JPMorgan Upgrades Blackstone Mortgage Trust (BXMT) to Overweight

JPMorgan analyst Richard Shane upgraded Blackstone Mortgage Trust (NYSE: BXMT) from Neutral to Overweight with a price target of $21.00.

The analyst comments: "We upgrade BXMT to an Overweight rating (from Neutral). The company has demonstrated a strong track record of returns and consistent dividend coverage, supported by a fully scaled lending platform that drives efficiencies and unique opportunities in both funding and origination. As of YE2025, BXMT has almost completely resolved its troubled loan book, with 99% of the portfolio now performing, allowing the company to reinvest capital into performing, income-generating loans. While BXMT continues to trade at a P/B premium to discounted peers, we believe this is justified by its operational scale and improved credit profile. With risk/reward now skewed to the upside, we see an attractive entry point for investors."

For an analyst ratings summary and ratings history on Blackstone Mortgage Trust click here. For more ratings news on Blackstone Mortgage Trust click here.

Shares of Blackstone Mortgage Trust closed at $20.12 yesterday.

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