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On Tuesday, JMP Securities analyst Devin Ryan maintained a Market Outperform rating on Blackstone Group (NYSE:BX) shares, with a price target of $165.00. Ryan highlighted the potential underestimation by the market of Blackstone’s recovery in the real estate sector and the company’s long-term earnings capability. According to InvestingPro data, Blackstone boasts a strong financial health score of "GOOD" and has maintained dividend payments for 19 consecutive years, currently offering a 4.4% yield.
Ryan expressed optimism regarding Blackstone’s real estate segment, anticipating healthy trends to continue throughout the year. Despite acknowledging that April’s market volatility, influenced by factors such as interest rate changes, might temporarily affect the results, Ryan emphasized the current cycle’s favorable position for increased exposure to real estate, particularly with a global industry leader like Blackstone. The company’s robust financial position is reflected in its impressive revenue growth of nearly 65% over the last twelve months and a healthy return on equity of 37%.
The analyst pointed out the significance of recent positive data for Blackstone’s real estate segment. This data, according to Ryan, supports the expectation of ongoing robust trends within the industry. The reiteration of the $165 price target reflects confidence in Blackstone’s performance and strategic positioning in the market. InvestingPro analysis indicates the stock is currently undervalued, with additional metrics and insights available in the comprehensive Pro Research Report.
Blackstone Group, recognized as a leading global investment firm, specializes in alternative asset management and financial advisory services. The firm’s focus on real estate investments is a key aspect of its diversified business model, which has garnered attention from investors and analysts alike.
JMP Securities’ reiterated rating and price target suggest a continued positive outlook for Blackstone shares in the face of market challenges. The firm’s strategic emphasis on real estate is expected to play a significant role in its trajectory, as indicated by the analyst’s comments.
In other recent news, Blackstone has agreed to acquire a 95% stake in a portfolio of industrial properties from Crow Holdings for $718 million. The transaction involves 25 Class A buildings totaling 6 million square feet in the Dallas and Houston areas and is expected to close in the second quarter of 2025. Additionally, Blackstone has set a new record by raising €9.8 billion ($10.8 billion) for its European real estate fund, marking the largest external capital pool ever for such a fund. This achievement comes amid a significant correction in the property market, as noted by Blackstone’s head of European real estate, James Seppala.
In another development, The Blackstone Group ’s stock rating was upgraded by Citizens JMP from Market Perform to Market Outperform, with a new price target of $165.00. Analyst Devin Ryan highlighted Blackstone’s substantial dry powder, amounting to $170 billion, as a key factor for the upgrade. Meanwhile, Sean Klimczak, Blackstone’s global head of infrastructure, indicated that the Asia-Pacific region is set for significant growth in the data center market, driven by expanding digital infrastructure.
Lastly, discussions are ongoing regarding the sale of TikTok’s U.S. assets by ByteDance, with Blackstone reportedly considering a minor investment in TikTok’s U.S. operations. President Trump has been in contact with several groups about a potential deal, though specific buyers have not been disclosed. These developments reflect Blackstone’s active engagement in diverse investment opportunities across various sectors.
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