Blackstone Mortgage Trust stock gained 2.18 percent after new low

Published on 10/07/2026 at 05:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Blackstone Mortgage Trust stock gained 2.18 percent to USD 11.25 on October 6, 2026, after a new 52-week low. Q2 EPS missed consensus by USD 0.10.

BXMT, US09257W1009, Illustration mit AI erstellt.

Blackstone Mortgage Trust (ISIN US09257W1009) was last at USD 11.25 on the NYSE on October 6, 2026, up 2.18 percent from USD 11.01. The rebound followed a new 52-week low of USD 10.88 reported by MarketBeat on October 5, 2026. The price remains USD 9.42 below the 52-week high of USD 20.67.

Q2 earnings expose the split

MarketBeat reported that Blackstone Mortgage Trust delivered distributable EPS of USD 0.31 for Q2 2026, missing the USD 0.41 consensus estimate by USD 0.10. Revenue was USD 158.06 million, ahead of the USD 157.32 million consensus estimate by USD 0.74 million.

That combination gives BXMT a difficult earnings profile: the revenue line exceeded expectations, but distributable earnings fell short. The contrast matters because the company is a commercial mortgage REIT, where credit costs and portfolio values can change the earnings picture quickly.

Analysts see upside and risk

The consensus remains Hold among nine brokerages, with four Buy ratings, three Holds and two Sells, according to MarketBeat on September 23, 2026. The average 12-month target is USD 19.20, placing the target USD 7.95 above the October 6 price.

Recent target revisions point to caution. MarketBeat said JPMorgan cut its target from USD 19.00 to USD 18.00, Wells Fargo reduced its target from USD 22.00 to USD 18.00, and Keefe, Bruyette and Woods lowered its target from USD 20.00 to USD 16.00. Each cited rating or target is from July or August 2026, so the current consensus reflects the market response to the Q2 report rather than a new October revision.

Dividend arrives before Q3 results

BXMT declared a USD 0.47 per-share dividend for the third quarter of 2026, payable on October 15, 2026, to holders of record on September 30, 2026, according to the company's Blackstone Mortgage Trust release dated September 15, 2026. The annualized payout is USD 1.88 per share.

The next checkpoint is Q3 2026. MarketBeat lists the results for October 28, 2026, before the market opens, with a consensus EPS estimate of USD 0.26 and expected revenue of USD 148.50 million. For investors, credit provisions, book value and distributable earnings will be the key figures alongside revenue.

BXMT stock stays below USD 12

Blackstone Mortgage Trust had a market capitalization of USD 1.9 billion and traded 4,940,573 shares on October 6, 2026. The session range was USD 10.91 to USD 11.30, leaving the last price USD 0.47 above the 52-week low.