Blackstone Mortgage Trust stock nears its 52-week low after Q2 loss

Published on 10/05/2026 at 18:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Blackstone Mortgage Trust stock traded at USD 10.85 on October 5, 2026, with market value at USD 1.8 billion. Analysts held a USD 19.20 average target across nine brokerages.

BXMT, US09257W1009, Illustration mit AI erstellt.

Blackstone Mortgage Trust (ISIN US09257W1009) was trading at USD 10.85 on the NYSE on October 5, 2026, only 0.65 percent above its 52-week low of USD 10.78. The stock's central problem remains visible in the latest results: second-quarter 2026 GAAP EPS was negative USD 0.48.

Q2 loss contrasts with distributable earnings

Business Wire reported that Blackstone Mortgage Trust posted a second-quarter 2026 net loss of USD 81.2 million. The same release listed distributable EPS at USD 0.31 and distributable EPS before realized gains and losses at USD 0.48.

The gap between GAAP and distributable results is material for this mortgage REIT. A USD 0.48 GAAP loss per share alongside USD 0.31 of distributable EPS shows how credit costs and realized losses shaped the quarter rather than simply reflecting recurring cash earnings.

Loan rotation changes portfolio mix

Blackstone Mortgage Trust's second-quarter 2026 call described USD 1.2 billion of loan repayments and USD 1.4 billion of new investments, according to Yahoo Finance. The company also said its loan portfolio ended the quarter at USD 17 billion across 133 loans.

That turnover points to the operating trade-off investors are weighing. The company is replacing seasoned loans with exposures concentrated in residential, industrial and net lease assets, while the second-quarter figures show the cost of credit stress in the income statement.

Consensus target stays above market price

MarketBeat reported a Hold consensus from nine brokerages, with four Buy ratings, three Hold ratings and two Sell ratings. The average 12-month price target was USD 19.20, which lies 77.0 percent above the October 5 price of USD 10.85.

Recent individual actions were less uniform. JPMorgan cut its target from USD 19.00 to USD 18.00, while Wells Fargo reduced its target from USD 22.00 to USD 18.00, according to MarketBeat. The contrast between the USD 19.20 consensus target and the latest market price leaves credit performance as the key valuation test.

BXMT stock trades near yearly low

Blackstone Mortgage Trust was last at USD 10.85 on the NYSE on October 5, 2026 at 12:20 p.m. ET, down 0.55 percent from USD 10.90. Its 52-week range was USD 10.78 to USD 20.67, while market capitalization stood at USD 1.8 billion and volume reached 815,919 shares.