Blackstone Mortgage Trust Faces Decline Amidst Negative Predictions from Short Seller
Tuesday, 19 March 2024, 20:05
Blackstone Mortgage Trust Stock Decline:
Blackstone Mortgage Trust (BXMT) stock is witnessing a downward spiral due to concerns raised by short seller Carson Block.
Reasons for the Decline:
- Warnings on Multifamily Properties: Carson Block predicts trouble in the multifamily properties sector, adding pressure on BXMT.
- Expected Dividend Cut: Investors fear a potential dividend cut in 2024 as forewarned by Block, impacting shareholder returns.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.