Trump's Ban On Institutional Homebuyers And Its Looming Impact On Blackstone: Here's What Investors Should Expect Ahead Of Q4 - Blackstone (NYSE:BX)

Core Viewpoint - President Trump's proposal to limit institutional purchases of single-family homes has negatively impacted the real estate sector and companies like Blackstone Inc. [1] Group 1: Blackstone's Exposure - Blackstone's shares experienced a decline following Trump's announcement regarding the executive order on institutional home purchases [2] - Institutional ownership in the single-family housing market is minimal, at 0.5%, with Blackstone's exposure being only 0.06% [3] - Blackstone's activities in the housing sector are mainly through its Tricon Residential platform, which is exempt from the executive order [3] Group 2: Financial Performance and Analyst Sentiment - Real estate contributed only 12.7% to Blackstone's revenue in fiscal year 2024, with housing representing an even smaller portion [4] - The company has faced negative analyst revisions, with firms like TD Cowen, UBS, and Barclays lowering their price targets [5] - Blackstone's stock closed at $146.79, down 1.09% on Wednesday, and has shown poor momentum in stock rankings [5]