Blackstone Inc Stock Price, News & Analysis

Blackstone Mortgage Trust (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock for Q3 2021, payable on October 15, 2021, to shareholders on record by September 30, 2021. The company focuses on originating senior loans collateralized by commercial real estate in North America, Europe, and Australia, aiming to preserve shareholder capital while generating attractive returns from its loan portfolio. Blackstone manages BXMT, holding $684 billion in assets under management.

Blackstone Mortgage Trust (NYSE:BXMT) has successfully closed an underwritten public offering of 10,000,000 shares of its class A common stock, generating net proceeds of approximately $312 million after expenses. The proceeds will be allocated for working capital and to support the origination of commercial mortgage loans. Additionally, underwriters have a 30-day option to purchase up to 1,500,000 extra shares, enhancing capital flexibility and growth potential.

Blackstone Mortgage Trust (NYSE:BXMT) has announced a public offering of 10 million shares of its class A common stock, with an additional option for underwriters to purchase 1.5 million more shares. The offering aims to raise approximately $315 million, potentially $362 million if the option is fully exercised. The funds will support the origination of commercial mortgage loans and general corporate purposes. The closing date is set for September 14, 2021, pending customary conditions.

Blackstone Mortgage Trust (NYSE:BXMT) announced a public offering of 10 million shares of its Class A common stock, with an option for underwriters to purchase an additional 1.5 million shares within 30 days. The net proceeds will support working capital and the origination of more commercial mortgage loans. Major underwriters include Morgan Stanley, BofA Securities, and Citigroup. This offering is part of the Company’s effective shelf registration statement filed with the SEC.

Dynamo Software announced a strategic investment agreement with Blackstone Growth and further reinvestment from existing investor Francisco Partners. This investment aims to support Dynamo's expansion into new global markets and enhance product development for the alternative investment management sector, where it serves over 1,000 clients. The transaction is expected to close in Q4, subject to regulatory approvals. Financial terms were not disclosed.

Blackstone (NYSE: BX) announced the appointment of three senior leaders in its $163 billion credit business, Blackstone Credit. Carlos Whitaker, previously from Credit Suisse, will serve as President of both Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL). Kate Rubenstein is appointed COO of BCRED and BXSL, transitioning from the Portfolio Operations Group. Chris Sullivan joins as Head of Sponsor Coverage from Barclays. The appointments aim to enhance sourcing investment opportunities and support portfolio companies amid growing demand for private credit products.

The Chamberlain Group, a leader in smart access solutions, is being sold to private equity funds managed by Blackstone for approximately $5 billion. Upon closing, Chamberlain will remain privately held, with The Duchossois Group retaining ownership and two board seats. Blackstone aims to enhance Chamberlain's software-based services and expand into new markets, including commercial and automotive sectors. The deal, pending regulatory approval, is expected to finalize by the end of 2021.

On August 31, 2021, Blackstone announced the completion of its $10 billion acquisition of QTS Realty Trust, integrating the company into its investment portfolio. The acquisition aligns with Blackstone's strategy focused on data proliferation and positions QTS for long-term growth in the data center sector. QTS's common stock and preferred shares will cease public trading. Blackstone aims to leverage QTS's management team to enhance operations amidst rising demand for data centers.

DECA Dental Group has announced a strategic investment from Blackstone Tactical Opportunities (NYSE: BX) to fuel its expansion across the U.S. This partnership aims to enhance DECA’s ability to provide high-quality, patient-centric dental care. Founded in 2008 in Dallas, DECA operates nearly 100 affiliated practices in Texas, Florida, and Washington. Dr. Sulman Ahmed, the company's founder, emphasized the investment will aid in scaling their successful care model. Blackstone's Todd Hirsch notes DECA's unique platform driven by its dentist-led leadership.