In recent developments, Park Avenue Securities LLC, Douglas Lane & Associates LLC, and Ferguson Wellman Capital Management Inc. have reduced their positions in Blackstone Inc. (NYSE: BX). Tealwood Asset Management has also downsized its holdings while GAMMA Investing LLC has increased stock holdings in Blackstone. Meanwhile, HighPoint Advisor Group LLC and Leo Wealth LLC have made new investments in the company. Blackstone Life Sciences has announced a collaboration to support Moderna's Influenza Program.
Blackstone has also announced a joint venture with Digital Realty for a $7 billion Hyperscale Data Center Development and a minority growth investment in Salas O'Brien. On the earnings front, Blackstone's Q1 and Q4 earnings met estimates while Q3 outperformed. The company also laid out plans to borrow $1 billion backed by its own assets and to share equity ownership with more workers. There are also reports of Blackstone taking rental housing owner AIR Communities private in a $10 billion deal. Blackstone Credit and Retail Lines have ensured a narrow profit beat. In other news, Blackstone has integrated their leading Credit and Insurance Businesses to form Blackstone Credit and Insurance (BXCI).
Blackstone BX News Analytics from Wed, 13 Sep 2023 07:00:00 GMT to Sun, 23 Jun 2024 15:49:19 GMT - Rating 5 - Innovation 4 - Information 7 - Rumor 2
