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Summary: Blackstone Mortgage Trust (NYSE: BXMT) is a real estate investment trust (REIT) known for its focus on real estate financing. A convenient way to buy Blackstone Mortgage Trust stock is through a reputable brokerage platform like eToro.
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About Blackstone Mortgage Trust
Blackstone Mortgage Trust is a real estate finance company that operates as a REIT. The company primarily invests in and originates senior loans collateralized by commercial real estate assets. It also focuses on providing financing solutions to real estate owners and investors, playing a crucial role in the real estate finance sector.
The company’s portfolio includes a diverse range of property types, including office buildings, hotels, and industrial facilities. As a REIT, Blackstone Mortgage Trust distributes at least 90% of its taxable income to shareholders annually, making it an attractive option for income-seeking investors.
How to buy Blackstone Mortgage Trust stock: Step-by-step
Investing in Blackstone Mortgage Trust stock involves a few straightforward steps. So, let’s break down the process to make it easy for you:
Step 1: Choose the right broker
Selecting the right brokerage platform is the first step in buying BXMT stock. Namely, a brokerage platform acts as an intermediary between you and the stock market, facilitating the buying and selling of stocks. That said, our go-to broker is eToro, a popular platform with a myriad of useful investment features, including:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
Once you’ve chosen a broker, you’ll need to fund your investment account. Luckily, most brokerage platforms offer various funding methods, including bank transfers, credit/debit cards, and wire transfers. Therefore, simply follow the instructions provided by your chosen broker to deposit funds into your account.
Step 3: Place your order
After funding your account, you’ll be ready to place an order for Blackstone Mortgage Trust stock. To do so, locate the stock by its ticker symbol, BXMT, on your broker’s platform, specify the number of shares you want to purchase, and choose the type of order—market order or limit order.
Keep in mind that a market order will execute immediately at the current market price, while a limit order allows you to set a specific price at which you want the trade to be executed. Finally, review your order details before confirming the purchase.
Blackstone Mortgage Trust stock price today
Pros and cons of buying Blackstone Mortgage Trust stock
Before diving into any investment, it’s essential to weigh the potential advantages and disadvantages. So, here are some pros and cons of buying Blackstone Mortgage Trust stock:
Pros
- Attractive dividend yield: As a REIT, BXMT is required to distribute a significant portion of its income to shareholders, resulting in a potentially attractive dividend yield for investors;
- Real estate exposure: Investing in BXMT provides exposure to the real estate market without directly owning physical properties. This can be beneficial for diversification;
- Professional management: Blackstone Mortgage Trust benefits from the expertise of Blackstone, a global leader in alternative asset management. The company’s management team’s experience adds a layer of confidence for investors.
Cons
- Interest rate sensitivity: REITs, including BXMT, can be sensitive to changes in interest rates. Rising interest rates may negatively impact the value of the company’s assets and lead to lower stock prices;
- Market and economic risks: Like any investment, Blackstone Mortgage Trust is exposed to market and economic risks. Economic downturns or a decline in the real estate market could impact the company’s performance;
- Lack of control: Investors in BXMT don’t have direct control over the management decisions of the company. The success of the investment relies on the performance of the real estate market and the company’s management decisions.
For additional investment options in the mortgage REITs sector, you can check out our other guides, such as:
- How to Buy Ready Capital Stock;
- How to Buy Starwood Property Trust Stock;
- How to Buy Ladder Capital Corp Stock;
- How to Buy AGNC Investment Stock.
Common investing mistakes of investing in REITs
Investing in REITs, including Blackstone Mortgage Trust, requires careful consideration to avoid common mistakes. Hence, here are some mistakes to steer clear of:
- Neglecting research: Failing to research and understand the specific REIT, its investment strategy, and the real estate market it operates in can lead to uninformed investment decisions;
- Ignoring fees and expenses: Overlooking transaction fees, management fees, and other expenses associated with buying and holding REITs can erode your overall returns;
- Not diversifying: Putting all your investment funds into a single REIT exposes you to concentrated risk. Diversify your portfolio to spread risk across different sectors and asset classes;
- Underestimating interest rate risks: REITs can be sensitive to changes in interest rates. Be aware of the potential impact of interest rate movements on your REIT investments;
- Chasing yield: While high dividend yields can be enticing, avoid solely chasing yield without considering the underlying fundamentals of the REIT. A high yield may signal increased risk.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Blackstone Mortgage Trust stock
Is Blackstone Mortgage Trust part of Blackstone?
Yes, Blackstone Mortgage Trust is a real estate finance company that operates as a real estate investment trust (REIT) and is affiliated with Blackstone, a global alternative asset management company.
What is the symbol for Blackstone Mortgage?
The ticker symbol for Blackstone Mortgage Trust is BXMT. Investors can use this symbol to identify and trade the stock on various stock exchanges.
Is Blackstone Mortgage Trust a safe investment?
No investment is entirely risk-free. While Blackstone Mortgage Trust has a professional management team and operates within the real estate finance sector, it is exposed to market and economic risks. Investors should, therefore, carefully assess their risk tolerance before investing.
What is the dividend yield of BXMT?
Dividend yields can vary, and it’s essential to check the latest information. As of January 24, 2024, Blackstone Mortgage Trust had an annual dividend yield of 12.06%.
How often does BXMT pay a dividend?
Blackstone Mortgage Trust typically pays dividends on a quarterly basis. As a REIT, BXMT is required to distribute at least 90% of its taxable income to shareholders annually in the form of dividends.
Can I buy Blackstone Mortgage Trust stock through any brokerage?
Not all brokerages may offer the ability to trade REITs. So, before choosing a broker, you should make sure that it allows the trading of REITs and offers the features you need for your investment strategy.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
