Blackstone Inc. (BX)
| Market Cap | 221.36B |
| Revenue (ttm) | 11.14B |
| Net Income (ttm) | 2.22B |
| Shares Out | 1.22B |
| EPS (ttm) | 2.90 |
| PE Ratio | 62.56 |
| Forward PE | 32.54 |
| Dividend | $3.44 (1.90%) |
| Ex-Dividend Date | Oct 28, 2024 |
| Volume | 1,813,875 |
| Open | 182.09 |
| Previous Close | 181.56 |
| Day's Range | 180.67 - 184.34 |
| 52-Week Range | 102.79 - 184.34 |
| Beta | 1.48 |
| Analysts | Buy |
| Price Target | 156.28 (-13.76%) |
| Earnings Date | Oct 17, 2024 |
About BX
Blackstone Inc. is an alternative asset management firm specializing in private equity, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage, seed, middle market, mature, late venture and later stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-orien... [Read more]
Financial Performance
In 2023, Blackstone's revenue was $7.68 billion, a decrease of -4.14% compared to the previous year's $8.02 billion. Earnings were $1.39 billion, a decrease of -20.41%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for BX stock is "Buy." The 12-month stock price forecast is $156.28, which is a decrease of -13.76% from the latest price.
News
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Retail Opportunity Investments Corp.
NEW YORK , Nov. 13, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Retail Opportunity Investments Corp. (NASDAQ: ROIC) and its board of directors concerni...
Sector Spotlight: Shopping Center REITs
Blackstone's acquisition of Retail Opportunity Investments Corp. highlights increased M&A activity in the retail real estate sector, raising speculation on future deals. Retail REITs have shown strong...
Exclusive: Blackstone backs Brigade with $300 million investment for private credit, CLOs
Hedge fund Brigade Capital is receiving a $300 million investment from Blackstone to help build its new private credit strategy and expand its collateralized loan obligations (CLO) platform, two peopl...
Forget The Election: 3 REITs To Buy Today
Macroeconomics trumps politics. REITs are cheap and set to benefit from rate cuts. Here are 3 REITs that win no matter what.
RETAIL OPPORTUNITY INVESTMENTS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Retail Opportunity Investments Corp. - ROIC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Retail Opportuni...
Blackstone Real Estate to take Retail Opportunity private in $4 bln deal
Blackstone Real Estate on Wednesday entered into an agreement to take Retail Opportunity Investments Corp private in an all-cash transaction valued at about $4 billion, including debt.
Blackstone Real Estate to Take Retail Opportunity Investments Private for $4 Billion
NEW YORK & SAN DIEGO--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Retail Opportunity Investments Corp. (Nasdaq: ROIC) (“ROIC” or the “Company”) today announced that they have entered into a definitive ...
Blackstone Tactical Opportunities Announces Leadership Transition
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that Chris James – currently Chief Operating Officer (COO) and a founding member of Blackstone Tactical Opportunities (“Tac Opps”), wit...
Exclusive: Blackstone in advanced talks to acquire shopping center owner Retail Opportunity, sources say
Blackstone is in advanced talks to acquire Retail Opportunity Investments Corp , which owns U.S. shopping centers, according to people familiar with the matter.
Blackstone nears $5 bln Rogers investment, the Globe and Mail reports
Private equity firm Blackstone Inc is bidding C$7 billion ($5.03 billion) for a minority stake in telecom and media company Rogers Communications's cellphone infrastructure business, the Globe and Mai...
A Rare Buying Opportunity: Big Market Disconnect In Alternative Asset Managers
There's a huge market disconnect going on in one of the hottest sectors right now. We discuss why one stock in that sector has massively lagged behind the other high fliers. We also discuss why we thi...
Blackstone Closes First Series of Evergreen Institutional U.S. Direct Lending Fund with $22 Billion of Investable Capital; Brings Global Direct Lending Platform to over $123 Billion in AUM
NEW YORK--(BUSINESS WIRE)--Blackstone today announced the final close of the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (“BXD”). Blacks...
Exclusive: Blackstone in talks to buy US pipeline stakes from EQT for $3.5 billion, sources say
Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on...
My Dividend Stock Portfolio: New September Dividend Record - 100 Holdings With 12 Buys
September's investment activity was minimal, with $1,000 invested mainly in Business Development Companies, while I traveled through Hungary, Albania, and Oman. Traveling highlighted the benefits of l...
Blackstone: Time To Take Profits
Blackstone reported strong 3Q24 results with profits up YoY, driven by asset management growth and asset inflows, reaching $1.1 trillion in AUM. Despite robust performance, Blackstone's valuation at 4...
If I Could Only Buy 3 REITs For The Next Year
Today's market environment is evolving very rapidly. It is time to review our Top Picks for 2025. Here are 3 REITs to buy for the next year.
Blackstone Analysts Increase Their Forecasts After Q3 Earnings
Blackstone Inc BX reported better-than-expected third-quarter financial results on Thursday.
Inside Blackstone's growing 'credit juggernaut'
Private lending is now Blackstone's largest business by assets, up 22% since last year. COO Jon Gray said it's "very early days" for the burgeoning business.
Blackstone Stock Hits Record High as Assets Under Management Jump
Blackstone (BX) shares soared to a record high Thursday after the world's largest alternative asset manager reported its profit skyrocketed as a result of bringing in more investments.
Blackstone Inc. (BX) Q3 2024 Earnings Call Transcript
Blackstone Inc. (NYSE:BX) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Weston Tucker - Head of Shareholder Relations Steve Schwarzman - Chairman and Chief Executi...
Blackstone Savors `Farm-to-Table' Private Credit Model
Blackstone Inc. President Jon Gray says it's inevitable that "some excess return'' comes out of private credit after boom times in that market. But with Blackstone's credit arm now its largest busines...
Blackstone shares up 7% as world's largest alternative asset manager beats Q3 earnings estimates
Blackstone shares surged by 7% on Thursday after the world's largest alternative investment firm reported impressive quarterly earnings that exceeded Wall Street expectations. The firm's assets under ...
Blackstone President Jon Gray on Q3 results: We're seeing a healing of capital markets
Blackstone President and COO Jon Gray joins "Squawk Box' to discuss the company's quarterly earnings results, what to expect in Q4, state of the economy, the Fed's rate path outlook, impact of the 202...
Blackstone Earnings Beat Estimates. CEO Cites a ‘Broad-Based Acceleration.
The money manager reports third-quarter distributable earnings of $1.01 per share, higher than Wall Street's call for 91 cents.