Added to YB: 2024-12-27
Pitch date: 2024-09-30
BXMT [bullish]
Blackstone Mortgage Trust, Inc.
+15.04%
current return
Author Info
No bio for this author
Company Info
Blackstone Mortgage Trust, Inc., a real estate finance company, originates, acquires, and manages loans and other debt or credit-oriented investments collateralized by or relating to commercial real estate.
Market Cap
$3.3B
Pitch Price
$16.76
Price Target
23.00 (+19%)
Dividend
9.62%
EV/EBITDA
N/A
P/E
30.49
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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