Blackstone Mortgage: 13% Yield, 123% Dividend Coverage Make It A Buy

gawrav Commercial mortgage REITs have taken a beating over the past 12 months, and this includes fears around the regional banking meltdown last year and what that meant for the overall commercial real estate market. As with any broad economic events, it’s a good idea to wait for the dust to settle and let price discovery take place as the market weighs both macro and company-specific risks. This brings me to Blackstone Mortgage Trust (NYSE:BXMT), which I last covered with a ‘Buy’ rating in August of la ...