Summary:
- Blackstone (BX, Financial) has announced a significant dividend cut, impacting its forward yield.
- Analysts suggest potential upside opportunities, with price targets highlighting a possibly favorable investment horizon.
- GuruFocus' GF Value indicates substantial potential growth, presenting a promising view for prospective investors.
Blackstone (BX) Dividend Announcement
Blackstone (BX) recently revealed a reduction in its variable dividend, which will now be $0.93 per share compared to the prior $1.44. This adjustment results in a forward yield of 2.88%. The dividend reflects 85% of the company's Distributable Earnings and is scheduled for payment on May 5 to shareholders who are registered by April 28.
Wall Street Analysts' Forecasts
According to projections from 19 analysts, Blackstone Inc (BX, Financial) is expected to reach an average target price of $152.68 over the next year. These estimates range from a high of $207.00 to a low of $128.00. The average target price implies an upside of 18.01% from the current stock price of $129.38. For more in-depth estimate data, visit the Blackstone Inc (BX) Forecast page.
Brokerage Recommendations
Among 23 brokerage firms, the consensus recommendation for Blackstone Inc (BX, Financial) stands at 2.4. This indicates an "Outperform" status, based on a rating scale from 1 to 5, where 1 is a Strong Buy and 5 is a Sell.
GuruFocus GF Value Analysis
GuruFocus estimates the future GF Value for Blackstone Inc (BX, Financial) to be $200.92 in one year. This suggests a upside of 55.29% from the current stock price of $129.38. The GF Value represents GuruFocus' fair value estimate for the stock, derived from historical multiples, past business growth, and future performance projections. For more comprehensive analysis, visit the Blackstone Inc (BX) Summary page.
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