Blackstone Mortgage Trust stock gains 1.18 percent near yearly low

Published on 10/06/2026 at 16:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Blackstone Mortgage Trust stock was at USD 11.14 on October 6, 2026, up 1.18 percent after a new yearly low. Q2 distributable earnings covered the dividend.

BXMT, US09257W1009, Illustration mit AI erstellt.

Blackstone Mortgage Trust stock (ISIN US09257W1009) was trading at USD 11.14 on the NYSE on October 6, 2026, up 1.18 percent from the prior close. The move follows a fresh 52-week low of USD 10.78, leaving the stock 3.34 percent above that level while the market capitalization stood at USD 1.9 billion.

Q2 earnings covered the dividend

Blackstone Mortgage Trust reported a GAAP net loss of USD 0.48 per share for the second quarter of 2026, while distributable earnings reached USD 0.31 per share. According to Yahoo Finance, distributable earnings before realized gains and losses were USD 0.48 per share, down USD 0.01 from the prior quarter and sufficient to cover the USD 0.47 dividend.

The earnings mix matters because realized losses weighed on the GAAP result. The company said distributable earnings included USD 29.0 million of realized losses, primarily connected with the resolution of an impaired Dallas multifamily loan, according to the July 30, 2026 earnings call carried by Yahoo Finance.

Portfolio rotation raises the stakes

Management reported USD 1.2 billion of loan repayments and USD 1.4 billion of new investments in Q2 2026. The company originated USD 1.1 billion of loans at an average loan-to-value ratio of 61 percent, with residential and industrial assets taking a larger role in the investment mix.

The counter-factor is credit pressure in legacy assets. The Q2 call said the watchlist totaled USD 2.0 billion, down from USD 2.5 billion in the prior quarter, while the loan portfolio was 97 percent performing at quarter-end. Management also said office exposure had fallen from 36 percent to 21 percent of the portfolio, a 15 percentage point reduction, as capital moved toward more diversified strategies.

Analysts see a wide valuation gap

MarketBeat lists a Hold consensus from nine analysts, with four Buy ratings, three Holds and two Sells. Its average price target is USD 19.20, which lies 72.4 percent above the October 6, 2026 NYSE price of USD 11.14, making the gap between analyst expectations and the live quote a central valuation issue.

Blackstone Mortgage Trust also declared a USD 0.47 per-share dividend for the third quarter of 2026, payable on October 15, 2026, to shareholders of record as of September 30, 2026, according to Business Wire.

Stock trades near its yearly low

BXMT stock was trading at USD 11.14 on the NYSE at 10:33 a.m. ET on October 6, 2026. The session range was USD 11.03 to USD 11.19, while the 52-week range was USD 10.78 to USD 20.67.