The Blackstone Group Inc. (BX)
54.90 -0.01 (-0.02%)
After hours: 5:08PM EDT
Chart Events
Performance Outlook
| Previous Close | 55.78 |
| Open | 56.17 |
| Bid | 54.93 x 900 |
| Ask | 55.49 x 800 |
| Day's Range | 54.86 - 56.27 |
| 52 Week Range | 33.00 - 64.97 |
| Volume | 1,607,367 |
| Avg. Volume | 2,799,995 |
| Market Cap | 37.985B |
| Beta (5Y Monthly) | 1.26 |
| PE Ratio (TTM) | 247.34 |
| EPS (TTM) | 0.22 |
| Earnings Date | Oct 28, 2020 |
| Forward Dividend & Yield | 1.86 (3.33%) |
| Ex-Dividend Date | Jul 31, 2020 |
| 1y Target Est | 61.10 |
- Bloomberg
Blackstone Signs Non-Binding Agreement to Buy Prestige’s Assets
(Bloomberg) -- Indian developer Prestige Estates Projects Ltd. said Blackstone Group Inc. signed a non-binding agreement to buy some of its assets.The deal will include the sale of “commercial offices, retail and hotel properties, mall management and identified maintenance businesses,” the developer said in a stock exchange filing on Saturday.The U.S. private equity company is in advanced talks to acquire Prestige Estates’s rent-yielding assets, including offices and operating malls, for $2 billion, Bloomberg reported on Friday, citing people who asked not to be identified as the discussions were private.Blackstone is the largest commercial real estate owner in India, with a total investment of around $7.8 billion as of March 2020. It has built its portfolio over more than a decade, buying up more properties as India’s economy slowed in recent years. Two real estate investment trusts backed by Blackstone have also been listed in India.Blackstone Sees Buyout Opportunities With Virus-Cheapened AssetsBlackstone will have exclusivity in relation to the deal, and the closing of the transaction will be subject to conditions including the completion of due diligence and approvals, according to the filing. Prestige Estate is one of the largest developers in southern India. It has about 45 existing projects spanning 52 million square feet, with another 57 million square feet under construction.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Moody's
Michaels Stores, Inc. -- Moody's affirms Michaels Ba3 CFR; assigns Ba3 to senior secured notes
Moody's Investors Service ("Moody's") affirmed Michaels Stores, Inc.'s ("Michaels ") Ba3 corporate family rating, its Ba3-PD probability of default rating, its Ba3 senior secured rating and its B2 unsecured rating. Moody's also assigned a Ba3 rating to its senior secured notes. "Michaels has very good liquidity evidenced by high cash balances and ample revolver capacity to support operations during the pandemic, and no near term debt maturities" Boni added.
- Bloomberg
Blackstone Nears $2 Billion India Property Deal With Prestige
(Bloomberg) -- Blackstone Group Inc. is nearing a deal to buy an Indian developer’s commercial properties for about $2 billion, according to people with knowledge of the matter.The U.S. private equity group is in advanced talks to acquire Prestige Estates Projects Ltd.’s rent-yielding assets including offices and operating malls, the people said, asking not to be identified as the discussions are private. Terms haven’t been finalised and negotiations could still be delayed or fall apart, the people said.A representative for Blackstone declined to comment. An email to Prestige wasn’t immediately answered outside of business hours in India Friday.Blackstone is the largest owner of commercial real estate in India with a total investment of around $7.8 billion as of March 2020. It has built its portfolio over more than a decade, buying up more properties as India’s economy slowed in recent years. Two real estate investment trusts backed by Blackstone have also been listed on India’s public markets.READ: Blackstone Sees Buyout Opportunities With Virus-Cheapened AssetsPrestige Estate is one of the largest developers in southern India. It has about 45 ongoing projects spanning 52 million square feet, with another 57 million square feet under construction.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
