Blackstone Inc. (BX)
| Market Cap | 143.49B |
| Revenue (ttm) | 8.02B |
| Net Income (ttm) | 1.39B |
| Shares Out | 1.21B |
| EPS (ttm) | 1.84 |
| PE Ratio | 64.35 |
| Forward PE | 23.36 |
| Dividend | $3.76 (3.18%) |
| Ex-Dividend Date | Feb 2, 2024 |
| Volume | 3,911,999 |
| Open | 120.15 |
| Previous Close | 120.32 |
| Day's Range | 118.06 - 121.79 |
| 52-Week Range | 79.92 - 133.56 |
| Beta | 1.49 |
| Analysts | Buy |
| Price Target | 121.84 (+2.91%) |
| Earnings Date | Apr 18, 2024 |
About BX
Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-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-oriented commercial real estate across North America, Europe and... [Read more]
Financial Performance
In 2023, Blackstone's revenue was $8.02 billion, a decrease of -5.81% compared to the previous year's $8.52 billion. Earnings were $1.39 billion, a decrease of -20.41%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for BX stock is "Buy." The 12-month stock price forecast is $121.84, which is an increase of 2.91% from the latest price.
News
Blackstone nears deal to sell S.Korean pharma wholesaler to MBK Partners, sources say
Private equity firm Blackstone Inc is nearing a deal to sell its controlling stake in South Korean wholesale drug distributor Geo-Young to North Asian buyout fund MBK Partners for over $1 billion, thr...
Blackstone's Gray on Rate Moves, Earnings, Real Estate
Blackstone President and COO Jonathan Gray speaks with Bloomberg's Sonali Basak about the latest earnings report that narrowly beat estimates. They also speak about about when the Federal Reserve migh...
Blackstone President Jon Gray: The Fed's policy has been effective
Jon Gray, Blackstone president and COO, joins 'Squawk Box' to discuss the company's quarterly earnings results, growth outlook, state of private credit, commercial real estate and real estate market a...
Watch CNBC's full interview with Blackstone President and COO Jon Gray
Jon Gray, Blackstone president and COO, joins 'Squawk Box' to discuss the company's quarterly earnings results, growth outlook, state of private credit, real estate market, impact of elevated interest...
Blackstone Posts Slight Earnings Beat, Raises $34 Billion in First Quarter
Total assets under management rise to $1.06 trillion in the first quarter at Blackstone.
Blackstone proposes 'hyperscale' data centre in northern England
Private equity giant Blackstone has proposed building a multi-billion pound 'hyperscale' data centre in northern England, according to documents published by a local council on Monday.
Washington Trust Contributes $22,000 to NeighborWorks Blackstone River Valley
Donation Supports New "Focused Neighborhood Homeownership Initiative" WESTERLY, R.I. , April 15, 2024 /PRNewswire/ -- Washington Trust ("the Bank") today announced that the Washington Trust Charitable...
Blackstone, CVC consider bids for Superstruct festivals firm, sources say
Blackstone and CVC are among a list of potential bidders for European festivals organiser Superstruct Entertainment, several sources with knowledge of the situation told Reuters.
Blackstone Mortgage (BXMT) stock could crash by 21% soon
The Blackstone Mortgage Trust (NYSE: BXMT) stock price dipped sharply on Wednesday after the US published strong consumer inflation data, pushing borrowing costs sharply higher. The stock dipped to $1...
Banks Strike Back Against Private Credit
Wall Street banks are gaining back ground against nonbank lenders.
Blackstone Is Said to Near Buyout of L'Occitane
Bloomberg has learned that Blackstone Inc. is nearing a deal to take L'Occitane International SA private, potentially ending the global cosmetics company's 14-year run on Hong Kong's stock exchange. M...
Blackstone nears take-private deal for L'Occitane, Bloomberg News reports
Blackstone Inc is nearing a take-private deal for Hong Kong-listed skincare company L'Occitane International SA , Bloomberg News reported on Tuesday, citing people familiar with the matter.
APARTMENT INCOME REIT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Apartment Income REIT Corp. - AIRC
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 Apartment Income...
Blackstone to take Apartment Income REIT private in $10B deal
Blackstone Inc. (BX) is on the path to acquiring Apartment Income REIT Corp. (AIRC) for $10 billion with plans to take the real estate investment firm private. Yahoo Finance Live monitors shares of Ap...
Blackstone Sends 'Takeoff' Signal With Big Property Deal
Blackstone Inc.'s purchase of Apartment Income REIT adds to growing investor sentiment that it's now a good time to jump into the battered US property market, Bloomberg's Patrick Clark and Abigail Doo...
Blackstone To Take Rental Housing Owner AIR Communities Private in $10B Deal
Blackstone (BX) said Monday that it was taking Apartment Income REIT (AIRC) private in an all-cash deal worth about $10 billion, sending shares in the real estate investment trust (REIT) known as AIR ...
Apartment Income Stock Is Soaring on the Blackstone Buyout
A unit of asset manager Blackstone agreed to buy Apartment Income REIT, an owner of rental-housing communities, for about $10 billion.
Apartment Income REIT stock rallies on Blackstone buyout
Apartment Income Real Estate Investment Trust, or AIR Communities, saw its stock price jump by 23% in premarket trades on Monday after it agreed to be taken private by Blackstone Inc. for about $10 bi...
Blackstone Real Estate to Take AIR Communities Private for Approximately $10 Billion
NEW YORK & DENVER--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Apartment Income REIT Corp. (NYSE: AIRC) (“AIR Communities” or the “Company”) today announced that they have entered into a definitive agr...
Blackstone to buy Air Communities for $10 billion
Blackstone Inc is in focus today following a report that it plans on buying Apartment Income REIT for about $10 billion. Details of Blackstone – Air Communities deal The proposed transaction values ea...
Buyers Edge Platform Announces $425M Preferred Equity Investment Led by General Atlantic Credit's Atlantic Park Fund, Alongside Blackstone Tactical Opportunities and Morgan Stanley Tactical Value
WALTHAM, Mass. & NEW YORK--(BUSINESS WIRE)--Buyers Edge Platform (the “Company”), a leader in digital procurement solutions for the foodservice industry, today announced a $425M preferred equity inves...
Rexford Industrial Acquires Blackstone Industrial Assets in Combined $1 Billion Investment
LOS ANGELES and NEW YORK , March 28, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. ("Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in ...
Moderna gets $750 mln funding from Blackstone Life Sciences to develop flu shots
Moderna said on Wednesday it has entered into an agreement with private equity firm Blackstone's life science investment platform for a funding of $750 million to develop its mRNA flu vaccines.
Blackstone Life Sciences Announces Collaboration to Support Moderna's Influenza Program
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today a new collaboration with Moderna, Inc. (NASDAQ: MRNA, “Moderna”) through a development and commercialization funding agreement where fun...
Blackstone, Qualcomm CEOs Meet Xi Jinping In Beijing Amid US-China Trade Tensions
Chinese President Xi Jinping met with a group of American business executives in Beijing on Wednesday as his government attempts to boost overseas investment in the country amid ongoing geopolitical a...