35.98 +0.27 (0.76%)
After hours: 7:57PM EDT
|Bid||35.71 x 3000|
|Ask||0.00 x 1200|
|Day's Range||35.11 - 35.91|
|52 Week Range||29.57 - 37.52|
|PE Ratio (TTM)||18.33|
|Earnings Date||Jul 19, 2018|
|Forward Dividend & Yield||2.18 (6.21%)|
|1y Target Est||40.13|
Jul.11 -- Blackstone Group LP is reportedly ready to seek more than $20 billion as it plans to market a new buyout fund later this year. Bloomberg's Jason Kelly reports on "Bloomberg Daybreak: Americas."
Jul.10 -- Blackstone Group LP plans to start raising its next global private equity fund three years after gathering about $18 billion from investors for its last pool. Bloomberg's Jason Kelly has more on "What'd You Miss?"
Some of the largest private equity firms are charging customers more even as price cuts hit almost every other corner of the asset-management industry. TPG and Hellman & Friedman are increasing management fees on new -- and bigger -- funds they’re seeking to raise, according to investor documents viewed by Bloomberg News. The moves follow similar ones made by rivals Apollo Global Management LLC and Blackstone Group LP in recent years, when they started gathering money for their flagship buyout pools.
Several foreign funds, among them Blackstone Group and Cerberus, are considering making bids for toxic real estate assets held by Spain's Banco Santander, two sources with knowledge of the matter said on Monday. The real estate asset portfolio has a gross value of around 5 billion euros ($5.86 billion), sources said, confirming an earlier report published by financial website elconfidencial.com. Banco Santander declined to comment.
On July 19, The Blackstone Group (BX) is expected to report its second-quarter earnings. Wall Street analysts expect the asset manager to report EPS of $0.74, which reflects a YoY (year-over-year) rise of 25.4%. Despite volatile markets, Blackstone had total inflows of $18.2 billion in the first quarter.
The deal brings together two rivals that compete for stakes in private-equity shops in a joint bet on Francisco Partners’ growth. The buyers—Blackstone’s Strategic Capital Group and Goldman’s Petershill group—are investing on equal terms, said people briefed on the sale. Francisco said in a news release the transaction gives the San Francisco firm new balance-sheet money to expand and make bigger commitments to funds.
New retail and build-to-suit industrial spaces could be in Depot Park’s future, with a new owner plotting the course for the 350-acre Sacramento business park.
Francisco Partners, a leading technology-focused private equity firm, announced that Blackstone’s (BX) Strategic Capital Group and Goldman Sachs Asset Management’s Petershill program (“Petershill”) (GS) have acquired a minority stake in Francisco Partners. The investment provides Francisco Partners with balance-sheet capital to continue to develop its strong platform while increasing commitments to its own funds, strengthening its alignment with limited partners. Dipanjan “DJ” Deb, Co-founder and CEO of Francisco Partners, said, “Since our inception, we have always prided ourselves on the strength of our relationships.
Pre-market today, WallStEquities.com reviews these four Asset Management stocks: State Street Corp. (NYSE: STT), T. Rowe Price Group Inc. (NASDAQ: TROW), The Bank of New York Mellon Corp. (NYSE: BK), and The Blackstone Group L.P. (NYSE: BX). All you have to do is sign up today for this free limited time offer by clicking the link below.
Nevermind West End shopfronts and Mayfair offices. The big money in London real estate is chasing small warehouses. Rents for the dwindling amount of industrial space inside cities are soaring as online retailers like Amazon.com Inc. seek local hubs to cut delivery times. The Amazon effect first reached big-box warehouses, those located outside of town that can span the size of 15 soccer fields.
The $20bn office space start-up WeWork is vying with a Blackstone-backed rival to take over the lease of Manhattan’s landmark Flatiron Building, potentially turning the century-old skyscraper into the ...
LONDON/ABU DHABI, July 11 (Reuters) - The initial public offering (IPO) of Blackstone-backed, Middle East-focused education company GEMS has been shelved, three sources familiar with the matter said. Sources familiar with the deal had said the London listing was delayed after authorities in Dubai unexpectedly decided to freeze tuition fees, meaning the company's financial forecasts had to be adjusted. "Bankers knew this wouldn't go ahead as GEMS was unsure about its expansion plans, given that many students were leaving as families were packing up due to job losses," a banker in the region said.
Blackstone Group LP plans to start raising its next global private equity fund three years after gathering about $18 billion from investors for its last pool. Bloomberg's Jason Kelly has more on "What'd ...
Blackstone Group LP, the world’s largest alternative investment firm, is nearing a first close of about $3 billion for its third energy fund, according to people with knowledge of the matter. Blackstone Energy Partners III will be able to start actively investing shortly after closing the round, said the people, who asked not to be identified because they aren’t authorized to speak publicly. The latest fund will provide 70 percent of the capital for new deals, with Blackstone’s flagship global buyout fund putting up the rest, this person said.
Blackstone Group LP plans to start raising its next global private equity fund three years after gathering about $18 billion from investors for its last pool. New York-based Blackstone’s prior vehicle wasn’t even a third invested as of March 31, according to a regulatory filing. Blackstone is quickly returning to market as investors pile into the asset class.
Pebblebrook Hotel Trust is formally urging shareholders in LaSalle Hotel Properties to vote against the company’s proposed merger with an affiliate of the Blackstone Group LP (NYSE: BX) for $33.50 per share. Pebblebrook (NYSE: PEB) made what it calls a superior offer for its neighboring Bethesda hospitality REIT last month. In a release sent out Tuesday morning, Pebblebrook said it is filing a proxy with the Securities and Exchange Commission urging LaSalle shareholders to nix the merger with BRE Landmark LP.
Comcast hopes that preparing now for such divestitures will ease Fox's concerns over potential antitrust risks and boost the chances of its bid disrupting Fox's agreed $71 billion cash-and-stock deal to sell the assets to Walt Disney Co (DIS.N), the sources said on Monday. Last month, the U.S. Department of Justice gave the go-ahead to Disney's acquisition of the Fox assets, asking Disney, which owns sports network ESPN, to divest all of Fox's 22 regional sports networks, known as RSNs, on antitrust grounds.
When Blackstone Group LP made a bet that shook confidence in the credit derivatives market, U.S. regulators waged an unusual campaign to pressure the investment firm to back down. The Commodity Futures Trading Commission took an interest last year when Blackstone’s GSO Capital Partners LP disclosed it had taken out insurance on bonds issued by Hovnanian Enterprises Inc., wagering the home builder would default on its debts. Blackstone offered Hovnanian a low-cost loan and persuaded the builder to miss a small interest payment in exchange, which would trigger payouts on $333 million in Blackstone’s credit-insurance contracts and yield the firm tens of millions of dollars, depending on market factors.
The move represents a big bet by BP on U.S. oil and gas production at a time when energy prices are rebounding. It would allow it to significantly rebalance its business with oil production, after focusing largely on natural gas assets. BHP said in August it aimed to sell onshore shale assets in the Eagle Ford, Permian, Haynesville and Fayetteville basins, which it acquired at the height of the oil boom.
A multinational private equity firm has agreed to buy the JW Marriott San Antonio Hill Country Resort & Spa on San Antonio's North Side for just under $650 million.
Doctors and dentists often become landlords once they have some money saved up. American Homes 4 Rent Inc. (NYSE:AMH) does the same thing, only under corporate cover — as a Real Estate Investment Trust (REIT) that is publicly traded. Two rivals, Starwood Waypoint Homes and Invitation Homes Inc. (NYSE:INVH), recently merged under the financial leadership of Blackstone Group L.P. (NYSE:BX) and real estate is seen as a good place to be when the market looks ready to roll over.
Holland Partner Group will break ground within the next month on an 18-story tower with 405 rental units and about 60,000 square feet of retail. Oakland’s Broadway-Valdez specific plan — which aims to revitalize the area through mixed-use residential and retail development — unleashed a flood of development in the area since it was passed in 2014. “Holland going forward is a very positive signal,” said Ed McFarlan, director of JRDV Architects, who has worked extensively in Oakland.
Of the total 14 analysts covering Blackstone Group (BX) in June, six have recommended a “buy.” Seven analysts suggested a “strong buy,” and one has given the stock a “hold” rating. The ratings on Blackstone haven’t changed in the past three months. Overall, the traditional and alternative asset managers have a weaker outlook primarily because of global uncertainties.