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 |
4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)
4 - Blackstone Inc. (0001393818) (Issuer)
4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (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
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
IRANNOTICE - Blackstone Inc. (0001393818) (Filer)
10-Q - Blackstone Inc. (0001393818) (Filer)
8-K - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Filer)
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
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
4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)
4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)
4 - BLACKSTONE MORTGAGE TRUST, INC. (0001061630) (Issuer)
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
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
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
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