Blackstone Inc. (BX)
| Market Cap | 210.09B |
| Revenue (ttm) | 11.14B |
| Net Income (ttm) | 2.22B |
| Shares Out | 1.22B |
| EPS (ttm) | 2.90 |
| PE Ratio | 59.41 |
| Forward PE | 30.69 |
| Dividend | $3.44 (2.00%) |
| Ex-Dividend Date | Oct 28, 2024 |
| Volume | 1,255,528 |
| Open | 170.18 |
| Previous Close | 170.84 |
| Day's Range | 169.15 - 172.77 |
| 52-Week Range | 114.88 - 200.96 |
| Beta | 1.51 |
| Analysts | Buy |
| Price Target | 164.39 (-4.41%) |
| Earnings Date | Jan 23, 2025 |
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 $164.39, which is a decrease of -4.41% from the latest price.
News
2 Once-In-A-Decade REIT Investment Opportunities
REITs are still priced at a decade-low valuation. Some REITs have the potential to double your money in a few years. I present two such once-in-a-decade buying opportunities.
Buy The Dip: High-Yield High-Growth Stocks Getting Way Too Cheap
The Federal Reserve's announcement of fewer rate cuts has caused market panic, accelerating pullbacks in high-yield, high-growth stocks. However, I have found that high-yield, high-growth stocks are a...
My Dividend Stock Portfolio: New November Dividend Record - 97 Holdings With 18 Buys
In November, I invested $1,400 primarily in Business Development Companies, boosting my yearly dividend income by $148, with a YTD total exceeding $1,400. My portfolio achieved all-time highs, driven ...
10% Yields: 2 Well-Covered Big Dividends The Market Is Sleeping On
The market rarely offers 10%+ yielding common equities that have a low risk of facing a cut. However, once in a while it offers up compelling opportunities like this. I share two 10%+ yields that are ...
Blackstone Announces Acquisition of Tokyo Garden Terrace Kioicho, Japan's Largest Ever Real Estate Investment by a Foreign Investor
TOKYO--(BUSINESS WIRE)--Blackstone (NYSE: BX), the world's leading alternative investment firm, today announced that Real Estate funds managed by Blackstone (“Blackstone”) have entered into definitive...
Blackstone Inc. (BX) Goldman Sachs 2024 U.S. Financial Services Conference (Transcript)
Blackstone Inc. (NYSE:BX) Goldman Sachs 2024 U.S. Financial Services Conference December 11, 2024 12:20 PM ET Company Participants Jon Gray - President and COO Conference Call Participants Alexander ...
Blackstone sees private equity North America exit volumes doubling next year
Alternative asset manager Blackstone expects exit volumes in its North America private equity business to double in 2025, driven by expectations of increased IPOs, and M&As activity, as inflation ease...
Call of the Day: Blackstone
The CNBC 'Halftime Report' Investment Committee discusses Blackstone and other financial names.
Blackstone Completes Senior Notes Offering
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced the completion of the previously announced offering of $750 million of 5.000% senior notes due 2034 of Blackstone Reg Finance Co. L.L.C., its...
Blackstone, EQT advance into next round of Urbaser sale, sources say
Buyout groups Blackstone and EQT have advanced to the second round of bids in the sale process of waste management company Urbaser, according to two sources with knowledge of the situation.
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior h...
Blackstone Prices $750 Million Senior Notes Offering
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) priced its offering of $750 million of 5.000% senior notes due 2034 of Blackstone Reg Finance Co. L.L.C., its indirect subsidiary. The notes are to be ...
Blackstone Announces Key Leadership Appointments and Launches New Areas of Client Coverage
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced three appointments to key firmwide roles and the creation of two new functions to enhance client coverage and capital raising. Blacksto...
Blackstone to Offer Senior Notes
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced its intention to offer, subject to market and other conditions, senior notes of Blackstone Reg Finance Co. L.L.C., its indirect subsidi...
Blackstone: My No. 1 Investment Of All-Time
I have consistently accumulated Blackstone Inc. shares since 2014, resulting in an 880% return, outperforming the S&P 500's 220% return. Blackstone's wide moat, massive AUM, and strategic acquisitions...
3 Once-In-A-Decade REIT Buying Opportunities
REITs are presenting a historic opportunity. Their valuations are the lowest since the great financial crisis. We present 3 REITs offering significant upside potential.
Blackstone Credit & Insurance Announces $1 Billion Infrastructure Loan Portfolio Purchase From Santander
NEW YORK--(BUSINESS WIRE)--Blackstone and Santander Corporate & Investment Banking today announced an agreement under which funds managed by Blackstone Credit & Insurance (“BXCI”) will acquire interes...
Why I Stopped Buying Rental Properties To Buy REITs Instead
I used to invest mostly in rental properties. But these days, I favor REITs for most of my investments. I explain why.
Investment Committee Moves: EPAM, Paycom, Blackstone, Healthequity, Booz Allen, Leidos, and Vertiv
Karen Firestone and Steve Weiss join CNBC's 'Halftime Report' to detail their latest portfolio moves.
Blackstone to Present at the Goldman Sachs 2024 US Financial Services Conference
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today that Jon Gray, President and Chief Operating Officer, is scheduled to present at the Goldman Sachs 2024 US Financial Services Conference...
My Dividend Stock Portfolio: New October Dividend Record - 100 Holdings With 15 Buys
Investment activity in October focused on Business Development Companies, with $1,300 added to the market. Adjusted dividend income in October of $789, up 25% Y/Y and up 11% sequentially. Main picks i...
Blackstone buys Jersey Mike's sandwich chain
Asset management firm Blackstone will become the majority owner of sandwich chain Jersey Mike's in a deal that values the company at a reported $8 billion.
Blackstone nears deal for Jersey Mike's Subs, source says
Buyout firm Blackstone is nearing a deal for Jersey Mike's Subs that would value the U.S. sandwich chain at around $8 billion, including debt, and could be announced as early as this week, a person fa...
Blackstone Nears Deal for Jersey Mike's Subs
The deal would value the closely held sandwich chain at around $8 billion, including debt.