This Undervalued High Dividend Stock May Grow Its Yield By Over 50% In 2014

Looking for high dividend stocks with dividend growth? Although this week's focus stock isn't in our High Dividend Stocks By Sector Tables yet, that may soon change. Blackstone Mortgage Trust (BXMT) is a real estate finance company that focuses primarily on originating mortgage loans backed by commercial real estate assets. BXMT is managed by Blackstone, (BX), which has nearly $70 billion in assets under management and over $120 billion of owned real estate.

In addition, BX's Blackstone Real Estate Debt Strategies and its Blackstone Real Estate divisions will also benefit BXMT. As such, BXMT benefits not only from BX's real estate connections, but also from its financial strength in receiving competitive financing rates. Indeed, with its LIBOR-based funding and lending model, BXMT actually benefits from rising short-term interest rates. BXMT did a recapitalization public offering in May 2013, and has been taking advantage of a growing demand for commercial real estate loans.

Source: Seeking Alpha

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