#6 - Blackstone (NYSE:BX)
For a different way to give your portfolio a hedge against stagflation, investors may want to consider Blackstone (NYSE:BX). The company is an alternative asset management firm that specializes in early-stage companies in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity, and multi-asset class strategies.
The company is delivering significant YOY growth in earnings and revenue. That’s likely one reason that the company is generating significant interest from institutional investors in the last two quarters. And an environment of rising interest rates will likely serve as a tailwind for continued growth.
Blackstone more than doubled its FCF growth from 2020 to 2021. Although not a real estate investment trust (REIT) it operates in a similar fashion, including paying out 80% of its profits as dividends. Currently, that dividend is worth $5.28 on an annual basis and has a dividend yield of 4.56%.
About Blackstone
Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.
Read More - Current Price
- $170.84
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 13 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $169.13 (1.0% Downside)
