|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||52.65 - 54.47|
|52 Week Range||33.00 - 64.97|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||238.02|
|Earnings Date||Oct 28, 2020|
|Forward Dividend & Yield||1.86 (3.40%)|
|Ex-Dividend Date||Jul 31, 2020|
|1y Target Est||61.10|
New home sales cool a bit, Blackstone's big bet on self-storage, CRE sales down and up, price dips and house flips, implications of another panic-buying wave. Demand for new construction is still being driven by low interest rates and rising demand in lower-density markets, like suburbs and exurbs, the National Association of Home Builders (NAHB) points out. Blackstone (NYSE: BX) Real Estate Income Trust (BREIT) today announced it would buy Simply Self Storage from a Brookfield Asset Management real estate fund for approximately $1.2 billion.
In the current market session, Blackstone Group Inc. (NYSE: BX) is trading at $53.90, after a 1.34% drop. However, over the past month, the stock went up by 2.29%, and in the past year, by 1.83%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently under from its 52 week high by 17.04%.The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.View more earnings on BXMost often, an industry will prevail in a particular phase of a business cycle, than other industries.Blackstone Group Inc. has a better P/E ratio of 48.79 than the aggregate P/E ratio of 34.88 of the Capital Markets industry. Ideally, one might believe that Blackstone Group Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued.There are many limitations to P/E ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * Click here for options trades from Benzinga * Blackstone Group's Debt Overview(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Blackstone (NYSE: BX) today announced the final close of the second vintage of its long-hold private equity strategy, Blackstone Core Equity Partners (BCEP II). BCEP II was oversubscribed and closed at its hard cap of $8 billion, which is more than 70 percent larger than its predecessor fund and represents the largest amount of capital raised from outside investors for a long-hold private equity vehicle in history.