Blackstone Mortgage Trust (BXMT) Could Be 37% Undervalued On Its Q3 2026 Dividend Affirmation

Blackstone Mortgage Trust (BXMT) rose 3.4% due to portfolio improvements and a 47-cent dividend. Partners Group (PGHN) fell 9.4% after reporting a 13% profit drop and reduced fee expectations. Bridgepoint (BPT) declined 5.2% after a strong first half, while Eurazeo (EUR) fell 4% amid interest rate volatility. Inflation and rate hike expectations impacted all firms.

Citizens maintained a Market Perform rating on Blackstone Mortgage Trust (BXMT) after its Q2 2026 earnings. BXMT reported $1.2B in loan repayments and $1.4B in investments, shifting focus to residential, industrial, and net lease assets. Shares trade at 0.73x book value with a 13.3% dividend yield. Q2 earnings showed distributable earnings of $0.31 per share, missing estimates, but revenue beat forecasts at $158.06M. Book value per share declined 4% to $19.31. Raymond James downgraded BXMT to Ma

Blackstone-led consortium agreed to acquire HSBC’s Australian home loan portfolio for AUD36 billion (USD25 billion), according to Blackstone and law firms. Blackstone Credit & Insurance, Blackstone Tactical Opportunities, and Blackstone Real Estate Debt Strategies will finance the purchase, with Pepper Money as servicer. Completion depends on regulatory approvals.

Blackstone Mortgage Trust (BXMT) shares fell as much as 14% to $14.11 after executives put about $1B of predominantly office-backed loans on a watch list, according to Bloomberg. The company said third-quarter distributable earnings may be hurt by loan impairments tied to weak office assets. BXMT manages a $20B loan portfolio and has reduced office exposure and average deal sizes.

Blackstone Mortgage Trust (BXMT) shares fell about 3% to $14.52, near a new 52-week low, after a Q2 2026 earnings miss and a Keefe, Bruyette & Woods downgrade to “market perform” with a $16 price target. Distributable earnings were $0.31 per share versus $0.42 consensus, with higher CECL reserves and a GAAP net loss reported.

HSBC said it will sell its Australian home loan and retail banking portfolio worth A$36 billion (about $25 billion) to Blackstone units and close all its Australian retail branches. The deal is expected to close in H1 2027, pending regulatory approval. HSBC will keep private and institutional banking in Australia; no immediate customer action is required.