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HYBL: Rare High-Yield Fund From Blackstone, 8% Yield
Seeking Alpha· 2024-03-07 03:23
Barcin/E+ via Getty Images Thesis There is always some confusion in the marketplace between BlackRock and Blackstone, so let us set the historical background here: Founded in 1985, both companies fell under an umbrella company called Blackstone Financial Management, a mergers and acquisitions company. In 1988, BlackRock separated from the parent company and focused on risk management. Today, they're now completely separate companies with different offerings. While BlackRock focuses on ETFs and tradition ...
Blackstone Inc. (BX) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research· 2024-03-07 00:01
Blackstone Inc. (BX) closed at $123.30 in the latest trading session, marking a -1.22% move from the prior day. This change lagged the S&P 500's daily gain of 0.51%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.58%.The the stock of investment manager has risen by 1.02% in the past month, lagging the Finance sector's gain of 4.57% and the S&P 500's gain of 2.94%.The upcoming earnings release of Blackstone Inc. will be of great interest to investors. T ...
Blackstone Secured Lending: 10% Yield, 125% Dividend Coverage Make It A Buy
Seeking Alpha· 2024-03-04 16:30
benjaminalbiach There are many investors who try to beat the market, and while there is nothing wrong with that goal, it’s important to keep in mind that investing is a marathon and not a sprint. That means sticking with one’s own investment goals rather than constantly monitoring one’s portfolio performance compared to the market index at all times, which can lead to unconstructive emotions such as FOMO, YOLO, and everything in between. At the same time, investors don’t have to chase market trends, and ...
Why 10.5%-Yielding Blackstone Secured Lending Has The Best BDC Dividend
Seeking Alpha· 2024-03-03 21:00
JamesBreyAs my regular readers probably know, I am not bullish on the BDC (BIZD) sector right now. I recently sounded caution on sector blue chips Ares Capital Corp (ARCC) and Main Street Capital (MAIN) while also pointing out the challenges being faced by FS KKR (FSK) as well as the sector as a whole. As a result, I have been selling my previously substantial holdings in the sector fairly aggressively recently, including my position in Blackstone Secured Lending (NYSE:BXSL) after enjoying very strong r ...
Blackstone Secured Lending: Top Credit Quality And A 10% Yield Make This BDC A Buy
Seeking Alpha· 2024-03-03 09:02
Pixelimage Blackstone Secured Lending (NYSE:BXSL) out-earned its dividend with net investment income in the fourth quarter which in turn led to the BDC reporting a 1% QoQ increase in its net asset value per share. The BDC’s large floating-rate debt portfolio is still producing top results for Blackstone Secured Lending and BXSL is a rare BDC that I am willing to pay a premium for. New investment commitments roared higher in 4Q-23 and the BDC has very good credit quality, particularly when compared to th ...
BGB: Active Leveraged Loan CEF From Blackstone, 9.6% Yield
Seeking Alpha· 2024-03-01 22:07
champpixs Thesis The Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) is a fixed income closed‐end term fund that we first covered more than two years ago. Given the narrowing of discounts for many fixed income CEFs, we are revisiting this name given its appealing valuation and trading style. We feel BGB's valuation has been held back by its active trading strategy and its set terms. The CEF is set to dissolve on or about September 15, 2027, absent shareholder approval to extend such term. With the fun ...
CIXXF vs. BX: Which Stock Is the Better Value Option?
Zacks Investment Research· 2024-03-01 17:41
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 presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies wit ...
Blackstone Inc. (BX) Laps the Stock Market: Here's Why
Zacks Investment Research· 2024-03-01 00:01
The latest trading session saw Blackstone Inc. (BX) ending at $127.82, denoting a +1.19% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.52% for the day. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq increased by 0.9%.Shares of the investment manager witnessed a gain of 1.5% over the previous month, trailing the performance of the Finance sector with its gain of 2.95% and the S&P 500's gain of 3.85%.The upcoming ea ...
Blackstone Mortgage: Too Much Uncertainty
Seeking Alpha· 2024-02-28 12:46
izusek Dear readers, Mortgage REITs (mREITs) are lenders that lend money to real estate projects in exchange for interest on the loan. The loans are secured by real estate, which makes the business model sound safe, but the spread that most mREITs earn above their cost of capital is quite tight, which makes their earnings volatile. Moreover, mREITs are often heavily leveraged, think 3-4x leverage. It is a sector which is known for its high dividends, which appeal to many income investors. Unfortunately, ...
Blackstone Mortgage: 13% Yield, 123% Dividend Coverage Make It A Buy
Seeking Alpha· 2024-02-27 13:10
gawrav Commercial mortgage REITs have taken a beating over the past 12 months, and this includes fears around the regional banking meltdown last year and what that meant for the overall commercial real estate market. As with any broad economic events, it’s a good idea to wait for the dust to settle and let price discovery take place as the market weighs both macro and company-specific risks. This brings me to Blackstone Mortgage Trust (NYSE:BXMT), which I last covered with a ‘Buy’ rating in August of la ...