Blackstone Mortgage stock hits 52-week low at $16.51

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) stock has reached a 52-week low, touching down at $16.51, with InvestingPro data showing the stock trading 22% below its 52-week high of $21.23. The RSI indicates oversold conditions, while the company maintains an impressive 10.95% dividend yield. This latest price level reflects a notable decline in the company's stock value, marking a significant point of interest for investors tracking the real estate investment trust's performance. Over the past year, Blackstone Mortgage has experienced a downward trend, with a 1-year change showing a decrease of 10.52%. This shift in market sentiment places the stock at a critical juncture, as stakeholders consider the implications of this new low in the context of the company's financial health and the broader economic landscape. InvestingPro analysis reveals that despite current challenges, analysts expect net income growth this year, and the company has maintained dividend payments for 14 consecutive years. For deeper insights into BXMT's valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Blackstone Mortgage Trust announced a dividend of $0.47 per share for the first quarter of 2025, set to be distributed on April 15 to shareholders on record as of March 31. The company aims to provide shareholders with risk-adjusted returns primarily through dividends generated from current income. Additionally, Keefe, Bruyette & Woods adjusted their outlook on Blackstone Mortgage Trust, raising the price target from $18.50 to $19.50 while maintaining a Market Perform rating. This adjustment followed an evaluation of the company's fourth-quarter performance and future prospects. The analyst from Keefe noted increased originations and a modest reduction in CECL reserves, projecting that distributable earnings per share might surpass the dividend in the latter half of 2025. Blackstone Mortgage Trust is currently trading at 0.88 times book value with a 9.8% dividend yield. The analyst expressed a positive outlook but highlighted that the risk/reward profile justifies the current rating. These developments reflect the company's recent financial strategies and market positioning.

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