Short seller Block says he’s even ‘more bearish’ on Blackstone Trust

Block expects the publicly traded trust to cut its dividend in the second half of this year. — Bloomberg

NEW YORK: Short seller Carson Block said his firm has grown “more bearish” on Blackstone Mortgage Trust, citing troubles with multifamily properties.

The Muddy Waters founder expects the publicly traded trust to cut its dividend in the second half of this year, he said in an interview with Bloomberg Television.