage Trust (NYSE:BXMT) Price Target to $19.00

Posted by George Bondi on Jul 20th, 2026

Blackstone Mortgage Trust (NYSE:BXMT – Free Report) had its price target reduced by JPMorgan Chase & Co. from $20.00 to $19.00 in a report issued on Friday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on BXMT. Zacks Research lowered shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. UBS Group assumed coverage on shares of Blackstone Mortgage Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 price target on the stock. Weiss Ratings cut shares of Blackstone Mortgage Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. Finally, Keefe, Bruyette & Woods dropped their price objective on Blackstone Mortgage Trust from $20.50 to $20.00 and set an “outperform” rating for the company in a report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.75.

Check Out Our Latest Analysis on BXMT

Blackstone Mortgage Trust Price Performance

NYSE BXMT opened at $17.07 on Friday. The company has a market cap of $2.88 billion, a P/E ratio of 27.99 and a beta of 0.90. Blackstone Mortgage Trust has a 12 month low of $16.72 and a 12 month high of $20.67. The company has a 50-day moving average of $17.82 and a 200-day moving average of $18.81.

Blackstone Mortgage Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 11.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Blackstone Mortgage Trust’s payout ratio is currently 308.20%.

Insider Activity

In related news, President Fernando Austin Pena sold 1,670 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $17.07, for a total transaction of $28,506.90. Following the completion of the sale, the president owned 72,899 shares of the company’s stock, valued at approximately $1,244,385.93. This represents a 2.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 5,420 shares of company stock worth $95,233. 1.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Blackstone Mortgage Trust by 36.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 578,444 shares of the real estate investment trust’s stock valued at $10,649,000 after acquiring an additional 155,421 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Blackstone Mortgage Trust by 2,836.1% during the 4th quarter. SG Americas Securities LLC now owns 214,626 shares of the real estate investment trust’s stock valued at $4,106,000 after acquiring an additional 207,316 shares in the last quarter. Apollon Wealth Management LLC boosted its position in Blackstone Mortgage Trust by 103.3% during the 4th quarter. Apollon Wealth Management LLC now owns 86,573 shares of the real estate investment trust’s stock worth $1,656,000 after purchasing an additional 43,996 shares during the period. Shikiar Asset Management Inc. boosted its position in Blackstone Mortgage Trust by 96.4% during the 1st quarter. Shikiar Asset Management Inc. now owns 174,700 shares of the real estate investment trust’s stock worth $3,346,000 after purchasing an additional 85,750 shares during the period. Finally, Advisors Capital Management LLC boosted its position in Blackstone Mortgage Trust by 3.5% during the 4th quarter. Advisors Capital Management LLC now owns 1,166,928 shares of the real estate investment trust’s stock worth $22,323,000 after purchasing an additional 39,275 shares during the period. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Company Profile

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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.