Blackstone Mortgage: I Am Getting A 10.9% Yield On My Last Buy

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On the Pulse
6.99K Followers

Summary

  • Blackstone Mortgage Trust’s stock is now selling for a 16% discount to book value.
  • There is no evidence that suggests the commercial mortgage market is consolidating.
  • Dividend is covered by distributable earnings.

REIT. Real estate investment trust. Financial Market. Hand pressing button on screen

Funtap

I'm doubling down on Blackstone Mortgage Trust Inc. (NYSE:BXMT), a 10.9% yielding mortgage real estate investment trust whose selloff makes no sense to me.

The trust pays a substantial dividend that is fully covered by distributable earnings, and the

Market Focus

Market Focus (Blackstone Mortgage Trust)

Dividend And Pay-Out Ratio

Dividend And Pay-Out Ratio (Author Created Table Using Trust Information)

Earnings Sensitivity To Rising Rates

Earnings Sensitivity To Rising Rates (Blackstone Mortgage Trust)

Chart
Data by YCharts

This article was written by

On the Pulse profile picture
6.99K Followers
A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.

Disclosure: I/we have a beneficial long position in the shares of BXMT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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