After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Rexford Industrial Acquires Blackstone Industrial Assets in Combined $1 Billion Investment.
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Stocks Info
The company is listed on the NYSE and operates within the Asset Management industry segment. The current market capitalization of Blackstone Inc is $158.79B. A total of 2.48 million shares were traded on the day, compared to an average of 3.79M shares.
In the most recent transaction, BX Buzz ML-1 GP LLC sold 2,509,316 shares of BX for 11.10 per share on Mar 03 ’24. After the transaction, the 10% Owner now owns 12,802 company shares. In a previous transaction on Feb 21 ’24, Brown Reginald J bought 2,400 shares at 125.62 per share. BX shares that Director owns now total 16,949.
Among the insiders who sold shares, Blackstone Inc. disposed of 24,276,100 shares on Feb 16 ’24 at a per-share price of $12.04. This resulted in the 10% Owner holding 107,324 shares of BX after the transaction. In another insider transaction, Porat Ruth bought 232 shares at $127.08 per share on Feb 12 ’24. Company shares held by the Director now total 34,225.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Blackstone Inc pays an annual dividend of $3.35, resulting in a dividend yield of 2.56%, and it has a price to earnings (P/E) ratio of 71.37. BX’s most recent ex-dividend date was 2/2/2024 when it declared a $0.94 quarterly dividend that was paid in cash on 2/12/2024. Previously, the company paid the dividend on 11/6/2023 with an ex-dividend date of 10/27/2023. The BX stock dividend was $0.80 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, BX has a high of $133.56 and a low of $77.94.
As of this writing, BX has an earnings estimate of $0.98 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.07 per share and a lower estimate of $0.86. The company reported an EPS of $0.94 in the last quarter, which was -6.90% lower than expectations of $1.01.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $5.60, while its Total Shareholder’s Equity was $21.71B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BX is Buy with a score of 3.83.
