Blackstone Mortgage Trust stock fell 3.54 percent on October 2

Published on 10/04/2026 at 23:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Blackstone Mortgage Trust stock was last at USD 10.90 on October 2, 2026, close to its USD 10.88 52-week low. Adjusted EPS missed consensus at USD 0.31.

BXMT, US09257W1009, Illustration mit AI erstellt.

Blackstone Mortgage Trust stock (ISIN US09257W1009) was last at USD 10.90 on the NYSE on October 2, 2026, down 3.54 percent from the prior session. The move left BXMT just USD 0.02 above its 52-week low of USD 10.88, while its market capitalization stood at USD 1.8 billion.

Dividend support meets earnings pressure

The latest company catalyst is income-oriented rather than growth-driven. Blackstone Mortgage Trust declared a USD 0.47 per-share dividend for the third quarter of 2026 on September 15, 2026. The payment is scheduled for October 15, 2026, for shareholders of record on September 30, 2026.

The payout keeps the quarterly distribution unchanged at USD 0.47, giving investors a clearly defined cash-flow date while the share price remains close to its yearly floor. BXMT's portfolio is centered on senior loans secured by commercial real estate across North America, Europe and Australia.

Adjusted EPS missed by USD 0.10

MarketBeat reported that BXMT's second-quarter 2026 adjusted earnings were USD 0.31 per share, below the USD 0.41 consensus estimate. Revenue reached USD 158.06 million, exceeding the USD 157.32 million forecast for the same quarter.

That split matters for the stock: revenue slightly surpassed expectations, but the USD 0.10 adjusted EPS shortfall points to pressure on earnings conversion. The finance statements show a consolidated net loss of USD 81.3 million and a net margin of negative 51 percent for Q2 2026, figures that differ in type from the distributable earnings measure used in the analyst comparison.

Analysts still see higher value

The consensus remains Hold among nine brokerages, with four Buy ratings, three Hold ratings and two Sell ratings, according to MarketBeat on September 23, 2026. The average 12-month price target is USD 19.20, which places the target USD 8.30 above the October 2 price.

Recent individual views have also been cautious. MarketBeat reported that Keefe, Bruyette and Woods lowered its target from USD 20.00 to USD 16.00 while keeping a Market Perform rating, and JPMorgan cut its target from USD 19.00 to USD 18.00 while retaining Overweight, both in July 2026.

BXMT stock stays near yearly low

BXMT was last at USD 10.90 on the NYSE at 4:00 p.m. ET on October 2, 2026, with a session range of USD 10.88 to USD 11.47. The contrast between the USD 0.47 dividend and the USD 0.31 adjusted quarterly EPS keeps cash distribution and credit performance at the center of the stock's investor debate.