Blackstone Mortgage Trust president sells $15,128 in shares

Fernando Austin Pena, president and director of Blackstone Mortgage Trust Inc. (BXMT), sold 1,127 of the company's Class A Common Stock shares on September 17, 2026 for $15,128. The transaction was carried out under a pre-adopted Rule 10b5-1 plan, intended to cover tax withholding obligations for restricted stock awards. After the sale, Pena owned 71,772 shares of the company.

BXMT's stock has been trading at its 52-week low of $13.10, with a year-to-date decline of approximately 27%. The company offers a dividend yield of around 14%, having paid dividends consistently for 15 years. However, recent financial results show mixed outcomes. In Q2 2026, Blackstone Mortgage Trust reported distributable earnings of $0.31 per share, below the expected $0.42.

Revenue came in at $158.06 million, surpassing estimates of $127.34 million. The company's book value per share fell to $19.31, down 4%, and the watchlist exposure was reduced from $2.5 billion to $2.0 billion.

GAAP net loss for the quarter was $0.48 per share, yet Blackstone Mortgage Trust was able to cover its dividend with distributable earnings before any realized gains or losses. The company also made $1.2 billion in loan repayments and $1.4 billion in investments, focusing on various asset types, including residential, industrial, and net lease properties.

Analyst opinions on BXMT have been divided; Citizens maintains a Market Perform rating, while Raymond James downgraded the stock to Market Perform from Outperform, citing concerns about portfolio quality and forward planning. Raymond James also anticipated further erosion of book value, with a projected 7% decline.