NYSE: BXMT

Blackstone Mortgage Trust, Inc.

Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Blackstone Mortgage Trust, Inc. (NYSE: BXMT) resulting from allegations that Blackstone Mortgage Trust may have issued materially misleading business information to the investing public.

If you purchased Blackstone Mortgage Trust securities and would like to join the prospective action, please click “Join This Class Action.”

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If you purchased Blackstone Mortgage securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On December 6, 2023, Muddy Waters released a report entitled, “Here Comes the Cliff!” shorting Blackstone Mortgage. In this report, Muddy Waters stated, “[i]nterest rate swaps and manipulated risk ratings / loss provisions have obscured serious deterioration in BXMT’s loan book.” In addition, the report listed several problems that would be evident in the new year: (1) Blackstone Mortgage will significantly cut its dividend; (2) a significant number of borrowers will unlikely be able to refinance and repay Blackstone Mortgage; (3) Blackstone Mortgage is at risk of a liquidity crisis; and (4) Blackstone Mortgage’s losses on its net book value could potentially reach anywhere between $2.5 billion to $4.5 billion, resulting in its market cap being wiped out.

On this news, Blackstone Mortgage’s stock price fell $1.81 per share, or 8.05%, to close at $20.68 per share on December 6, 2023.

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Company Name: Blackstone Mortgage Trust, Inc.
Stock Symbol: BXMT
Class Period: N/A
Court: N/A
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