Blackstone Mortgage Trust – Wait Until Earnings To Sell

Seeking Alpha | Oct 19, 2019 at 10:45 AM
  • After the recent turmoil in the market this month, we don’t blame members for being a bit cautious about adding any investments to their portfolios.
  • Although a decline in interest rates poses a near-term risk for core earnings, sufficient floors on floating rate loans and continued growth in originations should enable the company to pay out its regular $0.62 quarterly dividend per share over the coming years.
  • Favorable demand-supply dynamics driving property prices: Aided by strong demand and limited supply across CRE sectors, commercial property prices recorded decent growth of 1.8% in 2018, following a robust 7.2% in 2017.