I'm now looking for a second real estate sector representative for my new Ivy portfolio.

That real estate sector includes nine industries all related to real property ownership. Like: general real estate; Real Estate services; and seven varieties of real estate investment trusts, or REITs.

Today I'm reviewing a mid-cap diversified REIT, named Blacktone Mortgage Trust Inc. Its trading ticker symbol is BXMT. (Sounds like a bicycle race).

Blackstone Mortgage Trust Inc is a real estate company. It originates and purchases senior mortgage loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was founded in 1966 and is headquartered in New York, New York.

I use three key data points to gauge the value of any dividend equity like Blackstone Mortgage Trust Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest. Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

BXMT Price

Blackstone's price per share closed at $32.43 yesterday. A year ago its price was $31.64. So price rose $0.79 per share last year, or 2.5%. Assuming Blackstone's stock trades in the range of $30 to $40 next year, Blackstone's recent $32.43 price could move up by $1.07 and grow to $33.50 by early-January, 2020.

BXMT Dividends

Blackstone's most recent quarterly dividend was $0.62 declared December 13th and payable, January 15th. That $0.62 quarterly stipend equals an annual payout of $2.48 yielding 7.65% at yesterday's $32.43 closing price.

Gains For BXMT?

Adding the $2.48 annual estimated dividend to my estimated $1.07 annual price upside estimate for Blackstone Mortgage Trust Inc shows a $3.55 potential gross annual gain, per share, which will be reduced by costs to trade those shares. Just over $1,000.00 invested today at the $32.43 recent price would buy us 31 BXMT shares.

A $10 broker fee paid half at purchase and half at sale costs $0.32 per share. Subtract that $0.32 brokerage cost from the estimated $3.55 gross annual gain leaves a net gain of $3.23 X 31 shares = $100.13 for about 10% net gain on a $1,005.33 investment.

Therefore, Blackstone Mortgage Trust Inc whose trading ticker symbol is BXMT, now shows a possible 10% net gain including a 7.65% dividend yield.

Ten brokers cover this stock:

Two say "buy" BXMT shares.

One thinks BXMT will "outperform" peers.

Seven of ten brokers say "hold" BXMT shares.

Therefore, you can look at Blackstone Mortgage Trust Inc and see it has made money, is making money, and could rise to net a 10% annual gain including that 7.65% estimated dividend yield. It could be more, it could be less. The above speculation is based on past year performance. The actual results remain to be seen to determine if Blackstone Mortgage Trust Inc is worth your time and money.