Cura Wealth Advisors has significantly reduced its stake in Blackstone Mortgage Trust (NYSE: BXMT), selling 155,210 shares valued at approximately $2.99 million in the first quarter of 2026. This sale brought their holdings down to 32,300 shares, equating to just 0.28% of their reportable assets under management, a notable decrease from the previous quarter’s 1.4%.
This divestment comes amid a challenging backdrop for BXMT, which reported a net loss of $6.3 million in Q1, despite a distributable EPS that slightly exceeded its dividend payout. The stock has struggled to keep pace with the broader market, remaining flat over the past year while the S&P 500 surged nearly 30%. Investors may be losing patience as the mortgage REIT remains sensitive to interest rates and property values, even as its loan portfolio stabilizes.
For market professionals, this move by Cura signals potential caution surrounding BXMT, particularly as the firm navigates a mixed earnings landscape and ongoing market pressures. Investors should weigh the attractive dividend yield against the risks inherent in the mortgage REIT sector.
Source: nasdaq.com