The Blackstone Group (BX) PT Lowered to $146 at Piper Sandler, 'could be nearing an inflection point'

Blackstone (BX) Said To Near Buyout Of Skin-care Company L'occitane - Bloomberg

April 8, 2024 9:58 PM EDT

Blackstone Said To Near Buyout Of Skin-care Company L'occitane - Bloomberg

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The Blackstone Group (BX) PT Raised to $117 at TD Cowen

April 8, 2024 10:42 AM EDT

TD Cowen analyst Bill Katz raised the price target on The Blackstone Group (NYSE: BX) to $117.00 (from $112.00) while maintaining a Hold rating.

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Blackstone (BX) to Take AIR Communities (AIRC) Private for Approximately $10 Billion, $39.12 per Share

April 8, 2024 8:32 AM EDT

Blackstone (NYSE: BX) and Apartment Income REIT Corp. (NYSE: AIRC) (AIR Communities or the Company) today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X (Blackstone) will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt.

The purchase price represents a premium of 25% to AIR Communities closing share price on the NYSE on April 5, 2024, the last trading day prior to the announcement of the transaction,... More

Blackstone to take Apartment Income REIT private in $10 billion deal

April 8, 2024 8:24 AM EDT

(Reuters) -Asset manager Blackstone said on Monday it would take private rental housing firm Apartment Income REIT, known as AIR Communities, for $10 billion in cash, including debt, in what analysts see as a bet on easing pressure within the commercial real estate market.

Under the deal, Blackstone will pay $39.12 for each share of the real estate investment trust, representing a premium of about 25% to its closing price on Friday. Shares of the REIT jumped about 23%.

Elevated interest rates have put pressure on landlords with loans on rental housing and other commercial real estate... More

Blackstone To Acquire Apartment Income REIT Corp. (AIRC) In All-cash Deal - WSJ

April 8, 2024 8:03 AM EDT

Blackstone To Acquire Apartment Income REIT Corp. (NYSE: AIRC) In All-cash Deal - WSJ

Blackstone To Acquire Air Communities At $39.12/Share... More

The Blackstone Group (BX) PT Raised to $129 at Barclays

April 8, 2024 3:41 AM EDT

Barclays analyst Benjamin Budish raised the price target on The Blackstone Group (NYSE: BX) to $129.00 (from $126.00) while maintaining a Equalweight rating.... More