BX - The Blackstone Group L.P.

NYSE - Nasdaq Real Time Price. Currency in USD
41.35
+0.74 (+1.83%)
As of 10:36AM EDT. Market open.
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Previous Close40.61
Open40.80
Bid41.30 x 900
Ask41.31 x 1000
Day's Range40.80 - 41.42
52 Week Range26.88 - 41.42
Volume1,069,665
Avg. Volume3,527,838
Market Cap47.438B
Beta (3Y Monthly)1.67
PE Ratio (TTM)16.99
EPS (TTM)2.43
Earnings DateJul 17, 2019 - Jul 22, 2019
Forward Dividend & Yield1.48 (3.75%)
Ex-Dividend Date2019-04-26
1y Target Est45.36
Trade prices are not sourced from all markets
  • QEP Resources' Stock Gains 5.3% on Takeover Speculations
    Zacks2 hours ago

    QEP Resources' Stock Gains 5.3% on Takeover Speculations

    QEP Resources (QEP) has impressed investors by undertaking several initiatives to become a pure-play Permian firm.

  • This is the biggest Saudi IPO in almost five years — and the first to be sold directly to U.S. investors
    MarketWatch17 hours ago

    This is the biggest Saudi IPO in almost five years — and the first to be sold directly to U.S. investors

    Saudi Arabia’s largest share offering in four years has been postponed for two days amid rising geopolitical tensions and a looming trade war between the U.S. and China which have rattled global markets. The flotation of Arabian Centres is a key test of international investor sentiment in the Kingdom since the death of dissident journalist Jamal Kashoggi last year and values the country’s largest shopping mall developer at around 12.6 billion riyals ($3.3 billion). It will be the biggest initial public offering since the $6 billion listing of lender National Commercial Bank four years ago.

  • Bloomberg18 hours ago

    Blackstone, Whiting, Callon Consider Bids for Shale Driller QEP

    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.

  • Top Paid CEOs for 2018
    Investopedia20 hours ago

    Top Paid CEOs for 2018

    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.

  • Why Is Blackstone Group (BX) Up 5.3% Since Last Earnings Report?
    Zacks3 days ago

    Why Is Blackstone Group (BX) Up 5.3% Since Last Earnings Report?

    Blackstone Group (BX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • InvestorPlace4 days ago

    7 High-Yield REITs to Buy (Even When the Market Tanks)

    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.

  • PR Newswire4 days ago

    Marlin Equity Partners Announces Strategic Minority Investment by Blackstone

    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.

  • Reuters5 days ago

    Japan's Takeda expects binding offers for Latam business by end of May -sources

    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.

  • Financial Times6 days ago

    WeWork talks the language of Wall Street as losses moderate

    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.

  • Reuters6 days ago

    -Offshore yuan daily turnover surged to record last week - EBS

    "Turnover remains strong as trade tensions remain high," said Jeff Ward, global head of NDFs and Forwards and head of FX Asia for EBS. U.S. President Donald Trump threatened higher tariffs on billions of dollars of Chinese imports last week, and Beijing responded with planned tariff hikes of its own on Monday. Investors have executed their views on what impact higher tariffs would have on the world's top two economies primarily through the foreign exchange markets.

  • Blackstone says - We still like the UK but Brexit hurting growth
    Reuters7 days ago

    Blackstone says - We still like the UK but Brexit hurting growth

    Blackstone, one of the world's biggest private equity investors, said on Tuesday it still liked the United Kingdom as a long term prospect because assets were attractively priced even though Brexit had hurt economic growth. "We still like the UK as a place to invest long term," Blackstone President Jonathan Gray told a Wall Street Journal conference in London. "We do see however that Brexit has slowed growth," he said.

  • Reuters7 days ago

    Blackstone says: We still like the UK but Brexit hurting growth

    Blackstone, one of the world's biggest private equity investors, said on Tuesday it still liked the United Kingdom as a long term prospect because assets were attractively priced even though Brexit had hurt economic growth. "We still like the UK as a place to invest long term," Blackstone President Jonathan Gray told a Wall Street Journal conference in London. "We do see however that Brexit has slowed growth," he said.

  • Legg Mason (LM) Q4 Earnings Beat Estimates, Revenues Down
    Zacks7 days ago

    Legg Mason (LM) Q4 Earnings Beat Estimates, Revenues Down

    Legg Mason's (LM) fourth-quarter fiscal 2019 (ended Mar 31) results indicate lower revenues, reduced expenses and improvement in assets under management (AUM).

  • Reuters7 days ago

    Scout24 takeover offer by Hellman & Friedman, Blackstone fails

    A takeover bid for Germany's Scout24 led by Hellman & Friedman and Blackstone has failed as it did not secure the required support of 50 percent of shares, the bidders said on Tuesday. The offer from private equity firm Hellman & Friedman, in partnership with Blackstone, had valued the Munich-based company at 5.7 billion euros (4.95 billion pounds) including debt. Best known for its ImmobilienScout24 home listings in Germany and AutoScout24 car listings across Europe, the company was previously owned by Hellman & Friedman, which acquired a controlling stake from Deutsche Telekom in 2013 before listing the business in 2015.

  • Bloomberg7 days ago

    Blackstone, H&F $5.5 Billion Bid for Germany's Scout24 Fails

    Blackstone and Hellman & Friedman ruled out extending or improving their offer earlier this month, signaling they were willing to walk away from the deal if investors rejected the terms. Several top-10 shareholders weren’t willing to tender their shares at the current price, people familiar with the matter said previously.

  • Financial Times7 days ago

    US private equity groups’ €5.7bn bid for Scout24 collapses

    One of the biggest attempted takeovers of a German listed company by private equity has collapsed after US buyout groups failed to garner enough support from shareholders in Scout24 for their €5.7bn acquisition of the online classifieds group. Hellman & Friedman and Blackstone said their bid for Scout24 had not reached the minimum shareholder acceptance threshold, despite it having the support of the German company’s board. Advisers close to the deal said institutional shareholders judged the offer to significantly undervalue the business, which on Tuesday posted more than 20 per cent growth in revenues for the first quarter.

  • Reuters8 days ago

    Wells Fargo CEO search hobbled by pay limitations - sources

    Wells Fargo's CEO pay package has trailed peers in recent years in the aftermath of a wide-ranging sales practices scandal. Wells Fargo is also the smallest of the top four retail banks by assets. The board will likely pay the next CEO $15 million-$20 million a year, said Robin Ferracone, the chief executive of compensation consultancy Farient Advisors LLC. That compares with the $25 million (19 million pounds) that CEOs of top retail banks earned last year on average.

  • ACCESSWIRE8 days ago

    Superbet Announces €175m Strategic Minority Equity Investment from Blackstone

    BUCHAREST, ROMANIA and LONDON, UK / ACCESSWIRE / May 13, 2019 / Superbet (the "Company"), the largest omni-channel sports betting and gaming operator in Romania, and Blackstone (NYSE: BX) announce ...

  • 5 Top Stocks That Are Cash Cows
    Motley Fool10 days ago

    5 Top Stocks That Are Cash Cows

    Worried about a downturn? Cash is king.

  • PR Newswire11 days ago

    Blackstone Mortgage Trust to Present at the 2019 KBW Real Estate Finance and Asset Management Conference

    NEW YORK, May 10, 2019 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) announced today that Steve Plavin, President and Chief Executive Officer, will participate in a panel discussion at the 2019 Keefe, Bruyette & Woods Real Estate Finance and Asset Management Conference in New York, NY on Thursday, May 30, 2019 at 10:40 am ET. An audio webcast of the presentation will be available live on the Webcasts section of BXMT's website at http://ir.blackstonemortgagetrust.com/webcasts/default.aspx. Blackstone Mortgage Trust (BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia.

  • This is how the ultra-wealthy are navigating volatility, says Tiger 21 founder
    CNBC Videos4 days ago

    This is how the ultra-wealthy are navigating volatility, says Tiger 21 founder

    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.