Blackstone (NYSE:BX) announced today that Jon Gray, President and Chief Operating Officer, is scheduled to present at the Goldman Sachs 2024 US Financial Services Conference on Wednesday, December 11, 2024 at 12:20pm ET. A live webcast of the presentation will be available on the Shareholders section of Blackstone's website at http://ir.blackstone.com. For those unable to listen to the live webcast, a replay will be available on Blackstone's website shortly after the event. About Blackstone Blackstone is the world's largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our

Blackstone (NYSE:BX) and Retail Opportunity Investments Corp. (NASDAQ:ROIC) ("ROIC" or the "Company") today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. ROIC's portfolio consists of 93 high-quality, grocery-anchored retail properties totaling 10.5 million square feet concentrated in Los Angeles, Seattle, San Francisco and Portland. The purchase price represents a premium of 34% to ROIC's closing share price on July 29, 2024, the last trading day prior to news reports o

Chris James Appointed Global Head of Tac Opps, David Blitzer to Transition to Chairman Jas Khaira to be Head of Tac Opps Americas, Qasim Abbas to be Head of Tac Opps International Blackstone (NYSE:BX) announced today that Chris James – currently Chief Operating Officer (COO) and a founding member of Blackstone Tactical Opportunities ("Tac Opps"), with nearly two decades of experience at Blackstone – will become Global Head of Tac Opps. He will succeed David Blitzer, who will transition to chairman of the business at year end. Blackstone also today announced the elevation of two long-time senior Tac Opps partners to expanded leadership roles for the business. Jas Khaira will be Head of Ta

Blackstone today announced the final close of the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund ("BXD"). Blackstone has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles, including anticipated leverage, exceeding our $10 billion target. This brings Blackstone's global direct lending platform to over $123 billion in assets under management as of the third quarter. "This capital raise reflects our long-term strength in private credit, our global reach across corporates and sponsor-led transactions, and our ability to add value to the companies with which we partner," sai

Oravel Stays, the parent company of the global travel technology company OYO, today announced that it has agreed to acquire G6 Hospitality, the leading economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million, in an all-cash transaction. OYO has steadily expanded its footprint in the United States since its launch in the region in 2019 and currently operates over 320 hotels across 35 states. In 2023, OYO added nearly 100 hotels to its US portfolio and aims to add ~250 hotels in 2024. Motel 6's franchise network produces gross room revenues of $1.7 billion, which generates a strong fee base and cash flow for G6. OY

DALLAS, Sept. 10, 2024 /PRNewswire/ -- DECA Dental Group ("DECA"), a leading clinician-founded and clinician-led dental services organization backed by funds managed by affiliates of Blackstone Inc. (NYSE:BX, ", Blackstone", ))), today announced the nationwide launch of its joint venture ("JV") program under its Ideal Dental brand, designed to provide dentists with the opportunity to leverage the best-in-class DECA infrastructure to set up, own, operate and grow their dental practices. Under the direction of Founder & CEO Dr. Sulman Ahmed, DECA has been delivering on its missi

Blackstone (NYSE:BX) announced today that Michael Chae, Chief Financial Officer, is scheduled to present at the Barclays Global Financial Services Conference on Wednesday, September 11, 2024 at 11:15 am ET. A live webcast of the presentation will be available on the Shareholders section of Blackstone's website at http://ir.blackstone.com. For those unable to listen to the live webcast, a replay will be available on Blackstone's website shortly after the event. About Blackstone Blackstone is the world's largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1 t

Funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone's private equity strategy for individual investors, along with the Canada Pension Plan Investment Board ("CPP Investments"), have entered into a definitive agreement to acquire AirTrunk, the leading Asia Pacific data center platform, from Macquarie Asset Management and the Public Sector Pension Investment Board, for an implied enterprise value of over A$24 billion1. This represents Blackstone's largest investment in the Asia Pacific region. The transaction is subject to approval from the Australian Foreign Investment Review Board. AirTrunk is the largest

Frank Cohen to Retire at Year-End; Will Remain Chairman of BREIT Board Blackstone Real Estate Income Trust, Inc. ("BREIT") today announced that current Chief Operating Officer, Wesley LePatner, will become BREIT's Chief Executive Officer as of January 1, 2025. She will succeed Frank Cohen, who, after nearly thirty years, plans to retire from Blackstone at year-end. Mr. Cohen will remain Chairman of BREIT's Board of Directors. Kathleen McCarthy and Nadeem Meghji, Global Co-Heads of Blackstone Real Estate, said: "This announcement effectuates the next stage of BREIT's long-planned succession. We are incredibly fortunate to have a colleague of Wesley's caliber, who has been intimately invo

Growth investment made in partnership with Asian American Hotel Owners Association (AAHOA) M3, LLC ("M3"), voted the number-one hospitality accounting software in North America, today announced it has signed a definitive agreement for a majority investment from Blackstone Growth and affiliated funds (collectively "Blackstone"). The investment will help to accelerate the company's growth by enhancing new product expansion and supporting the adoption of M3's software, which enables hotel operators to run more efficiently and effectively. AAHOA, representing nearly 20,000 hotel owners and 60% of hotels across the United States, will make its first ever strategic investment alongside Blacksto

Piper Sandler downgraded Blackstone from Overweight to Neutral and set a new price target of $149.00

Wells Fargo initiated coverage of Blackstone with a rating of Overweight and set a new price target of $163.00

Redburn Atlantic initiated coverage of Blackstone with a rating of Neutral and set a new price target of $134.00

UBS downgraded Blackstone from Buy to Neutral and set a new price target of $135.00 from $140.00 previously

Citigroup downgraded Blackstone from Buy to Neutral and set a new price target of $124.00 from $116.00 previously

Oppenheimer downgraded Blackstone from Outperform to Perform

TD Cowen initiated coverage of Blackstone with a rating of Market Perform and set a new price target of $118.00

Goldman downgraded Blackstone from Buy to Neutral and set a new price target of $128.00 from $115.00 previously

Piper Sandler resumed coverage of Blackstone with a rating of Overweight and set a new price target of $150.00

BMO Capital Markets resumed coverage of Blackstone with a rating of Market Perform and set a new price target of $95.00

Growth investment made in partnership with Asian American Hotel Owners Association (AAHOA) M3, LLC ("M3"), voted the number-one hospitality accounting software in North America, today announced it has signed a definitive agreement for a majority investment from Blackstone Growth and affiliated funds (collectively "Blackstone"). The investment will help to accelerate the company's growth by enhancing new product expansion and supporting the adoption of M3's software, which enables hotel operators to run more efficiently and effectively. AAHOA, representing nearly 20,000 hotel owners and 60% of hotels across the United States, will make its first ever strategic investment alongside Blacksto

Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone ("Blackstone") have completed the acquisition of Tropical Smoothie Cafe, a leading franchisor of fast casual restaurants, from Levine Leichtman Capital Partners. This marks the first transaction in Blackstone's most recent vintage of its flagship private equity vehicle. "Tropical Smoothie Cafe is a nationally recognized brand with an impressive growth trajectory underpinned by a base of loyal franchisees and guests," said Peter Wallace, a Senior Managing Director, and Michael Staub, a Managing Director, in Blackstone's Private Equity business. "With Blackstone's capital and resources, we look forward to a

Matthew Bromberg Appointed Chief Executive Officer and President Interim Chief Executive Officer Jim Whitehurst Named Executive Chair of the Unity Board Company to Release First Quarter 2024 Financial Results on May 9, 2024 Unity (NYSE:U) (the "Company"), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, today announced that Matthew Bromberg has been appointed Chief Executive Officer, President, and a member of the Unity Board of Directors, effective May 15, 2024. Interim Chief Executive Officer Jim Whitehurst has been appointed Executive Chair of the Unity Board while Roelof Botha will transition fro

Plans to Invest More Than $400 Million to Maintain and Improve Existing Portfolio, Illustrating Commitment to Delivering a Leading Resident Experience Blackstone (NYSE:BX) and Apartment Income REIT Corp. (NYSE:AIRC) ("AIR Communities" or the "Company") today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X ("Blackstone") will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. The purchase price represents a premium of 25% to AIR Communities' closing share price on the NYSE on April 5, 2024, the last trading

LOS ANGELES and NEW YORK, March 28, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. ("Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, and Blackstone (NYSE:BX), today announced Rexford Industrial acquired approximately 3 million square feet of industrial properties pursuant to separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy as well as Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1.0 billion.

Blackstone Remains Committed to Tricon's Extensive Housing Development Platform, Including its Pipeline of $1 Billion of New Single-Family Homes in the U.S. and $2.5 Billion of New Apartments in Canada Plans to Improve Quality of Existing U.S. Single-Family Homes through an Additional $1 Billion of Capital Projects   All financial and share price-related information is presented in U.S. dollars unless otherwise indicated. Blackstone (NYSE:BX) and Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") today announced that they have entered into an arrangement agreement (the "Arrangement Agreement") under which Blackstone Real Estate Partners X together with Blackstone

Today, Blackstone (NYSE:BX) announced that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. ("PGC") from Shorehill Capital LLC. PGC is a leading domestic designer and manufacturer of a wide range of critical components for protection, monitoring, and safety applications in electrical substations, an essential segment of the electrical grid responsible for managing and monitoring power flows and converting electricity into different voltages. As a supplier of critical components to the grid and partner to many of the nation's largest electrical utilities, PGC advances the global energy transition by improving the reliability, capaci

Gilles Dellaert Named Global Head of BXCI, Dwight Scott Named Chairman Blackstone (NYSE:BX) announced today the integration of its market-leading corporate credit, asset-based finance, and insurance groups into a single new unit, Blackstone Credit & Insurance (BXCI). Credit and Insurance is Blackstone's fastest-growing segment – more than doubling to $295 billion in assets under management over the last three years. Today, Blackstone's market-leading businesses include: the largest BDC (BCRED), largest private credit energy transition fund (BGREEN), largest manager of CLOs and senior loans in the world, and the second-largest alternative manager of insurance assets. The new structure wi

NEW YORK and SAN DIEGO, Aug. 25, 2023 /PRNewswire/ -- Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, and Blackstone Real Estate Income Trust, Inc. ("BREIT") jointly announced today that Realty Income has signed a definitive agreement to invest approximately $950 million to acquire common and preferred equity interests from BREIT in a new joint venture that owns a 95% interest in the real estate assets of The Bellagio Las Vegas. Upon closing, Realty Income will invest approximately $300 million of common equity in the joint venture, subject to certain adjustments, to acquire a 21.9% indirect interest in the property, BREIT will retain a 73.1% indirect inter

Public Storage (NYSE:PSA) (the "Company") and Blackstone Real Estate Income Trust, Inc. ("BREIT") announced today an agreement for Public Storage to acquire Simply Self Storage ("Simply") from BREIT for $2.2 billion. The portfolio comprises 127 wholly-owned properties and 9 million net rentable square feet that are geographically diversified across 18 states and located in markets with population growth that has been approximately double the national average since 2018. Approximately 65% of the properties are located in high-growth Sunbelt markets. During BREIT's ownership period, Blackstone made investments into the Simply platform that enabled the company to enhance the quality of the p

Blackstone's (NYSE:BX) short percent of float has fallen 10.99% since its last report. The company recently reported that it has 17.49 million shares sold short, which is 2.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.25 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is

Blackstone (NYSE:BX) has outperformed the market over the past 10 years by 4.61% on an annualized basis producing an average annual return of 15.27%. Currently, Blackstone has a market capitalization of $106.76 billion. Buying $100 In BX: If an investor had bought $100 of BX stock 10 years ago, it would be worth $412.50 today based on a price of $138.97 for BX at the time of writing. Blackstone's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and review

In the last three months, 7 analysts have published ratings on Blackstone (NYSE:BX), offering a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 3 0 0 Last 30D 0 1 0 0 0 1M Ago 1 2 3 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $139.86, a high estimate of $164.00, and a low estimate of

Morgan Stanley analyst Michael Cyprys maintains Blackstone (NYSE:BX) with a Overweight and raises the price target from $144 to $164.

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TFC CALL TRADE BULLISH 08/16/24 $45.00 $636.3K 895 10.1K UPST CALL TRADE BULLISH 12/20

Barclays analyst Benjamin Budish maintains Blackstone (NYSE:BX) with a Equal-Weight and raises the price target from $126 to $141.

Blackstone Inc (NYSE:BX) reported an increase in earnings for its second quarter fiscal year 2024 on Thursday. The company posted adjusted revenues of $2.796 billion, beating the consensus of $2.619 billion. Distributable earnings per share of 96 cents (+3% Y/Y), missing the consensus of 98 cents, according to data from Benzinga Pro. Asset under management rose 7% Y/Y to $1.076 trillion, with inflows of $39.4 billion in the quarter. Blackstone declared a quarterly dividend per share of $0.82, payable on August 5, 2024, to shareholders of record as of July 29, 2024. Blackstone shares rose on Friday following a report suggesting the company is considering a sale of its minority sta

B of A Securities analyst Craig Siegenthaler maintains Blackstone (NYSE:BX) with a Buy and raises the price target from $130 to $145.

TD Cowen analyst Bill Katz maintains Blackstone (NYSE:BX) with a Hold and raises the price target from $114 to $120.

Chris James Appointed Global Head of Tac Opps, David Blitzer to Transition to Chairman Jas Khaira to be Head of Tac Opps Americas, Qasim Abbas to be Head of Tac Opps International Blackstone (NYSE:BX) announced today that Chris James – currently Chief Operating Officer (COO) and a founding member of Blackstone Tactical Opportunities ("Tac Opps"), with nearly two decades of experience at Blackstone – will become Global Head of Tac Opps. He will succeed David Blitzer, who will transition to chairman of the business at year end. Blackstone also today announced the elevation of two long-time senior Tac Opps partners to expanded leadership roles for the business. Jas Khaira will be Head of Ta

DALLAS, Sept. 10, 2024 /PRNewswire/ -- DECA Dental Group ("DECA"), a leading clinician-founded and clinician-led dental services organization backed by funds managed by affiliates of Blackstone Inc. (NYSE:BX, ", Blackstone", ))), today announced the nationwide launch of its joint venture ("JV") program under its Ideal Dental brand, designed to provide dentists with the opportunity to leverage the best-in-class DECA infrastructure to set up, own, operate and grow their dental practices. Under the direction of Founder & CEO Dr. Sulman Ahmed, DECA has been delivering on its missi

Frank Cohen to Retire at Year-End; Will Remain Chairman of BREIT Board Blackstone Real Estate Income Trust, Inc. ("BREIT") today announced that current Chief Operating Officer, Wesley LePatner, will become BREIT's Chief Executive Officer as of January 1, 2025. She will succeed Frank Cohen, who, after nearly thirty years, plans to retire from Blackstone at year-end. Mr. Cohen will remain Chairman of BREIT's Board of Directors. Kathleen McCarthy and Nadeem Meghji, Global Co-Heads of Blackstone Real Estate, said: "This announcement effectuates the next stage of BREIT's long-planned succession. We are incredibly fortunate to have a colleague of Wesley's caliber, who has been intimately invo

Blackstone (NYSE:BX) announced today that Tyler Dickson, formerly Global Head of Investment Banking and Vice Chair of Banking & International at Citi, will join Blackstone Credit & Insurance ("BXCI") in a newly created role leading client relations for the group. Dickson will oversee BXCI's Institutional Client Solutions team, serving our investors globally, and more broadly partner on BXCI's origination efforts with borrowers around the world. Gilles Dellaert, Global Head of BXCI, said: "Tyler has incredible insights, experience and relationships from his three decades in the industry. He will be an important part of our mission to serve clients and borrowers seamlessly across the full

NEW YORK, June 20, 2024 /PRNewswire/ -- Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading on Friday, June 28. Blackstone Inc. (NYSE:BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name       Action Company Name Ticker GICS Sector June 28, 2024 S&P MidCap 400 Addition Ryan Specialty Holdings RYAN Financials June 28, 2024 S&P MidCap 400 Deletion Apartment Income REIT AIRC Real Estate For mor

Gallatin, Tennessee, June 04, 2024 (GLOBE NEWSWIRE) -- Servpro Industries, LLC, ("SERVPRO") a leading property restoration and construction franchise company, is pleased to announce the addition of Rob Rajkowski as the company's new chief marketing officer (CMO). Rajkowski brings a wealth of experience and a proven track record of success to the position. "We are thrilled to welcome Rob to SERVPRO. His addition will greatly benefit our senior leadership team," SERVPRO CEO Brett Ponton said. "Rob's unique background across disciplines — marketing, brand strategy and operations — will allow him to provide valuable guidance for our franchisees and their teams across North America." "His a

Blackstone (NYSE:BX) today announced the appointment of Philip Sherrill as Global Head of Insurance. In his new role, Mr. Sherrill will focus on growing the firm's insurance platform globally, working closely with Gilles Dellaert, Global Head of Blackstone Credit & Insurance. Blackstone's insurance platform has tripled in size since 2020, recently surpassing $200 billion in assets under management. The platform leverages the firm's scale and breadth to serve Blackstone's insurance clients, to drive stronger long-term performance, and, ultimately to meet the needs of more policyholders. Gilles Dellaert, Global Head of Blackstone Credit & Insurance, said: "We are very pleased to welcome P

Blackstone (NYSE:BX) today announced the appointment of Dan Leiter as Head of International for Blackstone Credit and Insurance (BXCI). In this role, reporting to Gilles Dellaert, Global Head of BXCI, Mr. Leiter will lead the activity and expansion of BXCI in EMEA and APAC. Additionally, Michael Carruthers is appointed as European Head of Private Credit, reporting to Mr. Leiter. Blackstone is one of the world's leading credit investors with nearly $420 billion in assets under management across corporate and real estate credit. The investments of BXCI span the credit markets, including direct lending, opportunistic, CLOs, high yield, infrastructure and asset-based credit. BXCI is also a le

Sequino Brings Proven Track Record of Building Next Gen and Luxury Beauty Brands Supergoop!, the first skincare brand that puts SPF at the forefront, today announced the appointment of Lisa Sequino as Chief Executive Officer. Ms. Sequino most recently served as CEO of JLo Beauty following nearly two decades of experience driving growth in the beauty and personal care industry at Estee Lauder and Procter & Gamble. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240226925081/en/Supergoop! appoints new CEO, Lisa Sequino (left), pictured with Founder Holly Thaggard (right). (Photo: Business Wire) "Lisa brings such super experience

Blackstone (NYSE:BX) announced today that Thomas R. Nides, former long-time Vice Chairman of Morgan Stanley, Deputy Secretary of State, and Ambassador to Israel has joined the firm as Vice Chairman, Strategy and Client Relations. In this new role, Mr. Nides will support a variety of strategic firmwide initiatives and special projects, as well as focus on senior client relationships globally. Stephen A. Schwarzman, Co-Founder, Chairman and CEO said: "We are delighted to welcome Tom Nides to Blackstone. Tom has operated at the highest levels of both the public and private sectors and brings a wealth of relationships across the financial, government and geographic spectrum. We are still in t