Blackstone Mortgage Trust, Inc.

Valuation Analysis

About the Company

Blackstone Mortgage Trust, Inc., a real estate finance company, originates, acquires, and manages loans and other debt or credit-oriented investments collateralized by or relating to commercial real estate. The company's investment portfolio consists of senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets. It has operations in the United States, the United Kingdom, Ireland, Australia, Spain, Sweden, Canada, rest of Europe, and internationally. It operates as a real estate investment trust for federal income tax purposes. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was incorporated in 1998 and is headquartered in New Yor

Blackstone Mortgage Trust, Inc. Stock at a Glance

Blackstone Mortgage Trust, Inc. (BXMT) is currently trading at $18.15 with a market capitalization of $3.1B. The trailing P/E ratio stands at 30.25x, with a forward P/E of 9.27x. The 52-week range spans from $17.67 to $20.67; the current price is 12.2% below the yearly high. Year-over-year revenue growth stands at +34.9%. The net profit margin stands at 22.19%.

💰 Dividend

Blackstone Mortgage Trust, Inc. pays an annual dividend of $1.88 per share, representing a yield of 10.36%. The payout ratio stands at 313.33%. The elevated payout ratio reflects a mature dividend policy.

📊 Analyst Rating

8 analysts rate Blackstone Mortgage Trust, Inc. (BXMT) on consensus: Buy. The average price target is $20.94, implying +15.36% from the current price. Analyst price targets range from $19.50 to $23.00.

Blackstone Mortgage Trust, Inc.: The Investment Case in Detail

Blackstone Mortgage Trust, Inc. (BXMT) operates in the Real Estate — specifically REIT - Mortgage — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Top-line momentum is unusually strong with revenue expanding 34.9% year-over-year, a pace that puts the company well above the market average and signals genuine demand traction rather than mere cyclical tailwind. With a gross margin near 100%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Wall Street consensus sits at Buy with an average price target implying roughly 15.36% upside from current levels — analyst sentiment is firmly constructive.

The Bear Case

The debt-to-equity ratio of 465.17% is elevated, meaning the company relies heavily on creditors — refinancing terms will become more important than operational performance in the next economic downturn.

What to Watch Next

• The forward P/E of 9.27x is meaningfully below the trailing 30.25x — analysts expect earnings to step up; the next earnings release is the test.
• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Risk Profile

The data points to relatively defensive market behavior, elevated short interest (6.05%), higher leverage relative to equity.

Trading Data

💵 Dividend Info

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