The Blackstone Group LP (NYSE:BX) reported on Wednesday that it is close to its most recent worldwide real estate fund, Blackstone Real Estate Partners VII, boosting $13.3 billion, the biggest opportunistic real estate fund ever.
Blackstone reported that the private equity company boosted the funding over the previous 13 months from over 250 investors worldwide. United States public pension plans were the biggest category of investors.
The financial company has committed or invested around 35% of the fund’s capital in a wide array of asset classes and geographies. Real estate unit of the company managed over $50 billion in equity as of the end of the Q3.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Lazard Ltd. (NYSE:LAZ) fell -1.77% to settle at $28.89, CIFC Corp. (NASDAQ:DFR) moved down -1.28% to end at $6.92 while KKR & Co. L.P. (NYSE:KKR) jumped +0.27% to finish at $14.84 on Wednesday.
The Blackstone Group L.P. (NYSE:BX) on Oct 10, 2012 increased +0.63% to the closing price of $14.29. The overall volume in the last trading session was 1.27 million shares. Its fifty two weeks range was $11.12 – $17.25. The total market capitalization remained at $17.58 billion.
BX is ahead of its 52-week low with 29.29% and lagging behind from its 52-week high price with -14.67%. BX’s last month’s stock price volatility remained 2.99%. In its share capital BX has 1.13 billion outstanding shares, among them 304.69 million shares have been floated in market exchange. BX’s stock’s institutional ownership remained 64.89% while insider ownership included 0.07%.
The stock price of BX is moving down from its 20 days moving average with -1.98% and remote positively from 50 days moving average with 1.85%. BX’s current year’s earnings per share experienced an addition with 65.19% while its current quarter performance remained at 14.05%. Company’s beta coefficient included 2.25. Beta factors measure the amount of market risk associated with market trade.
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