Keefe Bruyette Lowers Blackstone Mortgage Trust (BXMT) Price Target after Revisi

With an annual dividend yield of 10.79%, Blackstone Mortgage Trust, Inc. (NYSE:BXMT) is included among the Top 10 Dividend Stocks with 10%+ Yield.

On June 26, Keefe Bruyette lowered the firm's price recommendation on Blackstone Mortgage Trust, Inc. (NYSE:BXMT) to $20 from $20.50. It reiterated an Outperform rating on the shares. The move followed media reports that the company's loan tied to the Chicago office tower One South Wacker had gone into maturity default. In a research note, analyst Jade Rahmani said it reduced its estimates to account for higher expected losses on the loan.

Earlier, on June 15, Keefe Bruyette had lowered its price goal on BXMT to $20.50 from $21. It maintained an Outperform rating. The firm said it had become "slightly" more cautious about the outlook for the commercial real estate market, according to the analyst's research note.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) is a real estate finance company that originates, acquires, and manages senior loans and other debt or credit-oriented investments backed by, or related to, commercial real estate across North America, Europe, and Australia.

While we acknowledge the potential of BXMT as an investme

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/keefe-bruyette-lowers-blackstone-mortgage-183546922.html)