Short seller Carson Block of Muddy Waters becomes more bearish on Blackstone Mortgage Trust, predicting a dividend cut and citing multifamily property issues.

Short seller Carson Block of Muddy Waters says his firm has grown "more bearish" on Blackstone Mortgage Trust, citing issues with multifamily properties. Block expects the trust to cut its dividend in the second half of this year, and notes that commercial property woes may spread beyond office buildings, reminding him of 2007. Blackstone Mortgage Trust's stock dipped 1.9% in response to Block's comments.

March 19, 2024
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