Blackstone Real Estate today announced that it has reached an agreement to sell Turtle Bay Resort for $725 million. Blackstone purchased the hotel in 2018 for $332 million and subsequently invested significant capital in renovations.
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| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 10/9/2024 | $149.00 | Overweight → Neutral | Piper Sandler | |
| 9/12/2024 | $163.00 | Overweight | Wells Fargo | |
| 8/27/2024 | $134.00 | Neutral | Redburn Atlantic | |
| 7/19/2024 | $23.00 | Buy | BTIG Research | |
| 6/25/2024 | Peer Perform | Wolfe Research | ||
| 4/2/2024 | $140.00 → $135.00 | Buy → Neutral | UBS | |
| 3/4/2024 | $22.00 → $21.00 | Buy → Neutral | BofA Securities | |
| 1/19/2024 | $116.00 → $124.00 | Buy → Neutral | Citigroup |
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
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4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)
4 - Blackstone Inc. (0001393818) (Issuer)
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
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 Mortgage Trust, Inc. (NYSE:BXMT) today announced strong quarter-to-date progress on repayments and non-performing loan resolutions: $1.0 billion of total repayments1 collected quarter-to-date $0.4 billion of non-performing loan resolutions2 completed quarter to date, bringing total year-to-date resolutions to $0.9 billion $1.0 billion of additional non-performing loan resolutions in closing3 Loan resolutions closed or in closing represent over 60% of total non-performing loans as of September 30, 2024, and are at or above carrying values, in aggregate Katie Keenan, Chief Executive Officer, said, "The ongoing recovery and resurgence in capital markets activity conti
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
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Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today announced strong quarter-to-date progress on repayments and non-performing loan resolutions: $1.0 billion of total repayments1 collected quarter-to-date $0.4 billion of non-performing loan resolutions2 completed quarter to date, bringing total year-to-date resolutions to $0.9 billion $1.0 billion of additional non-performing loan resolutions in closing3 Loan resolutions closed or in closing represent over 60% of total non-performing loans as of September 30, 2024, and are at or above carrying values, in aggregate Katie Keenan, Chief Executive Officer, said, "The ongoing recovery and resurgence in capital markets activity conti
Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its third quarter 2024 results. The net loss attributable to Blackstone Mortgage Trust for the quarter was $56 million. Third quarter EPS, Distributable EPS, Distributable EPS prior to charge-offs, and dividends paid per basic share were ($0.32), $0.39, $0.49, and $0.47, respectively. Katie Keenan, Chief Executive Officer, said, "The emerging real estate market recovery is driving strong momentum in BXMT's business, with repayments, resolutions, and redeployment all accelerating. With $1.5 billion of liquidity and an expanding global pipeline, we are well positioned to capitalize on today's attractive investment environment." Blac
Blackstone Mortgage Trust, Inc. (NYSE:BXMT) (the "Company") today announced that it will publish its third quarter 2024 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, October 23, 2024. The Company will also host a conference call the same day at 9:00 a.m. ET to review results. To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1690501&tp_key=c125cd17c6 For those unable to listen to the live broadcast, there will be a webcast replay on the Company's website at www.bxmt.com beginning approximately two hours after the event. About Blackstone Mortgage Trust Blackstone Mortgage Trust (NY
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