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2 REITs To Buy After The Rally
Seeking Alpha· 2024-10-10 12:25
sitox Real estate investment trusts, or REITs in short, have performed incredibly well over the past year. Interest rates are being cut, and it is bringing a lot of capital into the sector. They have surged by 40% on average ( ...
Blackstone Secured Lending Is My Go-To BDC To Sleep Well At Night
Seeking Alpha· 2024-10-08 07:08
Blackstone Secured Lending Fund (NYSE: BXSL ) is one of my go-to picks in the BDC sector. For those unacquainted with the BDC term (business development company), these entities provide financing solutions (usually debt, but also equity) to businesses struggling with acquiring bank or public financing. TheyWelcome to Cash Flow Venue, where dividends do the heavy lifting! Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I’ve built a rock-solid pillar in my ...
8 High Yields For A Big Dividend Snowball
Seeking Alpha· 2024-10-04 11:05
Building a dividend snowball is a great way to compound wealth over the long term. This is because your dividend snowball means that you own a portfolio of dividend-paying stocks that also grow their dividends consistently, year after year. What this means is If you want access to our Portfolios that have crushed the market since inception and all our current Top Picks, join us for a 2-week free trial at High Yield Investor. We are the fastest growing high yield-seeking investment service on Seeking Alpha w ...
Blackstone Expects Profits From Exiting Deals to be Muted in Q3
ZACKS· 2024-09-26 13:16
For the first time, Blackstone Inc. (BX) has provided an intra-quarter realization update related to the third quarter. The alternative asset manager expects profits from deal exits to be muted in the quarter.Per the firm’s preliminary estimate, revenues from realization activities were in excess of $300 million between July 1 and Sept. 24, 2024.The above-mentioned figure consists of 85% of realized performance revenues and 15% of realized principal investment income.The estimated figure is based on closed ...
Vista, Blackstone buying software maker Smartsheet for about $8.4 billion
TechXplore· 2024-09-24 16:50
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A sign for The Blackstone Group L.P. investment firm stands in front of their offices, Monday, Oct. 15, 2018, in New York. Credit: AP Photo/Mark Lennihan, File Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash. Vista and Blackstone said Tuesday ...
Blackstone and Vista Equity Partners to acquire software maker Smartsheet for $8.4 billion
CNBC· 2024-09-24 13:10
Collaboration software maker Smartsheet announced Tuesday Blackstone and Vista Equity Partners will acquire it in an all-cash deal valuing the company at about $8.4 billion.Stockholders will receive $56.50 per share, a 41% premium to Smartsheet's average closing price over the last three months.The company had been gauging interest from potential acquirers for several months. The company went public in 2018 and sought to go head-to-head with other software companies like Atlassian."As we look to the future, ...
Assessing Blackstone Mortgage's Performance For Q2 2024
Seeking Alpha· 2024-09-16 18:50
Core Insights - Blackstone Mortgage Trust, Inc. (BXMT) experienced a minor quarterly book value (BV) decrease, which was anticipated, with a net increase in CECL reserves of $143 million, leading to a BV underperformance of $0.10 per share [1] - The company originated $0.4 billion in loans during Q2 2024, while experiencing $0.7 billion in loan prepayments and repayments, indicating a defensive strategy [1] - BXMT's adjusted core earnings/EAD showed a minor outperformance of $0.02, primarily due to a smaller-than-expected decrease in the investment portfolio size [1][2] Earnings Results - BXMT reported a GAAP BV of $22.90, which was a 0.43% miss compared to projections [3] - Adjusted core earnings were reported at $0.564, beating the consensus estimate by 4.44% but showing a 13.1% decline from the prior quarter [3] Valuation Metrics - The current price of BXMT is $19.21, with a projected NAV of $22.50, indicating a price to NAV ratio of 0.85 [4] - The dividend yield payout ratio is forecasted at 12.91%, with a risk rating of 4.5 [4] Credit Metrics - BXMT's non-accrual loans increased from 10.7% to 13.2% of the fair market value of the investment portfolio from Q1 to Q2 2024, reflecting anticipated credit risk [6] - The company added three loans to non-accrual status during Q2 2024, with significant loans located in New York and California [6][9] Dividend Adjustments - BXMT announced a dividend cut for Q3 2024 from $0.65 to $0.47 per share, which was more severe than previously projected [10] - The company is currently rated as a HOLD, with expectations of a gradual recovery in stock price over the next couple of years [11]
Buy High-Quality Dividends Before It's Too Late - And 11 Picks Worth Considering
Seeking Alpha· 2024-09-14 11:30
Group 1 - The article discusses the interrelated issues of inflation, central bank rates, and dividends, emphasizing the concept of a "cash trap" that could influence investment strategies [2][3] - The Federal Reserve's rate hikes since 2022 have led to a significant increase in yields on short-term government bonds, making them more attractive compared to dividend stocks [5][9] - As of the first quarter of the year, assets under management in money market funds reached $6.5 trillion, a $3.5 trillion increase compared to pre-pandemic levels, indicating a shift in investor behavior towards lower-risk income alternatives [5][11] Group 2 - The anticipated start of the Fed's rate cut cycle could lead to a rotation back to dividend stocks as bonds become less attractive, with expectations of up to 240 basis points in cuts over the next 12 months [9][11] - Current economic conditions, including high stock prices and persistent inflation above the Fed's target, complicate the Fed's decision-making regarding rate cuts [14][15] - The article highlights the importance of selecting high-quality dividend stocks that offer inflation protection, as they are expected to outperform in the changing economic landscape [17][51] Group 3 - The article suggests that midstream companies, which own infrastructure used by oil producers, are attractive due to their low-risk income and growth potential [33] - High-yield dividend stocks, such as those in the tobacco industry, are also highlighted as having strong growth expectations despite recent market fluctuations [30] - Real estate investment trusts (REITs) and oil and gas producers are identified as sectors with promising dividend opportunities, with specific companies mentioned for their attractive yields [45][48]
Blackstone Reportedly Mulling Sale of $7B Visa Outsourcing Firm VFS
Investopedia· 2024-09-13 16:35
KEY TAKEAWAYSPrivate equity giant Blackstone is reportedly mulling options for VFS Global, including a sale of its majority stake in the visa outsourcing and technology services firm.A sale of the Dubai- and Zurich-headquartered unit could value VFS at around $7 billion, Bloomberg reported.Blackstone has reportedly held preliminary talks with advisors to evaluate a full or partial sale of VFS, which it bought into in 2022. Private equity giant Blackstone (BX) is reportedly mulling options for VFS Global, in ...
Blackstone Mortgage Trust Could Be In For More Trouble
Seeking Alpha· 2024-09-12 11:57
J Studios Today, we venture back into the world of the highest yielding real estate. Straying from our usual conversation of equity REITs, we occasionally peer over the fence to the debt side of the equation. This was the case for our prior coverage of the Blackstone Mortgage Trust (NYSE:BXMT), one of the largest diversified mortgage REITs on the planet, managed by the legendary asset manager Blackstone (BX). Our most recent coverage of BXMT came during a special time that we affectionately nicknamed March ...