Blackstone Mortgage Trust, Inc. (BXMT) Stock Price & Analysis
Blackstone Mortgage Trust, Inc. (BXMT) closed at USD 10.58 on Thursday, October 22, 2026, up 3.73% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 10.2; the Oct 22, 2026 session ranged USD 10.19–10.74 on volume of 3,066,461 shares. Market capitalization is $1.78B, with a 52-week range of USD 10.12–20.67 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:18 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BXMT.md
Key facts (BXMT)
- Valuation: P/E 115.5x (avg 22.4x at the last 2 fiscal year-ends).
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $142K; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $143K; 1 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.33 on a 1–5 scale) (9 analysts), mean target USD 16.86 (range 13–23).
- Total return with dividends: 1Y -35.5% vs S&P 500 +14.9%; 5Y -44.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.24, revenue estimate $76.7M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BXMT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | — | $1.26B | $1.35B | — | — | — |
| Net income | $419M | $249M | $247M | -$204M | $110M | $15.4M |
| EPS (diluted) | $2.77 | $1.46 | $1.43 | -$1.17 | $0.64 | — |
| Net margin | — | 19.8% | 18.3% | — | — | — |
| Revenue growth | — | — | +7.2% | — | — | — |
| Cash + short-term investments | $551M | $291M | $350M | $323M | $453M | — |
| Total debt | $15.1B | $17.6B | $16.5B | $264M | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BXMT)
P/E 115.5x · P/B 0.6x · Earnings yield 0.87% · Dividend yield (paid, TTM) 17.90% · Buyback yield (TTM) 4.58%
P/E at fiscal year-ends: Dec 2025 29.8x, Dec 2023 14.9x.
Insider sales (SEC Form 4, open-market, last ~7 months) (BXMT)
6 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-30 | Pena Fernando Austin | President | 1,725 | $20K | 2.4% | Yes (adopted March 5, 2024) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-17 | Urbaszek Marcin | Chief Financial Officer | 864 | $12K | 3.5% | Yes (adopted March 6, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-17 | Pena Fernando Austin | President | 1,127 | $15K | 1.5% | Yes (adopted March 26, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-30 | Pena Fernando Austin | President | 1,670 | $29K | 2.2% | Yes (adopted March 5, 2024) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-25 | Pena Fernando Austin | President | 2,398 | $42K | 3.1% | Yes (adopted March 26, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-17 | Urbaszek Marcin | Chief Financial Officer | 1,352 | $25K | 5.2% | Yes (adopted March 6, 2025) | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (BXMT)
1 purchase, $143K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-04 | Nassau Henry N | Director | 10,000 | $143K | 14.34 | Opportunistic (traded every year 2023–2025, no repeating month) |
Analysts (BXMT)
Consensus Buy (mean 2.33 on a 1–5 scale), 9 analysts; mean target USD 16.86 (low 13, high 23).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | Keefe, Bruyette & Woods | Target lowered | Market Perform | $16 → $13 |
| 2026-08-06 | Raymond James | Downgrade | Outperform → Market Perform | |
| 2026-08-03 | Wells Fargo | Target lowered | Overweight | $22 → $18 |
| 2026-07-31 | JP Morgan | Target lowered | Overweight | $19 → $18 |
| 2026-07-31 | Keefe, Bruyette & Woods | Downgrade | Outperform → Market Perform | $20 → $16 |
| 2026-07-17 | JP Morgan | Target lowered | Overweight | $20 → $19 |
| 2026-06-26 | Keefe, Bruyette & Woods | Target lowered | Outperform | $20.5 → $20 |
Total return (dividends reinvested) (BXMT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -35.5% | -44.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -35.5% | -11.0% |
| Volatility (annualized) | 25.6% | 27.5% |
| Max drawdown | -46.1% (Apr 2026→Oct 2026) | -46.3% (Nov 2021→Oct 2026) |
BXMT suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | M&T Realty Capital | “Our MTRCC Agency Partnership required the approval of Fannie Mae and Freddie Mac, and this approval can be” |
| Partner | Walker & Dunlop, Inc. (WD) | “In 2017, we entered into a joint venture with Walker & Dunlop Inc., or Walker & Dunlop, to originate, hold, and finance” |
Quoted from the company's 10-K filed Feb 11, 2026.
Companies that name BXMT in their SEC reports
| Relationship to BXMT | Company | Filing | Sentence |
|---|---|---|---|
| partner | Walker & Dunlop, Inc. (WD) | 10-K Feb 26, 2026 | “Principal Lending and Investing—Through a joint venture with an affiliate of Blackstone Mortgage Trust, Inc., the Company offered short-term senior secured debt financing products that provided floating-rate, interest-only loans for terms of generally up to three years to experienced borrowers seeking to acquire or reposition multifamily properties that did not qualify for permanent financing (the "Interim Program…” |
BXMT company outlook (results filed Jul 30, 2026)
- “BXMT assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.”
Quoted word-for-word from the SEC 8-K results press release.
BXMT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.24 | $0.36 | -31.8% | $76.7M | 6 |
| Next quarter (ends Dec 2026) | $0.26 | $0.40 | -34.7% | $77.5M | 7 |
| Current fiscal year (ends Dec 2026) | $1.14 | $1.42 | -19.6% | $321.5M | 7 |
| Next fiscal year (ends Dec 2027) | $1.39 | $1.95 | -28.5% | $314.1M | 7 |
BXMT options: expected move
Options price a move of about ±7.8% (±$0.83) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±3.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 40.2% | ±7.8% |
| Dec 18, 2026 | 56 | 35.7% | ±11.8% |
| Jan 15, 2027 | 84 | 33.4% | ±15.1% |
| Apr 16, 2027 | 175 | 31.0% | ±19.6% |
30-day implied volatility 38.7% vs 33.1% realized over the last 30 trading days. Put/call ratio (volume) 0.46. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:18 UTC)
| Price | USD 10.58 |
|---|---|
| Change | ▲ 3.73% (up) |
| Previous Close | USD 10.2 |
| Open | USD 10.27 |
| Day Range | USD 10.19 – 10.74 |
| 52-Week Range | USD 10.12 – 20.67 |
| Volume | 3,066,461 shares |
| Market Cap | $1.78B |
| Exchange | NYQ |
Technical Analysis (BXMT)
Nexqual's technical model rates BXMT "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 11:18 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 29.52 (oversold) |
| vs SMA50 | Below (USD 12.68) |
| MACD | -0.71 (negative) |
Analyst Ratings (BXMT)
Wall Street analysts rate BXMT "Buy" based on 9 analysts, with a mean price target of USD 16.86 (range USD 13–23), per Nexqual as of October 23, 2026 at 11:18 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 16.86 |
| High Target | USD 23 |
| Low Target | USD 13 |
| Buy / Hold / Sell | 5 / 4 / 0 |
Earnings (BXMT)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.24 |
| Revenue Estimate | $76.70M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.31 vs est 0.35 ▼ miss |
| 2026-03-31 | USD 0.21 vs est 0.35 ▼ miss |
| 2025-12-31 | USD -2.07 vs est 0.27 ▼ miss |
| 2025-09-30 | USD 0.24 vs est 0.27 ▼ miss |
Source: Nexqual, October 23, 2026 at 11:18 UTC.
Financials & Fundamentals (BXMT)
| Total Revenue | $402.59M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -73.10% |
| Gross Margin | +100.00% |
| Operating Margin | -369.14% |
| Profit Margin | +3.84% |
| ROE | +0.45% |
| Debt / Equity | 4.85 |
| Current Ratio | 98.58 |
| Total Cash | $480.74M |
| Total Debt | $15.82B |
Source: Nexqual, October 23, 2026 at 11:18 UTC.
Financial Health Score (BXMT)
Nexqual rates Blackstone Mortgage Trust, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 11:18 UTC.
| Growth | Critical — Revenue -23% YoY (annual), sharp decline |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Weak — $378M cash and investments vs $264M debt (Sep 2025, SEC), net cash |
| Cash Flow | Solid — Operating cash flow $276M (FY ended Dec 2025, 10-K) |
| Efficiency | Weak — ROE 0%, ROA 0.1% |
Ownership (BXMT)
| Insider Ownership | +1.33% |
|---|---|
| Institutional Ownership | +70.15% |
| Shares Outstanding | 168.54M |
| Float | 159.28M |
| Short % of Float | +9.54% |
Source: Nexqual, October 23, 2026 at 11:18 UTC.
Leadership (BXMT)
Blackstone Mortgage Trust, Inc. is led by Timothy S. Johnson, CEO, Global Head of BREDS & Chairman of the Board, per Nexqual as of October 23, 2026 at 11:18 UTC.
| CEO, Global Head of BREDS & Chairman of the Board | Timothy S. Johnson |
|---|---|
| President & Director | F. Austin Pena |
| CFO, Treasurer & Assistant Secretary | Marcin Urbaszek C.F.A. |
| Vice President of Shareholder Relations | Timothy Paul Hayes |
| Senior Managing Director and Head of BX Real Estate US Asset Management | Robert G. Harper |
Major Backers & Investors (BXMT)
Notable institutional backers of Blackstone Mortgage Trust, Inc. include Blackstone Inc, UBS Group AG, Morgan Stanley, according to Nexqual as of October 23, 2026 at 11:18 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Blackstone Inc | 5.51% |
| UBS Group AG | 2.7% |
| Morgan Stanley | 1.68% |
| Charles Schwab Investment Management, Inc. | 1.39% |
| Fidelity | 1.05% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 14.82% |
| Vanguard Group | 9.53% |
| State Street | 3.81% |
| Geode Capital | 2.44% |
| Northern Trust | 1.15% |
Source: Nexqual, October 23, 2026 at 11:18 UTC.
From Blackstone Mortgage Trust, Inc.'s Latest SEC 10-K Filing (filed 2026-02-11)
Key Strengths & Strategy (as disclosed to the SEC)
- We believe that the scale and flexibility of our capital, as well as our Manager's and Blackstone's relationships, enable us to target opportunities with strong sponsorship and invest in large loans or other debt that is collateralized by high-quality assets and portfolios and, as market conditions evolve over time, to adapt as appropriate.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ARR | ARMOUR Residential REIT, Inc. | USD 12.69 | ▼ 0.94% |
| EFC | Ellington Financial Inc. | USD 11.63 | ▲ 1.84% |
| LADR | Ladder Capital Corp | USD 9.32 | ▲ 4.02% |
| DX | Dynex Capital, Inc. | USD 11.05 | ▼ 0% |
| ORC | Orchid Island Capital, Inc. | USD 4.9 | ▲ 0.62% |
| ARI | Apollo Commercial Real Estate F | USD 6.3 | ▼ 0.63% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:18 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt