Blackstone Mortgage: Charge-Offs And Declining Rates Pose Risk
Blackstone(BX) Seeking Alpha·2024-05-16 05:48
Marco_BonfantiDear readers, Blackstone Mortgage Trust (NYSE:BXMT) is one of the biggest and most well-knows mortgage REITs (mREITs) out-there. It is a stock which I've covered multiple times here on Seeking Alpha, most recently in February in an article called Too Much Uncertainty. I was relatively bullish on the stock in the first half of 2023 and issued a couple of BUY calls, which have done OK. Over time, however, I have grown increasingly bearish and downgraded the stock to a HOLD due to (1) a gener ...