Blackstone Mortgage Trust, Inc. (BXMT)Real Estate | REIT - Mortgage | New York, United States | NYSE
16.82 USD
-0.23
(-1.349%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 16.90 +0.08 (0.476%) ⇧ (July 13, 2026, 7:38 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 3:09 a.m. EDT
Blackstone Mortgage Trust presents a classic value trap scenario where a spectacular dividend yield masks deteriorating operational fundamentals. The stock is trading at a significant discount to its book value, yet the business is generating negligible returns on equity and posting negative operating margins. This disconnect suggests the market has correctly identified that the underlying mortgage assets are underperforming, rendering the low price a reflection of poor quality rather than a bargain. The 11% dividend yield is enticing but dangerous; while the payout ratio appears mathematically low due to depressed earnings, the company is cutting distributions (dropping from $0.62 to $0.47), which signals that current cash flows cannot sustain the previous level. The heavy options positioning in deep out-of-the-money puts confirms that sophisticated investors are betting on further weakness. For a long-term holder, the lack of revenue growth and negative operating leverage makes this a poor compounding vehicle, despite the headline yield. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.076008 |
| AutoETS | 0.083446 |
| AutoARIMA | 0.083447 |
| MSTL | 0.084525 |
| MSTL_105 | 0.121005 |
Forecast horizon: 60 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 43% |
| H-stat | 10.24 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.314 |
| Excess Kurtosis | -0.62 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-06-29 |
| Last Dividend Date | 2026-06-29 |
| Debt to Equity Ratio | 465.17 |
| Revenue per Share | 2.743 |
| Market Cap | 2,837,256,704 |
| Trailing P/E | 28.03 |
| Forward P/E | 8.65 |
| Beta | 0.94 |
| Profit Margins | 22.19% |
| Website | https://www.blackstonemortgagetrust.com |
As of July 11, 2026, 3:09 a.m. EDT: Speculators are positioning heavily for downside protection, evidenced by massive open interest in deep out-of-the-money puts expiring in January 2027 (over 22,000 contracts at the $8 strike). While there is some call volume at higher strikes ($20-$22), the overwhelming capital allocation is in put writing and buying, suggesting a bearish bias or a hedge against a prolonged decline rather than a bullish breakout.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 2.77% | 10.24% | 10.86% | 10.56% |
| 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 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.14407629 |
| Address1 | 345 Park Avenue |
| Address2 | 24th Floor |
| All Time High | 559.7 |
| All Time Low | 8.0 |
| Ask | 0.0 |
| Ask Size | 500 |
| Audit Risk | 4 |
| Average Daily Volume10 Day | 1,749,770 |
| Average Daily Volume3 Month | 1,503,300 |
| Average Volume | 1,503,300 |
| Average Volume10Days | 1,749,770 |
| Beta | 0.94 |
| Bid | 0.0 |
| Bid Size | 800 |
| Board Risk | 5 |
| Book Value | 19.956 |
| 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 | 16.82 |
| Current Ratio | 99.919 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 17.089 |
| Day Low | 16.72 |
| Debt To Equity | 465.17 |
| Display Name | Blackstone Mortgage Trust |
| Dividend Date | 1,784,073,600 |
| Dividend Rate | 1.88 |
| Dividend Yield | 11.03 |
| Earnings Call Timestamp End | 1,777,467,600 |
| Earnings Call Timestamp Start | 1,777,467,600 |
| Earnings Timestamp | 1,777,465,800 |
| Earnings Timestamp End | 1,785,328,200 |
| Earnings Timestamp Start | 1,785,328,200 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 38.967 |
| Enterprise Value | 18,195,980,288 |
| Eps Current Year | 1.45387 |
| Eps Forward | 1.94373 |
| Eps Trailing Twelve Months | 0.6 |
| 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 | 18.0958 |
| Fifty Day Average Change | -1.2758007 |
| Fifty Day Average Change Percent | -0.07050259 |
| Fifty Two Week Change Percent | -14.407629 |
| Fifty Two Week High | 20.67 |
| Fifty Two Week High Change | -3.8500004 |
| Fifty Two Week High Change Percent | -0.1862603 |
| Fifty Two Week Low | 16.72 |
| Fifty Two Week Low Change | 0.10000038 |
| Fifty Two Week Low Change Percent | 0.005980884 |
| Fifty Two Week Range | 16.72 - 20.67 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 346,948,200,000 |
| Five Year Avg Dividend Yield | 10.6 |
| Float Shares | 159,499,133 |
| Forward Eps | 1.94373 |
| Forward P E | 8.653465 |
| Full Exchange Name | NYSE |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 1.0 |
| Gross Profits | 466,956,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.01307 |
| Held Percent Institutions | 0.67693 |
| Implied Shares Outstanding | 168,683,520 |
| Industry | REIT - Mortgage |
| Industry Disp | REIT - Mortgage |
| Industry Key | reit-mortgage |
| Ir Website | http://www.blackstonemortgagetrust.com/investor-relations/ |
| Is Earnings Date Estimate | 1 |
| 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 | 2,837,256,704 |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_258279 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | 103,629,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 2,876,054,016 |
| Number Of Analyst Opinions | 8 |
| Open | 16.88 |
| Operating Cashflow | 345,084,000 |
| Operating Margins | -0.06141 |
| Overall Risk | 5 |
| Payout Ratio | 3.1332998 |
| Peg Ratio | -0.25 |
| Phone | 212 655 0220 |
| Post Market Change | 0.07999992 |
| Post Market Change Percent | 0.47562382 |
| Post Market Price | 16.9 |
| Post Market Time | 1,783,985,922 |
| Previous Close | 17.05 |
| Price Eps Current Year | 11.569121 |
| Price Hint | 2 |
| Price To Book | 0.84285426 |
| Price To Sales Trailing12 Months | 6.0760684 |
| Profit Margins | 0.22192 |
| Quick Ratio | 99.866 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.23 |
| Regular Market Change Percent | -1.34897 |
| Regular Market Day High | 17.089 |
| Regular Market Day Low | 16.72 |
| Regular Market Day Range | 16.72 - 17.089 |
| Regular Market Open | 16.88 |
| Regular Market Previous Close | 17.05 |
| Regular Market Price | 16.82 |
| Regular Market Time | 1,783,972,802 |
| Regular Market Volume | 1,657,549 |
| Return On Assets | 0.00524 |
| Return On Equity | 0.02918 |
| Revenue Growth | 0.349 |
| Revenue Per Share | 2.743 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 6 |
| Shares Outstanding | 168,683,520 |
| Shares Percent Shares Out | 0.0517 |
| Shares Short | 8,723,384 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 7,464,705 |
| Short Name | Blackstone Mortgage Trust, Inc. |
| Short Percent Of Float | 0.070700005 |
| Short Ratio | 5.54 |
| Source Interval | 15 |
| State | NY |
| Symbol | BXMT |
| Target High Price | 23.0 |
| Target Low Price | 19.5 |
| Target Mean Price | 20.875 |
| Target Median Price | 20.5 |
| Total Cash | 585,145,984 |
| Total Cash Per Share | 3.419 |
| Total Debt | 15,899,736,064 |
| Total Revenue | 466,956,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 1.88 |
| Trailing Annual Dividend Yield | 0.110263936 |
| Trailing Eps | 0.6 |
| Trailing P E | 28.03333 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 18.89825 |
| Two Hundred Day Average Change | -2.078251 |
| Two Hundred Day Average Change Percent | -0.10997054 |
| Type Disp | Equity |
| Volume | 1,657,549 |
| Website | https://www.blackstonemortgagetrust.com |
| Zip | 10,154 |