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Blackstone Inc. (BX) Reports Next Week: Wall Street Expects Earnings Growth
Zacks Investment Research· 2024-04-11 15:06
Blackstone Inc. (BX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 18. ...
Blackstone's $10 Billion Bet on Property Prices Going Up
MarketBeat· 2024-04-11 11:30
Key PointsHigh home prices and mortgage rates make it difficult for first-time homebuyers.Blackstone just made a $10 billion acquisition of American Income, a residential REIT - a bet that could mean property prices are on the rise again. One other REIT, Equity Lifestyle Properties, fits the characteristics of the next potential double-digit rally, and markets are willing to pay for it. 5 stocks we like better than Apartment Income REITThe United States housing market has struggled the past 12 months, as th ...
Blackstone To Take Rental Housing Owner AIR Communities Private in $10B Deal
Investopedia· 2024-04-08 16:10
Key TakeawaysBlackstone announced Monday it was taking real estate investment trust Apartment Income REIT, known as AIR Communities, private in a $10 billion all-cash acquisition.AIR Communities shareholders will receive $39.12 per share, a nearly 25% premium over the REIT's closing price on Friday.Blackstone said it would be investing more than $400 million to upgrade AIR's communities. Blackstone (BX) said Monday that it was taking Apartment Income REIT (AIRC) private in an all-cash deal worth about $10 b ...
Blackstone Secured Lending: Boost Your Cash Flow With This 10% Yield
Seeking Alpha· 2024-04-07 16:07
JamesBrey Blackstone Secured Lending (NYSE:BXSL) convinces with its strong net investment income trajectory, a low pay-out ratio, top loan quality, a growing net asset value as well as a commitment to raising the quarterly dividend. Although I am not chiefly a BDC investor, I believe Blackstone Secured Lending makes a very strong value proposition for dividend investors as the portfolio is centered around a first lien strategy and portfolio quality is exemplary. At the same time, Blackstone Secured Lend ...
Blackstone Inc. (BX) Suffers a Larger Drop Than the General Market: Key Insights
Zacks Investment Research· 2024-04-01 23:20
Blackstone Inc. (BX) closed the most recent trading day at $131.03, moving -0.26% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.2% for the day. Elsewhere, the Dow lost 0.6%, while the tech-heavy Nasdaq added 0.11%.The investment manager's shares have seen an increase of 2.56% over the last month, not keeping up with the Finance sector's gain of 4.2% and the S&P 500's gain of 3.32%.The upcoming earnings release of Blackstone Inc. will be of great interes ...
Why I Stopped Buying Real Estate - Part 2
Seeking Alpha· 2024-03-30 11:30
Phillip Spears/DigitalVision via Getty Images Last week, I explained why I stopped buying real estate to buy real estate investment trusts, or REITs, instead. I recommend that you read the whole article, but in short, REITs (VNQ) are today a lot cheaper than private real estate. They also give you the benefits of leverage with lower interest rates because they have locked their rates for years to come. So why would you pay a premium valuation and higher interest rates for a private property that's illiq ...
CIXXF or BX: Which Is the Better Value Stock Right Now?
Zacks Investment Research· 2024-03-18 16:46
Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either CI Financial Corp. (CIXXF) or Blackstone Inc. (BX) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank pu ...
Blackstone Inc. (BX) Declines More Than Market: Some Information for Investors
Zacks Investment Research· 2024-03-14 23:06
Blackstone Inc. (BX) closed at $124.80 in the latest trading session, marking a -1.03% move from the prior day. This change lagged the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.3%.Prior to today's trading, shares of the investment manager had lost 1.45% over the past month. This has lagged the Finance sector's gain of 6.15% and the S&P 500's gain of 4.42% in that time.The investment community will be paying close attention to the earnings performance of ...
Blackstone Inc. (BX) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-03-12 23:21
Blackstone Inc. (BX) closed the latest trading day at $123.68, indicating a -0.71% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.12%. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.54%.The the stock of investment manager has fallen by 4.24% in the past month, lagging the Finance sector's gain of 4.07% and the S&P 500's gain of 2.06%.The investment community will be closely monitoring the performance of Blackstone Inc. in its f ...
Aligned Data Centers and Blackstone Credit & Insurance Announce Financing Relationship
Businesswire· 2024-03-12 12:00
NEW YORK & DALLAS--(BUSINESS WIRE)--Blackstone Credit & Insurance (“BXCI”) and Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, today announced a new strategic partnership. Blackstone has provided an initial $600 million senior secured credit facility to support the development of Aligned’s newest and largest data center in West Jordan, Utah. The sen ...