Keefe, Bruyette & Woods cuts target to USD 13 for Blackstone Mortgage Trust stock

Published on 10/15/2026 at 22:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Blackstone Mortgage Trust reported a USD 0.48 loss per share for the second quarter of 2026. Blackstone Mortgage Trust stock costs EUR 9.65 on October 15, 2026.

Analyst target and earnings date

Keefe, Bruyette & Woods cut its BXMT target to USD 13.00 on October 9, 2026.
Blackstone Mortgage Trust reported adjusted earnings per share of USD 0.31 against USD 0.41 expected for the second quarter of 2026.
Blackstone Mortgage Trust stock costs EUR 9.65 at 10:18 p.m. CEST at Lang & Schwarz on October 15, 2026.
Blackstone Mortgage Trust plans to publish third-quarter 2026 results on October 29, 2026.

BXMT, US09257W1009, Illustration mit AI erstellt.

Keefe, Bruyette & Woods cut its price target for Blackstone Mortgage Trust from USD 16.00 to USD 13.00 on October 9, 2026, while keeping a Market Perform rating, according to MarketBeat. The USD 13.00 target was 20.59 percent above the USD 10.78 home-exchange price in the same report. Blackstone Mortgage Trust stock was at EUR 9.65 at Lang & Schwarz on October 15, 2026 at 10:18 p.m. CEST.

Earnings put credit risk first

The latest reported quarter showed adjusted earnings per share of USD 0.31, below the USD 0.41 consensus estimate, while revenue reached USD 158.06 million. MarketBeat reported the figures for the quarter released on July 30, 2026. The earnings shortfall gives the lower target a specific operating backdrop, even as revenue exceeded the USD 157.32 million consensus estimate.

Market position stays under review

Blackstone Mortgage Trust is a mortgage real estate investment trust focused on senior loans secured by commercial property. Its June 30, 2026 balance sheet carried USD 19.40 billion of assets and USD 3.26 billion of common shareholders' equity. Net income attributable to common shareholders was negative USD 81.22 million in the second quarter of 2026.

Valuation and the next date

The finance profile places BXMT on the NYSE under the ticker BXMT. The latest market quote showed a USD 1.8 billion market capitalization, a P/E ratio of 134.63 and a dividend yield of 0.17 percent on October 15, 2026. These figures put the target discussion alongside a high reported earnings multiple and a modest trailing yield.

Blackstone Mortgage Trust said on October 7, 2026 that it would publish its third-quarter 2026 presentation and file its Form 10-Q before the market opens on October 29, 2026, followed by a conference call at 9:00 a.m. ET, according to Blackstone Mortgage Trust.

Comparison with peers

Blackstone Mortgage Trust (NYSE, USD): P/E 134.63, market capitalization USD 1.8 billion
Starwood Property Trust (NYSE, USD): plus 1.86 percent, P/E 18.50, market capitalization USD 4.7 billion
Rithm Capital (NYSE, USD): plus 4.37 percent, P/E 14.53, market capitalization USD 4.9 billion

Next report sets the timetable

The October 29, 2026 reporting date is the next scheduled company milestone and will provide the next direct test of earnings, asset quality and dividend coverage. For investors, the combination of the lower analyst target, the second-quarter earnings miss and the high P/E keeps credit performance central to the stock's market narrative.

Blackstone Mortgage Trust stock was trading at EUR 9.65 at Lang & Schwarz on October 15, 2026 at 10:18 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Blackstone Mortgage Trust stock.