|Bid||34.35 x 100|
|Ask||34.40 x 1800|
|Day's Range||34.56 - 35.09|
|52 Week Range||23.33 - 35.09|
|PE Ratio (TTM)||17.18|
|Earnings Date||Jul 20, 2017|
|Dividend & Yield||3.48 (10.08%)|
|1y Target Est||37.95|
Blackstone’s second-quarter profit rose as its private-equity and real-estate holdings appreciated.
Buyout firm Blackstone Group LP on Thursday reported quarterly earnings that grew but was a touch lower than expected, as strong gains in real estate holdings were eroded by a pullback in credit investment performance. Blackstone earned an economic net income (ENI) of $705 million in the second quarter, or 59 cents a share, up 36 percent from a year ago, but below the 62 cents a share forecast of analysts, according to Thomson Reuters I/B/E/S. In terms of performance, Blackstone's real estate arm, which made up 28 percent of its total business, stood out as the firm sold property investments such as European warehouse firm Logicor for $14 billion in the quarter.
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