|Bid||40.49 x 800|
|Ask||40.72 x 1800|
|Day's Range||40.35 - 41.14|
|52 Week Range||26.88 - 42.12|
|Beta (3Y Monthly)||1.67|
|PE Ratio (TTM)||16.70|
|Earnings Date||Jul 17, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||1.48 (3.75%)|
|1y Target Est||45.36|
The investment firms are among suitors that have progressed into the next round of bidding for the company, said the people, asking not to be identified because the matter is private. A deal at that price would value Genesee & Wyoming’s equity at about $6.2 billion, based its 56.5 million shares of common stock outstanding at April 1, according to data compiled by Bloomberg. Some of the investment firms may team up while others are partnering with potential co-investors such as pension and sovereign wealth funds, the people said.
The vehicle, Blackstone Real Estate Debt Strategies IV, will focus on property-related wagers in public and private debt globally, according to an investor presentation seen by Bloomberg. The firm is tapping into sustained interest in private real estate debt as investors search for yield. In 2018, $26 billion was raised by funds dedicated to real estate debt, on the heels of a record $33 billion the year prior, according to data from Preqin.
(Bloomberg Markets) -- Stephen Schwarzman was the subject of our cover Q&A in the June/July 2017 issue. Here, the chairman of Blackstone Group LP divulges some of his off-duty habits and preferences to Bloomberg TV’s Francine Lacqua, co-anchor of Bloomberg Surveillance and host of Leaders With Lacqua.
Moody's Investors Service ("Moody's") assigned first time ratings to Blackstone CQP Holdco LP (Blackstone CQP) including a B1 Corporate Family Rating (CFR), a B1-PD Probability of Default Rating (PDR) and a B1 rating to its proposed offering of a $2.5 billion senior secured first lien term loan facility. Blackstone CQP owns a 40% interest in CQP.
Private equity firms such as Blackstone , Brookfield Asset Management, Mirae Asset Management, and SoftBank-owned Fortress have put in bids of up to $5.8 billion for Anbang Insurance's portfolio of U.S. ...
Blackstone’s real estate business raced past the €200bn asset mark for the first time in 2018 in a surge that helped the New York-listed group keep its crown as the world’s largest property landlord for a third year. Real estate has enjoyed a bull run lasting almost a decade but rising property values and huge investor inflows have fuelled fears of unsustainable pricing bubbles in some markets. Assets managed by Blackstone’s property arm jumped by almost a quarter to nearly €202bn ($231bn) last year, according to an annual ranking by Inrev, the European association that represents investors in non-listed real estate vehicles.
FT premium subscribers can click here to receive Due Diligence every day by email. When Anbang Insurance bought a portfolio of upmarket US hotels and resorts from Blackstone in 2016, the Chinese group was one of the fastest-growing financial institutions in its home market with a penchant for foreign investments. The Chinese insurer and Steve Schwarzman’s private equity company shook hands on several other property deals beforehand, including a portfolio of residential assets in Japan and (controversially) one of New York’s crown jewels, the Waldorf Astoria hotel.
Blackstone Group LP, South Korea’s Mirae Asset Management, and GIC Pte, Singapore’s sovereign wealth fund, are also among the bidders for the hotels, the Financial Times reported earlier today, citing unnamed sources. Representatives for Fortress, owned by Japan’s Softbank Group Corp., and Brookfield declined to comment. Anbang hired Bank of America Inc. to sell the hotels, which include Westin St. Francis in San Francisco, the Loews Santa Monica Beach Hotel, the Fairmont in Chicago, the JW Marriott Essex House in New York and the Four Seasons in Jackson Hole, Wyoming.
It has also been amended to reflect that shares of Arabian Centres are due to start trading on Wednesday. It will be the biggest initial public offering since the $6bn listing of lender National Commercial Bank in late 2014.
Chinese authorities unwinding Anbang Insurance have received offers of up to $5.8bn for the conglomerate’s US luxury hotels business from potential bidders including Blackstone and Brookfield, according to people familiar with the sales process. Seventeen potential buyers, which also include South Korea’s Mirae Asset Management, SoftBank-owned Fortress, and GIC, Singapore’s sovereign wealth fund, have made it to a final round, these people said. If Blackstone prevailed, it would cap a remarkable series of deals involving the US private equity firm, which bought Strategic Hotels in December 2015 for $6bn before selling it three months later to Anbang, initially for $6.5bn.
The Denver-based natural gas and oil explorer and producer said in February that it would explore a sale after activist investor Elliott Management Corp. made a $2 billion proposal to acquire the company. A final decision hasn’t been made and QEP’s plans could still change, they said. Representatives for Blackstone and Elliott declined to comment.
Skyrocketing compensation received by Corporate America's leading chief executives continues to be a topic of heated debate, and that's nowhere more clear than in the latest list of best paid CEOs, which includes well-known names such as Tesla Inc. CEO Elon Musk, Walt Disney Co. CEO Bob Iger and Apple Inc. leader Tim Cook. The first among them was Tilray Inc. (TLRY), a Canadian company majority-owned by private equity firm Privateer Holdings. Among the biggest beneficiaries of Tilray's IPO was its CEO and President, Brendan Kennedy, who was the second-highest paid U.S. executive in 2018 among companies traded on U.S. exchanges.
Blackstone Group (BX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
One thing is certain. In volatile markets, income is a great alternative. And real estate investment trusts (REITs) are delivering some of the best returns in the space. What's more, that outperformance should continue for a long time to come, with the perfect blend of slow growth and low interest rates in the US.Because these REITs are U.S.-focused, it also means that they're not vulnerable to external forces for their further successes. I did some digging and found seven high-yield REITs that will pay you inflation-beating yields while they also grow their asset values. These are some of the top names in the business that are in the best sectors for growth well into the future. * 10 Baby Boomer Stocks to Buy These picks are also smart, conservative ways to play sectors like tech, healthcare and the bond markets. And they all get top ranks from my Portfolio Grader for timeliness, as well as strength.InvestorPlace - Stock Market News, Stock Advice & Trading Tips High-Yield REITs That Will Pay You: Arbor (ABR)Arbor Realty Trust Inc (NYSE:ABR) is a unique REIT in that it doesn't own properties as much as it finances properties. Its specialty is multifamily and senior housing as well as healthcare and diverse commercial properties.While it only has a $1 billion market cap, this is actually a great advantage for growth investors looking for a serious income kick. Because it's relatively small, it's leveraged to growth - and the REIT sector is growing fast.For example, year to date, ABR stock is up nearly 30% and in the past 12 months it's up over 40%. But the kicker is, it's still trading at a P/E of 9.If that isn't enough for you, it's delivering a whopping 8.2% dividend, even after all that growth. Realty Income (O)Realty Income Corp (NYSE:O) is one of the founding REITs in the market, established in 1969. Another unique aspect of this tried-and-true trust is the fact that it delivers its income monthly.Usually, REITs and other dividend stocks pay out their dividends quarterly. If you're an income investor, setting up a varied income stream from your holdings is a good way to keep income flowing regularly.But beyond convenience, O is a rock-solid REIT that has some of the top names in the industry leasing its properties from coast to coast. That means its nearly 4% dividend is solid. * Top 7 Dow Jones Stocks of 2019 -- So Far It also means, the O can build off its clients' successes. O stock is up 33% in the past 12 months and is a good choice if you're looking for a conservative consumer retail play. Blackstone Group (BX)Blackstone Group LP (NYSE:BX) isn't technically a REIT. It's an investment and fund management service that operates as a limited partnership.The reason it's in this list is because it's an excellent firm that has significant investments in real estate around the world, as well as all the other investment services it provides.What's more, it also delivers a substantial - and reliable - 5.3% dividend.BX is another firm that like the REITs, will benefit mightily from this Goldilocks economy. Up 35% year-to-date with a P/E of 16, there is still plenty of headroom and opportunity for BX to keep on running. Digital Realty (DLR)Digital Realty Trust Inc (NYSE:DLR) specializes in owning and managing properties for data centers as well as co-location services.The latter is a space where data centers are available for rental to retail customers. For example, if you're a smaller company that is ready to launch your product but you don't want to spend a ton of money on a data center until you know how much capacity you need, you use a co-location service so you can right-size your build.DLR is the leader in this fast-growing sector and has been on a tear for a while, since it's also a way to play the cloud computing trend without having to invest directly in volatile cloud stocks.As 5G ramps up in the U.S, there will be another wave of demand for data centers and server space since 5G is almost 1,000x faster than current 4G networks. That means more streaming as well as AI-driven systems and internet of things (IoT) communication (e.g., smart houses, driverless cars, etc). * 10 Baby Boomer Stocks to Buy Because of its promise and sector leadership, DLR stock is very popular, so its dividend sits around 3.7% and its growth in the past 12 months is around 11%. It's a solid, steady way to play tech growth. WP Carey (WPC)WP Carey Inc (NYSE:WPC) is another REIT that has been around for a very long time, founded in 1973. Basically, it owns buildings and manages them for its clients. It also manages buildings for clients, as well as runs its own real estate investment business, including placements for other REITs.What makes WPC unique is its 'triple net lease' model, where its clients pay for taxes, maintenance and insurance on the buildings the lease, in addition to rent and utilities. So, WPC just owns the buildings and manages the properties. That's a pretty good deal and means WPC can run a much leaner operation since it isn't dealing with all these other aspects.And those improved margins get passed through to investors as its impressive 5.1% dividend. The stock is also up a solid 25% in the past year. This is a great choice if you're looking for a conservative play in commercial real estate stronger corporate growth. American Campus Communities (ACC)American Campus Communities Inc (NYSE:ACC) is a REIT that specializes in owning, developing and managing on- and off-campus housing for college students.Gone are the days of the rough-and-ready college dorms. Nowadays, the dorms are like nice apartments. Granted, for the money it costs to go to college these days, that may not be too surprising.But the fact is, housing is a big part of the competitive process for colleges. If a student is choosing one school over another, many times, all other things being equal, housing could be the tipping point.ACC currently has 206 communities on or around 96 campuses, with 83 on-campus developments. Plus, this model is a great feature for many schools that don't want to take on the massive efforts and costs to develop and manage these projects themselves. * 10 Stocks to Sell Before They Tank Your Portfolio ACC is up 26% in the past year and is still delivering a solid 4% dividend. Medical Properties Trust (MPW)Medical Properties Trust Inc (NYSE:MPW) rounds off the group as the featured medical and healthcare facilities REIT.Like WPC, MPW is a triple net lease company -- the tenant pays taxes, maintenance and insurance on the property as well as rent and utilities -- that also offers financing to its clients. It can provide 100% financing to companies looking to develop projects from $10 million to $1 billion. Most conventional lenders only offer 60-70% financing.Given the fact that healthcare in the US is a significant long-term issue, especially as the population ages and baby boomers begin to retire in significant numbers, MPW is in the middle of a significant megatrend.With scores of properties across the US, it also has expanded its business to Europe where it has facilities in the UK, Germany, Spain and Italy.Up 40% in the past 12 months and still delivering a robust 5.5% dividend and a PE ratio of a mere 6.7, MPW is a compelling way to play the global healthcare trend in industrialized countries.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 7 High-Yield REITs to Buy (Even When the Market Tanks) appeared first on InvestorPlace.
Blackstone's Strategic Capital Group is part of Blackstone Alternative Asset Management (BAAM) and specializes in minority partnerships with leading alternative asset managers. This investment will allow Marlin to continue to invest in and further expand its global investment platform, strengthen the commitment to and alignment with its diversified investor base, and leverage the global resources and capabilities of Blackstone.
Japan's Takeda Pharmaceutical Co expects to receive binding offers for its Latin American business by the end of May, three sources with knowledge of the matter said. Brazilian pharmaceutical group EMS is considered the front-runner in the process, but Blackstone-backed Brazilian investment firm Patria Investments may also deliver a bid, sources added asking for anonymity as discussions are still private. Private equity firms such as Advent International Corp and CVC Capital Partners, and strategic bidders such as Brazilian pharmaceutical company Eurofarma, have analyzed the asset, but are not expected to deliver binding offers to the investment banking unit of Bank of America, which is Takeda's advisor.
WeWork broke its pattern of ever increasing underlying losses in the first quarter of 2019 as its executives pitched a story of strong growth prospects and more investor-friendly behaviour ahead of a possible stock market debut. The shift by founder Adam Neumann and other executives comes as other high-profile private companies go public and face intense investor scepticism over their business models and potential to reach profitability. Results showed the company throttled back its capital expenditures in the first quarter, according to an analyst who participated in a conference call on Wednesday.
CNBC's "Power Lunch" team breaks down what those with wealth are investing in with Michael Sonnenfeldt, founder of Tiger 21, an investment club for the ultra-rich.