Blackstone Mortgage Trust: This 9.7% Yield Is Still On Sale

Nov. 16, 2022 5:07 AM ETBlackstone Mortgage Trust, Inc. (BXMT)5 Comments
On the Pulse profile picture
On the Pulse
7K Followers

Summary

  • Blackstone Mortgage Trust covered its $0.62 per share per quarter dividend pay-out with distributable earnings in the third quarter.
  • Mortgage originations remained robust in Q3’22.
  • The stock is still selling at a discount to book value.

Close up hand of man signing signature loan document to home ownership. Mortgage and real estate property investment

marchmeena29

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) reported third quarter earnings in late October, and the trust easily covered its dividend with distributable earnings.

Even though dividend increases are unlikely in the near future, BXMT is a high-quality passive income stock that

3Q'22 Portfolio Activity

3Q'22 Portfolio Activity (Blackstone Mortgage Trust)

Dividend And Distributable Earnings

Dividend And Distributable Earnings (Author Created Table Using Trust Information)

Price To Book Value

Price To Book Value (YCharts)

This article was written by

On the Pulse profile picture
7K 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.

Recommended For You

Comments (5)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.