Blackstone Mortgage Trust director Nassau buys $114,291 in shares

Henry N. Nassau, a director at Blackstone Mortgage Trust, Inc., acquired 10,000 shares of the company's Class A Common Stock on November 4, 2026. The transaction totaled $114,291, as the shares were bought at prices between $11.41 and $11.43 per share, close to the current trading price of $11.45. This purchase brings Mr. Nassau's ownership of Blackstone Mortgage Trust to 233,490 shares.

The insider buy comes as the company's stock price has fallen 37% over the past six months. Despite the drop, Blackstone Mortgage Trust continues to pay a significant dividend with a current yield of 10.32%. However, the company was not profitable over the last year. Despite the overall decline, the company reported strong third-quarter distributable earnings of $0.38 per share, exceeding expectations.

Nevertheless, the company decided to reduce its quarterly dividend from $0.47 to $0.30 per share. These developments, along with a 12% drop in the company's book value and ongoing credit stress, highlight Blackstone Mortgage Trust's current financial situation.