Blackstone Mortgage Trust (BXMT) Stock May Already Be Fully Priced On Earnings

Blackstone Mortgage Trust has seen its share price fall sharply in 2024, which puts fresh focus on whether the current valuation really lines up with the earnings the business generates. With the stock now trading at around US$11.03, the question is how well that price reflects the income stream from its loan portfolio. The share price has declined 43.4% year to date, which puts extra weight on whether the market is now paying a sensible multiple of Blackstone Mortgage Trust's earnings. The...