JPMorgan cuts target to USD 14 for Blackstone Mortgage Trust stock

Published on 10/17/2026 at 22:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 29. Blackstone Mortgage Trust stock was USD 10.53 on October 16, 2026, down 2.32 percent versus its prior close.

Target and results date

JPMorgan set a USD 14.00 target on October 16, 2026, down from USD 18.00.
Blackstone Mortgage Trust will report third-quarter results on October 29, 2026.
Blackstone Mortgage Trust stock closed at USD 10.53 on October 16, 2026, down 2.32 percent versus the prior close.
The stock had a USD 1.8 billion market capitalization and a P/E ratio of 131.63 as of October 16, 2026.

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JPMorgan lowered its price target for Blackstone Mortgage Trust stock to USD 14.00 from USD 18.00 on October 16, 2026, while keeping an Overweight rating, Markets Insider reported. The new target stands 32.95 percent above the USD 10.53 closing price recorded on October 16, 2026.

Results arrive October 29

Blackstone Mortgage Trust will publish its third-quarter 2026 earnings presentation and file its Form 10-Q before the market opens on October 29, 2026. The company also scheduled a conference call for 9:00 a.m. ET that day, according to its Blackstone Mortgage Trust release dated October 7, 2026.

Second-quarter losses shape the setup

In the second quarter of 2026, Blackstone Mortgage Trust reported a GAAP loss of USD 0.48 per share, compared with a USD 0.04 loss in the first quarter. Net interest income was USD 82.57 million, while net income attributable to common shareholders was a loss of USD 81.22 million, according to the finance statements for the period ended June 30, 2026. A separate AlphaStreet report said the loss included a USD 134.4 million increase in current expected credit loss reserves.

Price stays near the yearly low

The USD 10.53 closing price was USD 0.08, or 0.77 percent, above the 52-week low of USD 10.45 and 49.06 percent below the USD 20.67 high, with both range figures dated October 16, 2026. Trading volume was 2,757,640 shares against an average of 2,616,842 shares. The price was down 2.32 percent from the USD 10.78 prior close of October 15, 2026.

Valuation and mortgage REIT peers

Blackstone Mortgage Trust had a market capitalization of USD 1.8 billion, a P/E ratio of 131.63 and a dividend yield of 0.18 percent as of October 16, 2026. The figures put the valuation discussion alongside the upcoming results date and JPMorgan target rather than a fresh company announcement.

Comparison with peers

Blackstone Mortgage Trust (NYSE, USD): minus 2.32 percent, P/E 131.63, market capitalization USD 1.8 billion.
Starwood Property Trust (NYSE, USD): minus 1.19 percent, P/E 18.29, market capitalization USD 4.6 billion.
Arbor Realty Trust (NYSE, USD): minus 3.93 percent, P/E 19.88, market capitalization USD 501.8 million.

Closing price and next date

Blackstone Mortgage Trust closed at USD 10.53 on October 16, 2026, down 2.32 percent versus the prior close of October 15, 2026. The next scheduled company event is the third-quarter earnings release on October 29, 2026.