5 REIT Dividend Stocks with Over 5% Yields

2. Blackstone Mortgage Trust, Inc. (NYSE: BXMT)

Number of Hedge Fund Holders: 16
Dividend Yield: 7.9%

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company ranks 2nd on our list of REIT dividend stocks with over 5% yields.

This April, Wells Fargo analyst Donald Fandetti raised the price target on Blackstone Mortgage Trust, Inc. (NYSE: BXMT) shares from $30 to $36, keeping an Overweight rating on the stock.

In the first quarter of 2021, Blackstone Mortgage Trust, Inc. (NYSE: BXMT) had an FFO of $0.59, in line with estimates. The company’s revenue was $109.15 million, up 8.46% year over year and missing estimates by $1.80 million. Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has also gained about 10.37% in the past 6 months and 14.72% year to date.

By the end of the first quarter of 2021, 16 hedge funds out of the 866 tracked by Insider Monkey held stakes in Blackstone Mortgage Trust, Inc. (NYSE: BXMT) worth roughly $209 million. This is compared to 17 hedge funds in the previous quarter with stakes worth approximately $141 million.