Investor concerns about Blackstone’s big retail real estate fund have weighed on its stock in recent months and comments by management this week didn’t appear to help.
Although Blackstone (ticker: BX) reported an earnings beat Thursday, its shares dropped 4.2% after the report before rebounding Friday to finish up 1.7% at $85.43. The stock is off more than 40% from its November 2021 peak of about $150.
