BX - Blackstone Inc.
After hours:
Chart Events
Price Crosses Moving Average
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 87.40 |
| Open | 87.90 |
| Bid | 86.90 x 1000 |
| Ask | 88.15 x 800 |
| Day's Range | 86.88 - 88.33 |
| 52 Week Range | 71.72 - 118.80 |
| Volume | |
| Avg. Volume | 5,220,401 |
| Market Cap | 104.897B |
| Beta (5Y Monthly) | 1.49 |
| PE Ratio (TTM) | 107.78 |
| EPS (TTM) | 0.81 |
| Earnings Date | Jul 19, 2023 - Jul 24, 2023 |
| Forward Dividend & Yield | 3.90 (4.46%) |
| Ex-Dividend Date | Apr 28, 2023 |
| 1y Target Est | 100.94 |
Fair Value
Related Research
Barrons.comBlackstone Stock Drops as Palo Alto Networks Is Added to S&P 500
Blackstone should make it into the S&P 500 later this year. Uber, Airbnb, Snowflake, and KKR also could be added to the index in 2023.
The Wall Street JournalBlackstone Agrees to Sell San Antonio Resort Hotel for $800 Million
Ryman Hospitality Properties has contracted to buy the property, which includes more than 1,000 rooms, a spa, two golf courses and 268,000 square feet of meeting space.
GlobeNewswireRyman Hospitality Properties, Inc. to Acquire JW Marriott San Antonio Hill Country Resort & Spa from Blackstone Real Estate Income Trust, Inc. for $800 Million
NASHVILLE, Tenn. and NEW YORK, June 05, 2023 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (“Ryman”) and Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced a definitive agreement under which Ryman will purchase the JW Marriott San Antonio Hill Country Resort & Spa (“JW Marriott Hill Country”) in San Antonio, Texas for $800 million from BREIT. Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties, said, “We identified the JW M
BenzingaBlackstone REIT Continues Trend Of Bad News For Real Estate Investors
Blackstone real estate investment trust (BREIT) is known as one of America’s largest and most dependable privately held REITs when it comes to delivering investor returns. However, 2023 has proven to be a difficult year for real estate investors, and Blackstone is not immune. As of May 1, 2023, Blackstone announced it is limiting investor withdrawals from its REIT, which is worth an estimated $70 billion. This move is not a new trend, as Blackstone has been limiting monthly investor withdrawals
BloombergPrivate Credit is Poised for a Multi-Trillion-Dollar Boom, But It Could Get Ugly Soon
(Bloomberg) -- First came the debt specialists and the private equity firms. Then, hedge funds and wealth managers saw an opening. Now everyone from sovereign wealth funds to venture capitalists are spouting Wall Street’s favorite buzzword: private credit.Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyApple’s $3,499 Vision Pro Headset Will Test Marketing MightA Wall Street Titan Scores One of the B
Simply Wall St.Blackstone (NYSE:BX) investors are up 3.9% in the past week, but earnings have declined over the last five years
When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can...
- Reuters
Blackstone's real estate fund sees fewer redemption requests in May
Blackstone Inc said on Thursday that redemption requests related to its real estate fund decreased in May after the private equity firm faced a flurry of redemption requests in the past few months. BREIT fulfilled March withdrawal requests of $666 million, representing only 15% of the $4.5 billion in total redemption requests for the month, the asset manager previously said. In April, the company blocked withdrawals from its $70 billion real estate income trust for March.
Barrons.comBlackstone Limits Withdrawals from Real Estate Income Trust for 7th Straight Month
Blackstone’s $69 billion retail real estate fund curbed investor withdrawals for the seventh straight month in May as it continued to see outsize redemption requests. The Blackstone Real Estate Income Trust, known as Breit, said it received $4.4 billion of redemption requests in May and paid out 30% of those requests to investors, or $1.3 billion, according to a notice posted on the Breit website Thursday morning. The redemption requests in May were down slightly from the $4.5 billion in April, little changed from March and up from $3.9 billion in February.
Business WireBlackstone Completes Acquisition of Majority Stake of Copeland, Formerly Emerson Climate Technologies
NEW YORK & ST. LOUIS, May 31, 2023--Blackstone (NYSE: BX) and Emerson (NYSE: EMR) today announced that private equity funds managed by Blackstone ("Blackstone") have completed the previously announced acquisition of a majority stake in Emerson’s Climate Technologies business in a transaction valuing the business at $14.0 billion. This closing marks a significant milestone in the HVAC and refrigeration (HVACR) industry leader’s journey to advance the next generation of climate technologies.
ZacksBlackstone Inc. (BX) Stock Moves 0.82%: What You Should Know
Blackstone Inc. (BX) closed at $86.40 in the latest trading session, marking a +0.82% move from the prior day.
ZacksHere is What to Know Beyond Why Blackstone Inc. (BX) is a Trending Stock
Blackstone Inc. (BX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Business WireBlackstone to Present at Morgan Stanley’s US Financials, Payments and CRE Conference
NEW YORK, May 30, 2023--Blackstone (NYSE:BX) announced today that Michael Chae, Chief Financial Officer, is scheduled to present at Morgan Stanley’s US Financials, Payments and CRE Conference on Monday, June 12, 2023 at 2:30pm ET.
The Wall Street JournalOffice Owners Dump Lesser Buildings for Whatever They Can Get
New York City developers are starting to unload lower-quality buildings at deep discounts, cracking open a frozen real-estate market.
ReutersBlackstone-owned Crown Resorts agrees to $294 million fine in Australia
(Reuters) -Crown Resorts, the Australian casino operator bought by Blackstone Inc after three damaging inquiries, agreed to pay a A$450 million ($294 million) fine for breaking anti-money laundering laws, a step toward ending its darkest chapter. The company, dominated by billionaire founder James Packer before he agreed to sell last year, said it agreed to the payment after allegations over wide-ranging governance problems sparked inquiries in all the states in which it operated, plus an investigation by the financial crime watchdog. The fine, which the federal court must approve, is the third-largest for an Australian company, and takes Crown's total penalties to A$680 million since it was rocked by accusations of ignoring organised crime and employee safety in hearings since 2020.
- Reuters
UPDATE 3-Blackstone-owned Crown Resorts agrees to $294 mln fine in Australia
Crown Resorts, the Australian casino operator bought by Blackstone Inc after three damaging inquiries, agreed to pay a A$450 million ($294 million) fine for breaking anti-money laundering laws, a step toward ending its darkest chapter. The company, dominated by billionaire founder James Packer before he agreed to sell last year, said it agreed to the payment after allegations over wide-ranging governance problems sparked inquiries in all the states in which it operated, plus an investigation by the financial crime watchdog. The fine, which the federal court must approve, is the third-largest for an Australian company, and takes Crown's total penalties to A$680 million since it was rocked by accusations of ignoring organised crime and employee safety in hearings since 2020.
- Simply Wall St.
Insiders At Blackstone Sold US$9.4m In Stock, Alluding To Potential Weakness \
In the last year, many Blackstone Inc. ( NYSE:BX ) insiders sold a substantial stake in the company which may have...
The Wall Street JournalThese Bank Alternatives Can Keep Cash Rolling In
Fundraising by managers of private-equity, real-estate and private-credit funds has slowed, and some look cheap.
BloombergSoftBank May Be Joining the Private Credit Boom: Credit Weekly
(Bloomberg) -- SoftBank’s mooted plan to move into private credit is the latest sign the market’s having what Blackstone Inc. President Jon Gray calls a “golden moment.”Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealKey Takeaways From Biden-McCarthy Deal to Avert US DefaultManchin Gets Mountain Valley Pipeline Deal Into Debt BillWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184
American City Business JournalsClub Quarters San Francisco hotel heading for foreclosure after loan negotiations stall
The 346-room Club Quarters San Francisco hotel in the Financial District appears headed to foreclosure after negotiations stalled on a delinquent commercial mortgage-backed securities loan valued at $274 million, according to a disclosure this month to bond investors in a CMBS industry report. CWCapital, which has been the special servicer on the loan since mid-2020, is "pursuing foreclosure" for the hotel and three other CQ hotels in Chicago, Boston and Philadelphia secured by the loan, the report states. As recently as April, the report said the parties were still evaluating options, and it's still possible foreclosure could be avoided if an agreement is reached.
ZacksRobust AUM Balance Aids Blackstone (BX) Amid Cost Woes
A solid AUM balance, fund-raising ability and revenue mix are likely to keep supporting Blackstone (BX). However, elevated expenses and unsustainable capital deployments are headwinds.
ZacksCIXXF or BX: Which Is the Better Value Stock Right Now?
CIXXF vs. BX: Which Stock Is the Better Value Option?
BloombergSchwarzman Says Blackstone in Talks to Buy Regional Bank Assets
(Bloomberg) -- Blackstone Inc. Chief Executive Officer Steve Schwarzman said the investment giant is in talks with several US regional banks to explore purchases of assets and loans they originate.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers EverywhereWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutRussian Wagner Chief Blasts Outcome of Putin’s Ukraine War GoalsWorld’s Biggest Nuclear Plant May St
Insider MonkeyHere’s Why Artisan Value Fund Exited Blackstone (BX)
Artisan Partners, an investment management company, released its “Artisan Value Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund outperformed the Russell 1000 Value Index. Its Investor Class fund ARTLX returned 7.88%, Advisor Class fund APDLX posted a return of 7.93%, and Institutional Class […]
ZacksThe Zacks Analyst Blog Highlights Alphabet, Raytheon, Blackstone, SAP SE and CVS Health
Alphabet, Raytheon, Blackstone, SAP SE and CVS Health are included in this Analyst Blog.
ZacksTop Analyst Reports for Alphabet, Raytheon Technologies & Blackstone
Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), Raytheon Technologies Corporation (RTX) and Blackstone Inc. (BX).