2024-07-24 13:40:04 ET
Summary
- We just downgraded Blackstone Mortgage Trust to a Sell 4 days back.
- The REIT cut its distribution and BXMT shares are trading lower.
- We look at the results and tell you why Blackstone Mortgage REIT has a long slog ahead.
Life happens fast in the stock market. In our coverage of Blackstone Mortgage Trust, Inc. ( BXMT ) in June, we highlighted the risks that were front and center and suggested investors stick with the bonds rather than chase high-yield....
Read the full article on Seeking Alpha
For further details see:
Blackstone Mortgage: It's Not Distributable EPS, It's Deleveraging