8 stories mentioning BXMTUpdated 2d ago
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Blackstone Mortgage Trust (BXMT) shares fell 2.6% on Friday after Keefe, Bruyette & Woods downgraded the stock to market perform from outperform and cut its price target to $16 per share from $20.Trading volume stood at nearly 4.2 million shares compared with a daily average of over 1.5 million.Price: $14.58, Change: $-0.40, Percent Change: -2.64%
Blackstone Mortgage Trust (BXMT) has an average rating of overweight and mean price target of $20.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Financial stocks were decreasing in late Wednesday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.2%.The Philadelphia Housing Index was climbing 5.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.2%.Bitcoin (BTC-USD) was dropping 4.8% to $59,625, and the yield for 10-year US Treasuries fell 9.3 basis points to 4.40%.In economic news, US new-home sales decelerated to a 580,000 annual rate in May from an upwardly revised 626,000 rate in April, below the 640,000 rate expected in a Bloomberg-compiled survey. Home sales were down 6.8% from May 2025.Mortgage applications in the US increased last week as refinancing activity improved while home purchase demand edged lower, the Mortgage Bankers Association said. The market composite index, which measures loan application volume, increased 1% in the week ended June 19. On an unadjusted basis, the index decreased 10% compared with the previous week.In sector news, the US Securities and Exchange Commission's enforcement division is investigating funds popular among private equity firms that allow them to hold assets they either cannot or do not wish to sell, Reuters reported. The investigators are looking into potential conflicts of interest around continuation vehicles, how assets are valued and whether disclosures are consistent and sufficient, the report said.In corporate news, a Blackstone Mortgage Trust-originated (BXMT) loan on a 40-story Chicago office tower defaulted after the debt reached its maturity deadline on June 9, Bloomberg reported, citing a mortgage filing. New York-based real estate firm 601W defaulted on the $343 million loan on June 9, the filing showed, according to the report. Blackstone Mortgage Trust shares were down 3.8%.Morgan Stanley's (MS) $7 billion private credit fund capped investor withdrawals at 5% in Q2 after shareholders sought to redeem 11.6% of outstanding shares, Bloomberg reported. More than half of the latest redemption requests at the North Haven Private Income Fund came from investors who were unable to fully exit the fund in the previous quarter, the report said. Morgan Stanley shares fell 2.2%.Brookfield Asset Management (BAM) and the Artificial Intelligence Infrastructure Partnership are among possible bidders for Stack Infrastructure's data centers in the Asia Pacific, Bloomberg reported. Other potential suitors include KKR (KKR), the report said. Brookfield shares were down 4.2%, and KKR shed 2.6%.ProAssurance (PRA) shares rose 1.4% after the company said it has received all regulatory approvals for its planned merger with The Doctors Co.
Financial stocks were decreasing in late Wednesday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.The Philadelphia Housing Index was climbing 5.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.2%.Bitcoin (BTC-USD) was dropping 4.8% to $59,625, and the yield for 10-year US Treasuries fell 9.3 basis points to 4.40%.In corporate news, a Blackstone Mortgage Trust-originated (BXMT) loan on a 40-story Chicago office tower defaulted after the debt reached its maturity deadline on June 9, Bloomberg reported, citing a mortgage filing. New York-based real estate firm 601W defaulted on the $343 million loan on June 9, the filing showed, according to the report.Blackstone Mortgage Trust shares were down 2.8%.
A Blackstone Mortgage Trust (BXMT)-originated loan on a 40-story Chicago office tower defaulted after the debt reached its maturity deadline on June 9, Bloomberg reported Wednesday, citing a mortgage filing.New York-based real estate firm 601W defaulted on the $343 million loan on June 9, the filing showed, according to the report.The loan, originated by Blackstone Mortgage Trust in 2018, with roughly $159 million parceled into a commercial mortgage-backed security, represents less than 2% of its portfolio, a spokesperson for Blackstone Mortgage Trust told Bloomberg.601W did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $17.82, Change: $-0.33, Percent Change: -1.82%
Blackstone Mortgage Trust (BXMT) shares rose 2.4% on Tuesday after UBS upgraded the stock to buy from neutral and adjusted its price target to $21 per share from $20.Trading volume stood at around 990,000 shares compared with a daily average of nearly 1.5 million.Price: $18.37, Change: $+0.43, Percent Change: +2.43%
Blackstone Mortgage Trust (BXMT) has an average rating of overweight and mean price target of $21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $18.44, Change: $+0.51, Percent Change: +2.84%
Blackstone Mortgage Trust (BXMT) has an average rating of overweight and mean price target of $21.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
