Blackstone Mortgage Trust (NYSE:BXMT) Price Target Cut to $20.00 by Analysts at JPMorgan Chase & Co.

Blackstone Mortgage Trust (NYSE:BXMT) had its target price lowered by JPMorgan Chase & Co. from $21.00 to $20.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

A number of other brokerages also recently weighed in on BXMT. BTIG Research reaffirmed a “buy” rating and issued a $23.00 target price on shares of Blackstone Mortgage Trust in a research note on Tuesday, February 10th. Keefe, Bruyette & Woods raised their target price on shares of Blackstone Mortgage Trust from $21.00 to $21.50 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Zacks Research downgraded shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Blackstone Mortgage Trust presently has an average rating of “Moderate Buy” and an average target price of $21.13.

Blackstone Mortgage Trust Price Performance

Shares of BXMT opened at $18.97 on Thursday. The firm’s 50 day simple moving average is $19.28 and its 200 day simple moving average is $19.23. The company has a market capitalization of $3.20 billion, a P/E ratio of 31.09 and a beta of 1.00. Blackstone Mortgage Trust has a 1-year low of $17.67 and a 1-year high of $20.67.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 308.20%.

Insiders Place Their Bets

In related news, President Fernando Austin Pena sold 1,666 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $18.88, for a total value of $31,454.08. Following the sale, the president directly owned 76,967 shares of the company’s stock, valued at $1,453,136.96. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BXMT. Jones Financial Companies Lllp raised its stake in shares of Blackstone Mortgage Trust by 45.5% during the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 536 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Blackstone Mortgage Trust by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 570,233 shares of the real estate investment trust’s stock worth $11,405,000 after acquiring an additional 37,838 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Blackstone Mortgage Trust by 5.0% during the first quarter. Intech Investment Management LLC now owns 73,679 shares of the real estate investment trust’s stock worth $1,474,000 after acquiring an additional 3,478 shares in the last quarter. Invesco Ltd. raised its stake in shares of Blackstone Mortgage Trust by 28.1% during the second quarter. Invesco Ltd. now owns 630,752 shares of the real estate investment trust’s stock worth $12,142,000 after acquiring an additional 138,469 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Blackstone Mortgage Trust during the second quarter worth approximately $226,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

More Blackstone Mortgage Trust News

Here are the key news stories impacting Blackstone Mortgage Trust this week:

• Positive Sentiment: Company outlined an over $1 billion Q2 lending pipeline and reiterated strategic push to grow net-lease exposure toward ~10% of the portfolio over time — a sign of deal flow and deliberate portfolio diversification that can support future earnings and dividend coverage. Blackstone Mortgage Trust outlines over $1B Q2 pipeline while targeting net lease at 10% of portfolio over time
• Positive Sentiment: Company and filings show solid operating metrics: revenue materially beat estimates (reported ~$159M vs. ~$121M expected) and management kept the quarterly dividend ($0.47), with distributable EPS measures that investors track reported positively on an adjusted basis — supportive for yield-focused REIT holders. Blackstone Mortgage Trust Reports First-Quarter 2026 Results
• Neutral Sentiment: JPMorgan trimmed its price target to $20 from $21 but kept an Overweight rating — this lowers near-term upside expectations but maintains institutional confidence in BXMT’s outlook. Benzinga
• Neutral Sentiment: Management commentary and the earnings-call transcript provide context on credit performance, portfolio positioning and capital deployment priorities; useful for assessing forward earnings quality but not an immediate price catalyst. Blackstone Mortgage Trust, Inc. (BXMT) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Reported EPS figures have mixed presentations: certain GAAP/period metrics showed misses (one report cites EPS of $0.21 vs. a consensus of $0.38; the company also reported a small net loss attributable of $6.3M), creating confusion and short-term selling pressure as investors parse which earnings measure to weight. MarketBeat earnings summary

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.