What's Going On With Blackstone Stock Tuesday?
Portfolio Pulse from Lekha Gupta
Blackstone Inc. (NYSE:BX) and Regis Group plc's Sage Homes sold over 3,000 shared-ownership homes to Universities Superannuation Scheme Limited for £405 million ($519 million). This marks the largest shared ownership portfolio acquisition since 1990. Additionally, Blackstone is exploring options for Clarion Events, potentially valuing it at up to $2.6 billion. Investors can gain exposure to BX stock via EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO) and Invesco Global Listed Private Equity ETF (NYSE:PSP). BX shares are up 2.37% at $132.35.
August 13, 2024 | 5:02 pm
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POSITIVE IMPACT
Blackstone's Sage Homes sold over 3,000 shared-ownership homes for $519 million, marking a significant transaction. Additionally, Blackstone is exploring a sale of Clarion Events, potentially valuing it at $2.6 billion. BX shares are up 2.37%.
The sale of a large portfolio of shared-ownership homes and the potential sale of Clarion Events are positive developments for Blackstone, indicating strong asset management and potential future gains.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Blackstone's stock via EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO).
Positive developments for Blackstone could benefit ETFs that include BX, such as LBO, making it an attractive option for investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Blackstone's stock via Invesco Global Listed Private Equity ETF (NYSE:PSP).
Positive developments for Blackstone could benefit ETFs that include BX, such as PSP, making it an attractive option for investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50