BX Stock Recent News

Accelerated dealmaking and capital deployment at Blackstone should provide a material boost to fee-related earnings in the coming quarters. We see the potential for EPS growth to drive decent share price appreciation without expanding valuation multiples. With the U.S. economy entering into a new monetary easing cycle, we expect pent-up demand for alternative assets, including real estate and private equity deals, to help lift valuations.

Blackstone (BX) is well-positioned to grow on increasing AUM and solid diversification, backed by a strong global footprint. Yet, high costs and macroeconomic shifts causing fund outflows are woes.

Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Sachem Capital Corp. (SACH) and Blackstone Inc. (BX). But which of these two companies is the best option for those looking for undervalued stocks?

Blackstone Secured Lending covered its second quarter dividend easily with net investment income, maintaining high credit quality in its portfolio. The BDC has a non-accrual ratio of 0.3% and a 10% premium to net asset value, justified by dividend coverage and credit quality. Despite potential headwinds from interest rate cuts, Blackstone Secured Lending remains a solid choice for passive income investors at a premium valuation.

ST. LOUIS and NEW YORK , Aug. 13, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) announced today that it has completed the sale of its remaining interest in the Copeland joint venture, the 40% common equity ownership stake, to private equity funds managed by Blackstone ("Blackstone"). As a standalone company focused on serving the global HVAC and refrigeration market, Copeland's product portfolio includes market-leading compressors, controls, thermostats, valves, software and monitoring solutions for residential, commercial and industrial customers.

Blackstone Group is exploring options for Clarion Events, including a sale, that could value the business at up to 2 billion pounds ($2.6 billion), three people familiar with the matter told Reuters, as appetite for event organisers continues to recover after the pandemic.

Blackstone Secured Lending's stock price has dropped below $30, offering a good entry point for investors. Despite a slight decrease in net investment income, the BDC saw a record quarter in originations and investment commitments with $1.3 billion. With strong dividend coverage, a solid balance sheet, and an attractive valuation, Blackstone Secured Lending is upgraded to a buy rating.

John Bogle was an early proponent of index investing, but the S&P 500's low yield may not meet income investors' needs. Blackstone Secured Lending offers a 10% yield, 116% dividend coverage, and a well-diversified portfolio of safer first lien debt. BXSL demonstrates solid fundamentals, benefits from the high-interest rate environment, and maintains a strong balance sheet, making it a great option for income investors.

Blackstone Secured Lending is one of the highest quality BDCs out there. Theoretically, one might argue that the dividend coverage of 113% is too small and the fact that it trades at a premium renders BXSL unattractive. However, if we dissect the fundamentals, we will quickly understand that a premium is justified and the underlying dividend is very safe.

Shares of Equity Residential (EQR) fell Wednesday after the real estate investment trust (REIT) announced it had agreed to purchase 11 apartment properties from Blackstone's (BX) real estate unit in separate deals valued at approximately $964 million.