Blackstone (BX) Considers Sale of Leaf Living Valued at Approximately $1.3 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
0mins
Source: seekingalpha
- Potential Sale Plan: Blackstone has engaged Goldman Sachs and CBRE Group to advise on a potential sale of its U.K. rental home business, Leaf Living, which is expected to fetch around £1 billion ($1.3 billion), significantly impacting its real estate investment strategy in the U.K.
- Market Context Impact: Launched in 2021 as a joint venture between Blackstone and Regis Group, Leaf Living focuses on managing newly-built single-family rentals, but recent proposals by U.S. President Trump to restrict large institutional investors from buying homes may influence Blackstone's strategic decisions.
- Competitive Pressure: As a major player in the single-family home market in both the U.S. and Europe, this potential sale could be a response to increasing market competition and changing policy environments, ensuring flexibility and profitability in its investment portfolio.
- No Media Response: Blackstone has not yet responded to Seeking Alpha's request for comment, which may indicate a cautious approach to the sale plan and could affect market expectations regarding its future strategies.
Analyst Views on BX
Wall Street analysts forecast BX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BX is 182.50 USD with a low forecast of 165.00 USD and a high forecast of 215.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 157.620
Low
165.00
Averages
182.50
High
215.00
Current: 157.620
Low
165.00
Averages
182.50
High
215.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
