This year, the stock market adage “sell in May and go away” may hold very true, especially when it comes to the real estate investment trusts (REITs) best categorized as REITs to sell. These are the REITs that are facing the greatest challenges from the two major factors affecting the sector. The first of these two major factors is the prospect of “higher for longer” interest rates persisting through the rest of 2024 and into 2025. REITs across the board are typically interest-rate sensitive, bu
Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q1 2024 Earnings Call Transcript April 24, 2024 Blackstone Mortgage Trust, Inc. beats earnings expectations. Reported EPS is $1, expectations were $0.53. BXMT isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day and welcome […]
Blackstone Mortgage (BXMT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.