BXMT
Blackstone Mortgage Trust, Inc. Real Estate - REIT - Mortgage Investor Relations →
Blackstone Mortgage Trust, Inc. (BXMT) closed at $19.61 as of 2026-02-02, trading 15.6% above its 200-week moving average of $16.96. The stock moved further from the line this week, up from 13.4% last week. The 14-week RSI sits at 66, indicating neutral momentum.
Over the past 2305 weeks of data, BXMT has crossed below its 200-week moving average 38 times. On average, these episodes lasted 26 weeks. Historically, investors who bought BXMT at the start of these episodes saw an average one-year return of +8.2%.
With a market cap of $3.4 billion, BXMT is a mid-cap stock. Return on equity stands at 2.9%. The stock trades at 0.9x book value.
Share count has increased 2.7% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in BXMT would have grown to $441, compared to $2849 for the S&P 500. BXMT has returned 4.6% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: BXMT vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BXMT Crosses Below the Line?
Across 29 historical episodes, buying BXMT when it crossed below its 200-week moving average produced an average return of +10.1% after 12 months (median -4.0%), compared to +7.5% for the S&P 500 over the same periods. 39% of those episodes were profitable after one year. After 24 months, the average return was +30.2% vs +28.6% for the index.
Each line shows $100 invested at the moment BXMT crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
BXMT has crossed below its 200-week MA 38 times with an average 1-year return of +8.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 1982 | Apr 1982 | 11 | 12.4% | +26.5% | +87.8% |
| Jun 1982 | Jun 1982 | 1 | 0.8% | +34.3% | +90.6% |
| Jul 1982 | Jul 1982 | 1 | 0.8% | +25.4% | +90.6% |
| Aug 1982 | Sep 1982 | 2 | 1.0% | +19.4% | +90.6% |
| Sep 1982 | Oct 1982 | 1 | 1.0% | +19.4% | +90.6% |
| May 1986 | Jul 1986 | 6 | 9.5% | -41.0% | +41.9% |
| Jul 1986 | Aug 1986 | 3 | 4.6% | -40.6% | +45.1% |
| Sep 1986 | Oct 1986 | 5 | 4.0% | -42.0% | +38.8% |
| Dec 1986 | Feb 1993 | 321 | 55.6% | -58.2% | +37.3% |
| Dec 1993 | Dec 1993 | 1 | 0.2% | -16.1% | +299.5% |
| Jan 1994 | Jan 1994 | 1 | 0.7% | -9.6% | +299.5% |
| Mar 1994 | Apr 1994 | 1 | 1.7% | -16.1% | +299.5% |
| Apr 1994 | May 1994 | 5 | 1.4% | -16.5% | +297.4% |
| Jun 1994 | Jun 1996 | 106 | 32.7% | -10.1% | +297.4% |
| Jul 1996 | Jul 1996 | 1 | 3.2% | +242.9% | +335.2% |
| Feb 1999 | Apr 1999 | 9 | 23.5% | -22.5% | +52.3% |
| May 1999 | Jun 2001 | 110 | 44.8% | -35.7% | +45.1% |
| Jul 2001 | Jul 2001 | 3 | 4.8% | -15.5% | +26.9% |
| Sep 2001 | Dec 2001 | 15 | 13.6% | -12.0% | +41.0% |
| Mar 2002 | May 2002 | 8 | 6.2% | +16.0% | +52.3% |
| Jul 2002 | Oct 2002 | 14 | 3.5% | +44.1% | +58.7% |
| Nov 2002 | Dec 2002 | 7 | 8.9% | +84.7% | +69.3% |
| Jan 2003 | Feb 2003 | 2 | 5.8% | +86.6% | +63.1% |
| Nov 2007 | Nov 2007 | 1 | 3.5% | -84.8% | -45.5% |
| Jan 2008 | Jan 2008 | 2 | 7.1% | -86.5% | -44.5% |
| Feb 2008 | Mar 2008 | 7 | 10.5% | -89.4% | -47.6% |
| May 2008 | May 2008 | 2 | 6.2% | -92.1% | -46.7% |
| Jun 2008 | Mar 2012 | 199 | 95.8% | -93.5% | -49.8% |
| Apr 2012 | May 2012 | 5 | 15.1% | +61.9% | +287.9% |
| Jul 2012 | Jul 2012 | 1 | 1.0% | +98.6% | +386.0% |
| Dec 2012 | Dec 2012 | 1 | 23.9% | +230.3% | +607.6% |
| Mar 2020 | Nov 2020 | 36 | 47.1% | +94.5% | +100.9% |
| Sep 2022 | Sep 2023 | 49 | 31.1% | +4.9% | +24.2% |
| Sep 2023 | Nov 2023 | 8 | 11.4% | +0.1% | +14.9% |
| Dec 2023 | Dec 2023 | 1 | 3.0% | -0.4% | +18.1% |
| Dec 2023 | Jan 2024 | 1 | 2.3% | -5.2% | +17.6% |
| Jan 2024 | Feb 2025 | 56 | 17.6% | +0.7% | +18.1% |
| Mar 2025 | Apr 2025 | 3 | 6.1% | N/A | +17.8% |
| Average | 26 | — | +8.2% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02