Blackstone: Buy Rating, Despite Trading At 69 Times Trailing P/E Ratio [Seeking Alpha]
Blackstone Long Short Credit Income Fund Common Shares (BGX)
US:NYSE Investor Relations:
blackstone.com/the-firm/asset-management/registered-funds
Company Research
Source: Seeking Alpha
space, which have prevented managers from realizing investments and gaining performance fees. The AUM has continued to rise despite the challenging times for alternatives. Although trailing multiples indicate that the company is overvalued, it is considered fairly valued on a forward basis. With the macroeconomic conditions improving due to rate cuts, Blackstone has the opportunity to realize private investments at higher valuations, thereby gaining higher performance fees. This justifies a buy rating. Blackstone (NYSE: NYSE: BX ) is the biggest alternative investments asset manager in the world. It has a market cap of around $150 billion, annual revenues of $7.7 billion, earnings of $1.3 billion, and total assets of $40 billion as of December 2023. The company offers fund solutions within a wide range of alternative investments. This includes real estate, private capital, and hedge funds solutions. The type of clients they serve encompass within institutional investors with lon
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Sec Filings
- 3/15/24 - Form N-CEN
- 3/7/24 - Form IRANNOTICE
- 3/7/24 - Form N-CSR
- BGX's page on the SEC website