Blackstone Inc. (BX)
| Market Cap | 158.29B |
| Revenue (ttm) | 8.44B |
| Net Income (ttm) | 1.80B |
| Shares Out | 1.21B |
| EPS (ttm) | 2.38 |
| PE Ratio | 55.01 |
| Forward PE | 26.54 |
| Dividend | $3.20 (2.44%) |
| Ex-Dividend Date | Oct 27, 2023 |
| Volume | 2,048,974 |
| Open | 132.87 |
| Previous Close | 133.13 |
| Day's Range | 130.28 - 133.24 |
| 52-Week Range | 73.07 - 133.53 |
| Beta | 1.49 |
| Analysts | Buy |
| Price Target | 110.58 (-15.54%) |
| Earnings Date | Jan 25, 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 2022, Blackstone's revenue was $8.52 billion, a decrease of -62.27% compared to the previous year's $22.58 billion. Earnings were $1.75 billion, a decrease of -70.16%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for BX stock is "Buy." The 12-month stock price forecast is $110.58, which is a decrease of -15.54% from the latest price.
News
‘Wanna -Bet?' Carson Block Offers Side-Bet on His Blackstone Mortgage Short
Renown short seller Carson Block, CEO of Muddy Waters Capital, clapped back at a critic of his short on REIT Blackstone Mortgage.
Report: Blackstone to Acquire 80% Stake in Sony Payment Services
Alternative asset manager Blackstone is reportedly set to acquire an 80% stake in Sony Payment Services, a payment service provider under Sony Group. The deal, valued at approximately $280 million, i...
Blackstone, Canada Pension Plan in $1.2 Billion Joint Venture With FDIC
Two units of Blackstone Real Estate Debt Strategies, Blackstone Real Estate Income Trust, Canada Pension Plan Investment Board and funds affiliated with Rialto Capital entered a newly formed joint ven...
Blackstone Real Estate Debt Strategies, Blackstone Real Estate Income Trust, CPP Investments and Rialto Capital Acquire a 20% Equity Stake in a Venture Holding Approximately $17 Billion Commercial Real Estate Loan Portfolio of Former Signature Bank
NEW YORK & MIAMI & WASHINGTON & TORONTO--(BUSINESS WIRE)--Blackstone Real Estate Debt Strategies (“BREDS”), Blackstone Real Estate Income Trust, Inc. (“BREIT”), Canada Pension Plan Investment Board (“...
Private-equity firms build up record $2.59 trillion in ‘dry powder,' or capital on the sidelines
Capital waiting to be deployed, or so-called dry powder, rose 8% to a record $2.59 trillion in the past year, S&P said Tuesday.
Digital Realty and Blackstone Announce $7 Billion Hyperscale Data Center Development Joint Venture
JV will deliver approximately 500 megawatts of IT capacity across three Tier 1 metros in Europe and North America AUSTIN, Texas and NEW YORK , Dec. 7, 2023 /PRNewswire/ -- Digital Realty (NYSE: DLR), ...
I'd avoid Blackstone Mortgage (BXMT) and buy these 2 REITs instead
I wrote about Blackstone Mortgage Trust (BMXT) in June and recommended buying the stock with a 16% upside. That outlook worked really well as the stock surged by over 31% and reached the year-to-date ...
Blackstone Acquires Power Grid Components, Inc., a Leading Supplier of Critical Components for the Electrical Grid
NEW YORK--(BUSINESS WIRE)--Today, Blackstone (NYSE: BX) announced that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. (“PGC”) from Shorehill...
Family-owned businesses could be an investing opportunity in 2024, says Blackstone's Joseph Baratta
Joseph Baratta, Blackstone global head of private equity, joins 'Closing Bell Overtime' to talk the state of dealmaking, top investing opportunities in the New Year and more.
Blackstone explores sale of Anthos Therapeutics -sources
Private equity firm Blackstone Inc is exploring the sale of Anthos Therapeutics, a developer of a new generation of blood thinners it launched four years ago with backing from Novartis AG , according ...
Blackstone Strategic Partners Closes Eighth Real Estate Secondaries Fund at $2.6 Billion
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced the final close on $2.6 billion for its latest real estate secondaries fund, Strategic Partners Real Estate VIII L.P., and its related committ...
Blackstone Pays $2.3 Billion for Pet Care Brand Rover
Pet care marketplace Rover is set to be acquired by private equity firm Blackstone for $2.3 billion. “We are thrilled for this next chapter in the Rover story and look forward to the partnership with ...
Blackstone paying $2.3 billion to acquire Rover
Blackstone will shell out $11 per share to acquire Rover and turn the pet care services platform back into a private company, according to a Wednesday press release.
Blackstone is buying Rover Group at a big premium
Rover Group Inc (NASDAQ: ROVR) jumped nearly 30% on Wednesday after Blackstone Inc (NYSE: BX) said it will buy the online marketplace for pet care services for about $2.30 billion. Rover has a thirty-...
Rover to be acquired by asset manager Blackstone in $2.3B deal
Seattle pet-sitting marketplace Rover announced Wednesday that it has agreed to be acquired by asset manager Blackstone in a deal worth approximately $2.
Rover's stock rockets after $2.3 billion cash buyout deal with Blackstone
Shares of Rover Group Inc. ROVR rocketed 27.1% in premarket trading, putting them on track for a record one-day gain, after the online pet-care marketplace announced an agreement to be acquired by Bla...
Blackstone's Schwarzman Sees Opportunities in European Real Estate
Blackstone CEO Steve Schwarzman, whose firm is one of the largest owners of commercial property, says higher rates have put European real estate under pressure. "If you have to carry a whole portfolio...
Blackstone-backed Prima seeks bids for minority stake in $1.1 bln deal–sources
Prima Assicurazioni, an insurance start-up backed by some of the world's largest private equity firms, is seeking indicative offers this week to bring in a new minority investor and raise fresh cash, ...
Blackstone confirms deal to buy Civica
Blackstone Inc. BX on Wednesday confirmed reports it's agreed to buy software company Civica from Partners Group Holding AG. The deal had been reported Tuesday by The Wall Street Journal for a price o...
EBay agrees to sell stake in Adevinta in Blackstone, Permira buyout deal
Adevinta's stock NO:ADE ADEVY was in the spotlight on Wednesday after Permira and Blackstone Inc. BX on Tuesday said they are offering to buy all of the outstanding ordinary Class A shares in the Norw...
Blackstone close to buying software company Civica for $2.5 billion: WSJ
Blackstone Inc. BX is closing in on an acquisition of software developer Civica for $2.5 billion, The Wall Street Journal reported Tuesday. The seller on the deal is Partners Group Holding AG, another...
Blackstone Nears $2.5 Billion Deal to Buy Software Developer Civica
The possible deal is one of at least two multibillion-dollar acquisitions the buyout giant could strike in Europe over the coming days.
Blackstone Black Friday (2023): Round-up of Early Griddle Offers Reported by Retail Fuse
BOSTON--(BUSINESS WIRE)--Black Friday sales researchers at Retail Fuse are rounding-up any early Black Friday 2023 offers on Blackstone electric, outdoor & tabletop griddles.
Permira and Blackstone Announce Voluntary Offer for All Outstanding Ordinary Class a Shares in Adevinta at Nok 115 Per Share
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Blackstone to close multi-strategy fund after assets drop nearly 90%
Blackstone plans to close a fund that exposes investors to a variety of hedge funds and trading strategies after assets fell almost 90% in four years, the company told Reuters on Tuesday.