Blackstone Mortgage Trust (BXMT) is a commercial mortgage real estate investment trust (REIT) that focuses on originating and managing senior mortgage loans collateralized by commercial properties across North America, Europe, and Australia.1 As a REIT, its dividend yield is a key metric for many investors.
Here's a snapshot of some key data points from Fintel:
- Dividend Profile: BXMT currently offers a notable dividend yield of 13.29%.1 This is a significant factor for income-focused investors, and it's worth monitoring the sustainability of this yield.
- Institutional Ownership: The company has substantial institutional backing, with 538 institutional owners holding approximately 139.5 million shares. However, there was a slight decrease of 2.00% in institutional shares held in the most recent quarter.2 Top institutional holders include BlackRock, Inc., Vanguard Group Inc, and State Street Corp.2 This mixed signal in institutional activity warrants closer examination.
- Short Interest: BXMT has a short interest of 8.47 million shares, which accounts for 5.33% of its float. The days to cover ratio stands at 7.56 days.3 While not extremely high, this level of short interest suggests a segment of the market holds a bearish view, potentially due to concerns around commercial real estate or interest rate sensitivity.
- Valuation & Analyst Sentiment: The stock trades at a Price/Book ratio of 0.87 and a Price/Tangible Book Value (TBV) of 0.89, suggesting it might be trading below its book value.1 The average one-year price target from analysts is $20.99, with a range from $19.19 to $24.15.4
For further analysis, Fintel's platform offers detailed pages for institutional ownership, short interest, and dividend history that can provide deeper insights into these trends.
