Keefe, Bruyette & Woods Rates BXMT buy, $20 Price Target

The firm maintains its buy rating and sets a $20 price target for BXMT, a 17.99% upside from the current price.

By EarningsIQ Research Desk · Published Jun 26, 2026, 2:01 PM EDT · Updated Jul 1, 2026, 7:02 AM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Keefe, Bruyette & Woods rated Blackstone Mortgage Trust, Inc. ($BXMT) "buy" with a $20 price target on June 26, 2026.

Since the rating, $BXMT is up 2.9% after 1 week, down 2.0% after 1 month and down 35.4% to date (from the $16.31 close on Jun 26, 2026).

BXMT Blackstone Mortgage Trust, Inc.

$10.53 -40.81% year to date

Daily close · Oct 16, 2026

Key Points

Keefe, Bruyette & Woods reiterated its buy rating on Blackstone Mortgage Trust with a $20 price target on June 26, 2026.
Keefe, Bruyette & Woods's $20 price target implies 17.99% upside from Blackstone Mortgage Trust, Inc.'s ($BXMT) current $16.95 share price.
Shares of NYSE:BXMT traded near $17.35 on Friday, with a market cap of about $2.93 billion and a forward P/E of 8.93.
Analysts have a consensus buy rating on BXMT with a mean target price of $20.94 among 8 opinions.

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On June 26, 2026, Keefe, Bruyette & Woods reiterated its buy rating on Blackstone Mortgage Trust, Inc. (NYSE:BXMT), setting a price target of $20. Analyst Jade Rahmani continues to see potential in the stock, which traded around $17.35 on Friday.

Analyst rating track record

Keefe, Bruyette & Woods vs. the S&P 500

YTD return -48.11% hypothetical

All-time return -74.66% S&P 500 +23.58%

vs. S&P 500 -98.24% behind the index

Hypothetical returns from Keefe, Bruyette & Woods's disclosed trades, not real profit or advice. How we model this.

Blackstone Mortgage Trust, Inc. Stock Up 27.7%

Shares of NYSE:BXMT traded near $17.35 on Friday. Blackstone Mortgage Trust has a market cap of approximately $2.93 billion, with a P/E ratio of 28.92 and a forward P/E of 8.93. The stock has a 52-week low of $17.11 and a high of $20.67, with a 50-day moving average of $18.67 and a 200-day moving average of $19.02. The company maintains a high debt-to-equity ratio of 465.17.

12-month forecast

$BXMT price target

Blackstone Mortgage Trust, Inc. daily closes and this analyst's $20 target. Not advice.

Recent Earnings

Blackstone Mortgage Trust reported revenue of about $467 million, showing a growth of 34.9%. The company has a net margin of 22.2% and a return on equity of 2.92%. Its next earnings report is expected on July 29, 2026.

Dividend

Blackstone Mortgage Trust offers an annual dividend rate of $1.88, yielding 10.84%. The dividend payout ratio is a high 313.33%.

Insider Buying and Selling at Blackstone Mortgage Trust, Inc.

Chief Financial Officer Marcin Urbaszek sold 1,352 shares at an average price of $18.35 on June 17, 2026, under a Rule 10b5-1 plan. Earlier, on April 15, 2026, several insiders, including Lynne Sagalyn and Nnenna Lynch, purchased shares at $20.12.

Analysts Set New Price Targets

On June 26, 2026, Keefe, Bruyette & Woods maintained its buy rating with a $20 target. Earlier, on June 2, 2026, UBS upgraded the stock to a buy with a $21 target. The consensus among analysts is a buy, with a mean target price of $20.94 based on 8 opinions.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc. is a real estate finance company headquartered in New York, NY. It focuses on originating and managing loans secured by commercial real estate. The company operates internationally and functions as a real estate investment trust for tax purposes. Led by CEO Timothy S. Johnson, Blackstone Mortgage Trust was incorporated in 1998.

Bottom Line

Keefe, Bruyette & Woods' reiterated buy rating for Blackstone Mortgage Trust highlights ongoing interest in the real estate finance sector. Investors track these updates for insight into market sentiment and potential stock performance. As always, remember that analyst ratings are based on past data and should be one of many factors in investment decisions.