Blackstone Mortgage Trust (NYSE:BXMT) Given New $12.00 Price Target at Keefe, Bruyette & Woods

Posted by Brenda Bartman on Oct 31st, 2026

Blackstone Mortgage Trust (NYSE:BXMT – Free Report) had its price objective trimmed by Keefe, Bruyette & Woods from $13.00 to $12.00 in a research note published on Friday,Benzinga reports. The firm currently has a market perform rating on the real estate investment trust’s stock.

Several other research firms also recently issued reports on BXMT. Raymond James Financial downgraded Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. cut their target price on shares of Blackstone Mortgage Trust from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Wells Fargo & Company reduced their target price on shares of Blackstone Mortgage Trust from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Blackstone Mortgage Trust in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.40.

View Our Latest Report on BXMT

Blackstone Mortgage Trust Stock Up 1.3%

Shares of BXMT stock opened at $11.01 on Friday. The firm has a market capitalization of $1.86 billion, a P/E ratio of 6.14, a P/E/G ratio of 0.25 and a beta of 0.92. Blackstone Mortgage Trust has a twelve month low of $10.11 and a twelve month high of $20.67. The stock’s fifty day simple moving average is $12.24 and its 200 day simple moving average is $16.71.

Blackstone Mortgage Trust (NYSE:BXMT – Get Free Report) last issued its earnings results on Thursday, October 29th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.14. Blackstone Mortgage Trust had a positive return on equity of 9.17% and a negative net margin of 48.18%. The business had revenue of $141.90 million during the quarter, compared to analysts’ expectations of $148.60 million. As a group, equities research analysts expect that Blackstone Mortgage Trust will post 0.91 EPS for the current fiscal year.

Blackstone Mortgage Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be paid a $0.30 dividend. This is a decrease from Blackstone Mortgage Trust’s previous quarterly dividend of $0.47. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Thursday, December 31st. Blackstone Mortgage Trust’s payout ratio is presently 2,088.89%.

Insider Buying and Selling

In related news, Director Henry Nassau bought 10,000 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $14.34 per share, for a total transaction of $143,400.00. Following the completion of the acquisition, the director directly owned 218,523 shares of the company’s stock, valued at approximately $3,133,619.82. The trade was a 4.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 3,716 shares of company stock valued at $46,815 in the last quarter. Corporate insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Blackstone Mortgage Trust

A number of institutional investors have recently modified their holdings of the company. Northside Capital Management LLC bought a new stake in Blackstone Mortgage Trust during the second quarter valued at $28,000. Central Pacific Bank Trust Division raised its position in shares of Blackstone Mortgage Trust by 50.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,000 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Blackstone Mortgage Trust in the 2nd quarter worth about $39,000. Ascentis Independent Advisors acquired a new position in shares of Blackstone Mortgage Trust in the 1st quarter valued at about $41,000. Finally, Covestor Ltd lifted its stake in shares of Blackstone Mortgage Trust by 2,167.3% in the 3rd quarter. Covestor Ltd now owns 5,056 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 4,833 shares during the period. 64.15% of the stock is owned by institutional investors.

Key Blackstone Mortgage Trust News

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

Positive Sentiment: BXMT reported quarterly earnings of $0.38 per share, above the $0.24 analyst consensus. Another estimate cited adjusted earnings of $0.42 per share versus $0.26 expected, and earnings increased from $0.24 a year earlier. Blackstone Mortgage Trust Beats Q3 Earnings Estimates
Positive Sentiment: Management’s efforts to reduce exposure to older office loans could lower future credit risk and improve portfolio quality, although the process is weighing on current results. Blackstone Mortgage Trust Reports Loss as It Cuts Older Office Loans
Neutral Sentiment: Keefe, Bruyette & Woods maintained a “market perform” rating but lowered its price target from $13 to $12, implying approximately 9% potential upside from the referenced price. The revision signals limited near-term conviction. Keefe, Bruyette & Woods BXMT Rating
Negative Sentiment: The REIT posted an unexpected $327.6 million third-quarter net loss, reflecting credit provisions and markdowns associated with its loan portfolio. Revenue of $141.9 million also came in below the $148.6 million consensus estimate. Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss
Negative Sentiment: BXMT cut its quarterly dividend to $0.30 per share from $0.47, a 36.2% reduction. Although the annualized yield remains about 11%, the cut may pressure income-focused investors and raises questions about cash-flow durability.

Blackstone Mortgage Trust Company Profile

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Blackstone Mortgage Trust, Inc is a real estate investment trust that originates and manages senior loans secured by commercial properties. The company primarily provides floating-rate mortgage financing to owners and sponsors of institutional-quality real estate, earning income from interest and other fees associated with its lending activities.

Its loan portfolio has historically included properties across sectors such as office, multifamily, hotel, industrial, retail and life sciences.