Analysts Express Confidence in Blackstone Mortgage Trust’s Outlook

Blackstone Mortgage US09257W1009

Market sentiment toward Blackstone Mortgage Trust (BXMT) received a measured boost following a recent analyst adjustment. While shares demonstrated stability, a key financial institution revised its price target upward for the real estate finance company.

In a move reflecting cautious optimism, J.P. Morgan analyst Richard Shane increased the firm's price target for BXMT to $20.00, up from the previous $19.00. The institution maintained its "Neutral" rating on the stock. This update aligns with a similarly positive stance taken by Keefe, Bruyette & Woods several weeks prior. Analysts at that firm have carried an "Outperform" rating on Blackstone Mortgage Trust since mid-November, accompanied by a $21.00 price objective.

The current average consensus estimate among analysts tracking the stock sits between $20.00 and $20.57, with a general recommendation of "Hold." This growing analyst confidence is largely anchored in the company's October quarterly report.

Strong Quarterly Performance Underpins Analyst Views

For the third quarter of 2025, Blackstone Mortgage Trust reported a significant 18.6% increase in revenue, which reached $133.6 million and surpassed market expectations. The company's distributable earnings per share came in at $0.24, slightly below analyst estimates. A key strength highlighted in the report was the continued robustness of credit quality. Approximately 96% of the loan portfolio was performing as scheduled, with no new non-performing loans identified during the period.

Executive Transactions Executed Under Pre-Arranged Plans

Alongside the analyst commentary, recent transactions by company executives were disclosed. Both Chief Financial Officer Anthony F. Marone, Jr. and Chief Executive Officer Katherine Keenan sold shares on December 1. These sales were conducted pursuant to pre-established 10b5-1 plans, which are typically set up to allow insiders to sell shares at predetermined times. Regulatory filings indicated the transactions were primarily to cover tax obligations associated with the vesting of stock-based compensation awards.

Investor attention now turns to the upcoming release of fourth-quarter 2025 results, scheduled for February 11, 2026. The ongoing health of the loan book and revenue performance within the commercial real estate lending environment remain the focal points for market observers monitoring the trust's trajectory.