London, Calling For Blackstone, As Private Equity Soars In 2014
- Increased confidence in U.K. housing has prompted Blackstone, along with TPG Capital Management, to make a bid for Investec’s London-based mortgage business, Kensington Group.
- Blackstone's stock still shows room to appreciate, following news of the deal.
- Blackstone's 4.2% forward annual dividend rate and 12.6 P/E, compared to an industry peer average of 18.1, makes it appealing to many investors.
- With strong historical and current earnings results, and bullish analyst ratings, we are ever-more positive on BX, moving forward in 2014.