Added to YB: 2024-12-27
Pitch date: 2024-09-30
BXMT [bullish]
Blackstone Mortgage Trust, Inc.
+20.17%
current return
Author Info
No bio for this author
Company Info
Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia.
Market Cap
$3.1B
Pitch Price
$17.17
Price Target
23.00 (+12%)
Dividend
10.16%
EV/EBITDA
N/A
P/E
29.73
EV/Sales
N/A
Sector
Mortgage Real Estate Investment Trusts (REITs)
Category
dividend
The Gabelli Focused Growth and Income Fund Portfolio Holding: Blackstone Mortgage Trust, Inc.
BXMT: Senior loan REIT backed by Blackstone. 10.5% dividend yield, $150M buyback. Q4 EPS $0.49 vs $0.46 est. $23 book value vs $17.87 price. Benefits from Blackstone's RE expertise & deal flow. Focus on large, liquid markets. Compelling valuation with competitive advantages.
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