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Blackstone Mortgage Trust, Inc. (BXMT)

Real Estate | REIT - Mortgage | New York, United States | NYSE
13.73 USD -0.08 (-0.579%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 13.78 +0.05 (0.364%) ⇧ (Aug. 28, 2026, 7:58 p.m. EDT)

Short-term:★☆☆☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take | Aug. 22, 2026, 5:15 a.m. EDT

The investment case here is fundamentally broken despite the attractive headline yield. The business is generating negative operating margins (-3.7%) and has seen revenue collapse by nearly 73% year-over-year. The stock trades at a premium multiple of 44x enterprise revenue, which is absurd for a company with deteriorating fundamentals and a massive debt load relative to equity. The price action confirms this distress, having erased over 32% of its value over the last nine years. While the dividend yield of 13% looks generous, it is a trap; the payout ratio sits at 23.5%, but the company is burning cash, making sustainability highly questionable. The recent news of a downgrade and book value drop further cements the thesis of a value trap. Options activity reflects this fear, with traders stacking up cheap insurance against further declines rather than betting on a recovery. This is a 'sell' situation where the market is correctly pricing in a lack of growth and potential capital destruction.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.042436
AutoARIMA0.058496
AutoETS0.058497
MSTL0.059327

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 36%
H-stat 21.53
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 2.30
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-29
Last Dividend Date 2026-06-29
Debt to Equity Ratio 484.696
Revenue per Share 2.375
Market Cap 2,314,103,296
Trailing P/E 171.63
Forward P/E 8.86
Beta 0.95
Profit Margins 3.84%
Website https://www.blackstonemortgagetrust.com

As of Aug. 22, 2026, 5:15 a.m. EDT: Speculators are positioning heavily for downside protection, evidenced by massive open interest in deep out-of-the-money puts (strikes at 8.0 and 17.0) expiring in early 2027. While there is some call volume at higher strikes (20.0-22.0), the overwhelming capital deployment is in put writing and buying, suggesting a consensus view that the asset will struggle to recover from current lows without significant volatility.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.77% 10.24% 10.86% 10.56%
Dividend History
Date Dividend Yield %
2026-06-30 0.47 2.772861
2026-03-31 0.47 2.454308
2025-12-31 0.47 2.456874
2025-09-30 0.47 2.552960
2025-06-30 0.47 2.441558
2025-03-31 0.47 2.350000
2024-12-31 0.47 2.699598
2024-09-30 0.47 2.472383
2024-06-28 0.62 3.559127
2024-03-27 0.62 3.134479
2023-12-28 0.62 2.831050
2023-09-28 0.62 2.846648
2023-06-29 0.62 3.012634
2023-03-30 0.62 3.530752
2022-12-29 0.62 2.891791
2022-09-29 0.62 2.590890
2022-06-29 0.62 2.223019
2022-03-30 0.62 1.944183
2021-12-30 0.62 2.007772
2021-09-29 0.62 2.016260
2021-06-29 0.62 1.930262
2021-03-30 0.62 1.975781
2020-12-30 0.62 2.254545
2020-09-29 0.62 2.795311
2020-06-29 0.62 2.569416
2020-03-30 0.62 3.179487
2019-12-30 0.62 1.665324
2019-09-27 0.62 1.734751
2019-06-27 0.62 1.753394
2019-03-28 0.62 1.804949
2018-12-28 0.62 1.935685
2018-09-27 0.62 1.857400
2018-06-28 0.62 1.959545
2018-03-28 0.62 1.988454
2017-12-28 0.62 1.912990
2017-09-28 0.62 1.998710
2017-06-28 0.62 1.949686
2017-03-29 0.62 2.009073
2016-12-28 0.62 2.073579
2016-09-28 0.62 2.080537
2016-06-28 0.62 2.292899
2016-03-29 0.62 2.320359
2015-12-29 0.62 2.289513
2015-09-28 0.62 2.272727
2015-06-26 0.52 1.851852
2015-03-27 0.52 1.867145
2014-12-29 0.52 1.775956
2014-09-26 0.50 1.822822
2014-06-26 0.48 1.656886
2014-03-27 0.48 1.673640
2013-12-27 0.45 1.651376
2013-09-26 0.27 1.058824
2012-12-21 20.00 109.890105
2008-09-26 6.00 4.470939
2008-06-26 8.00 4.275788
2008-03-27 8.00 2.936858
2007-12-27 27.00 8.379888
2007-09-26 8.00 2.265647
2007-06-27 8.00 2.294894
2007-03-28 8.00 1.754771
2006-12-27 14.00 2.796644
2006-09-27 7.50 1.792972
2006-06-28 7.00 2.127660
2006-03-29 6.00 1.942376
2005-12-28 8.00 2.672011
2005-09-28 5.50 1.731193
2005-06-28 5.50 1.655629
2005-03-29 5.50 1.676829
2004-12-29 5.00 1.650165
2004-09-10 4.50 1.605996
2004-06-28 4.50 1.688555
2004-03-29 4.50 1.771654
2003-12-29 4.50 1.977153
2003-09-26 4.50 2.271580
2003-06-26 4.50 2.343750
2003-03-27 4.50 2.564103
1995-08-08 0.75 1.428571
1994-08-08 1.50 2.857143
1994-04-14 0.36 0.564706
1993-06-07 3.75 5.000000
1993-05-28 1.50 2.222222
1993-02-26 1.50 2.222222
1992-11-19 1.50 2.352941
1992-09-08 1.50 2.666667
1992-05-19 1.50 2.352941
1992-02-20 1.50 2.222222
1991-11-12 1.50 2.222222
1991-07-18 3.00 3.636364
1991-03-15 3.00 3.809524
1990-11-21 3.00 4.444444
1990-07-25 3.00 3.478261
1990-04-24 3.00 3.636364
1990-01-22 3.00 3.809524
1989-10-25 1.50 1.428571
1989-07-11 4.50 4.137931
1989-03-10 3.00 2.500000
1988-10-19 3.00 2.000000
1988-06-14 2.40 1.641026
1988-03-09 5.10 3.162791
1987-11-30 5.10 3.238095
1987-09-09 5.10 2.833333
1987-06-09 4.50 2.352941
1987-03-04 4.50 2.068966
Additional Data
dividendRate 1.88
dividendYield 13.61
exDividendDate 2026-06-30
trailingAnnualDividendRate 1.88
trailingAnnualDividendYield 0.13613324
lastDividendValue 0.47
lastDividendDate 2026-06-30
dividendDate 2026-07-15

Info Dump

Attribute Value
52 Week Change -0.29043925
Address1 345 Park Avenue
Address2 24th Floor
All Time High 559.7
All Time Low 8.0
Ask 13.83
Ask Size 1,100
Audit Risk 4
Average Analyst Rating 2.0 - Buy
Average Daily Volume10 Day 1,796,050
Average Daily Volume3 Month 1,949,385
Average Volume 1,949,385
Average Volume10Days 1,796,050
Beta 0.949
Bid 13.72
Bid Size 1,000
Board Risk 5
Book Value 19.124
City New York
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 6
Country United States
Crypto Tradeable 0
Currency USD
Current Price 13.73
Current Ratio 98.576
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 13.8998
Day Low 13.61
Debt To Equity 484.696
Display Name Blackstone Mortgage Trust
Dividend Date 1,784,073,600
Dividend Rate 1.88
Dividend Yield 13.61
Earnings Call Timestamp End 1,785,416,400
Earnings Call Timestamp Start 1,785,416,400
Earnings Timestamp 1,785,414,600
Earnings Timestamp End 1,793,190,600
Earnings Timestamp Start 1,793,190,600
Ebitda Margins 0.0
Enterprise To Revenue 43.934
Enterprise Value 17,687,212,032
Eps Current Year 1.26782
Eps Forward 1.54963
Eps Trailing Twelve Months 0.08
Esg Populated 0
Ex Dividend Date 1,782,777,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 212 655 0044
Fifty Day Average 15.856
Fifty Day Average Change -2.1260004
Fifty Day Average Change Percent -0.13408177
Fifty Two Week Change Percent -29.043924
Fifty Two Week High 20.67
Fifty Two Week High Change -6.9400005
Fifty Two Week High Change Percent -0.3357523
Fifty Two Week Low 13.61
Fifty Two Week Low Change 0.119999886
Fifty Two Week Low Change Percent 0.0088170385
Fifty Two Week Range 13.61 - 20.67
Financial Currency USD
First Trade Date Milliseconds 346,948,200,000
Five Year Avg Dividend Yield 10.6
Float Shares 158,908,922
Forward Eps 1.54963
Forward P E 8.860179
Full Exchange Name NYSE
Fullday Change -0.0800009
Fullday Change Percent -0.579297
Fullday Price 13.78
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 1.0
Gross Profits 402,587,008
Has Pre Post Market Data 1
Held Percent Insiders 0.013200001
Held Percent Institutions 0.67432
Implied Shares Outstanding 168,543,591
Industry REIT - Mortgage
Industry Disp REIT - Mortgage
Industry Key reit-mortgage
Ir Website http://www.blackstonemortgagetrust.com/investor-relations/
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,777,600
Last Dividend Value 0.47
Last Fiscal Year End 1,767,139,200
Last Split Date 1,367,884,800
Last Split Factor 1:10
Long Business Summary 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 York, New York.
Long Name Blackstone Mortgage Trust, Inc.
Market us_market
Market Cap 2,314,103,296
Market State CLOSED
Max Age 86,400
Message Board Id finmb_258279
Most Recent Quarter 1,782,777,600
Net Income To Common 15,438,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 2,327,586,991
Number Of Analyst Opinions 7
Open 13.82
Operating Cashflow 353,064,000
Operating Margins -3.69142
Overall Risk 5
Payout Ratio 23.5
Peg Ratio -0.25
Phone 212 655 0220
Post Market Change 0.05000019
Post Market Change Percent 0.36416745
Post Market Price 13.78
Post Market Time 1,787,961,494
Previous Close 13.81
Price Eps Current Year 10.829613
Price Hint 2
Price To Book 0.717946
Price To Sales Trailing12 Months 5.7480826
Profit Margins 0.03835
Quick Ratio 98.554
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.0
Region US
Regular Market Change -0.0800009
Regular Market Change Percent -0.579297
Regular Market Day High 13.8998
Regular Market Day Low 13.61
Regular Market Day Range 13.61 - 13.8998
Regular Market Open 13.82
Regular Market Previous Close 13.81
Regular Market Price 13.73
Regular Market Time 1,787,947,202
Regular Market Volume 1,811,274
Return On Assets 0.00077
Return On Equity 0.00448
Revenue Growth -0.731
Revenue Per Share 2.375
Sand P52 Week Change 0.20204377
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 6
Shares Outstanding 168,543,591
Shares Percent Shares Out 0.0698
Shares Short 11,762,891
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 9,253,423
Short Name Blackstone Mortgage Trust, Inc.
Short Percent Of Float 0.0955
Short Ratio 4.64
Source Interval 15
State NY
Symbol BXMT
Target High Price 23.0
Target Low Price 16.0
Target Mean Price 18.85714
Target Median Price 18.0
Total Cash 480,740,992
Total Cash Per Share 2.819
Total Debt 15,823,321,088
Total Revenue 402,587,008
Tradeable 0
Trailing Annual Dividend Rate 1.88
Trailing Annual Dividend Yield 0.13613324
Trailing Eps 0.08
Trailing P E 171.625
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 18.33925
Two Hundred Day Average Change -4.609251
Two Hundred Day Average Change Percent -0.25133258
Type Disp Equity
Volume 1,811,274
Website https://www.blackstonemortgagetrust.com
Zip 10,154