Redburn Atlantic initiated coverage on Blackstone with a new price target
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Redburn Atlantic initiated coverage of Blackstone with a rating of Neutral and set a new price target of $134.00
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| 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 |
| 4/2/2024 | $140.00 → $135.00 | Buy → Neutral | UBS |
| 1/19/2024 | $116.00 → $124.00 | Buy → Neutral | Citigroup |
| 1/11/2024 | Outperform → Perform | Oppenheimer | |
| 1/4/2024 | $118.00 | Market Perform | TD Cowen |
| 1/3/2024 | $115.00 → $128.00 | Buy → Neutral | Goldman |
4 - Blackstone Inc. (0001393818) (Issuer)
4 - Blackstone Inc. (0001393818) (Issuer)
4 - Blackstone Inc. (0001393818) (Issuer)
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
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
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
SC 13G/A - Blackstone Inc. (0001393818) (Subject)
SC 13G - Blackstone Inc. (0001393818) (Subject)
SC 13G/A - Blackstone Inc. (0001393818) (Subject)
IRANNOTICE - Blackstone Inc. (0001393818) (Filer)
10-Q - Blackstone Inc. (0001393818) (Filer)
8-K - Blackstone Inc. (0001393818) (Filer)
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
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
4 - Blackstone Inc. (0001393818) (Issuer)
4 - Blackstone Inc. (0001393818) (Issuer)
4 - Blackstone Inc. (0001393818) (Issuer)