On Friday, Shares of Blackstone Group LP (NYSE:BX), lost -3.11% to $29.61.
Blackstone (BX), declared that they have closed on the formerly declared acquisition of Peter Cooper Village Stuyvesant Town (PCVST).
“We are proud to have reached long-term partnership with the PCVST community and the City of New York,” said Jon Gray, Global Head of Real Estate for Blackstone. “We look forward to working together with them to preserve what makes this community so special.”
Daniel Fournier, Chairman and CEO of Ivanhoé Cambridge said: “We are honored to share with Blackstone the responsibility of the future of PCVST. This investment is a win-win for the community of 30,000 residents, for our investors and for New York.”
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations.
Shares of Darden Restaurants, Inc. (NYSE:DRI), inclined 7.26% to $62.64, during its last trading session.
Darden Restaurants, Inc., (DRI) recently stated its financial results for the second quarter ended November 29, 2015.
Second Quarter 2016 Financial Highlights As Contrast To Same Fiscal Quarter Last Year
- Total sales from ongoing operations raised 3.2% to $1.61 billion
- Adjusted diluted net earnings per share from ongoing operations raised 92.9% to $0.54*
- On a stated basis, diluted net earnings per share from ongoing operations were $0.23 and were negatively influenced by about $0.31, primarily related to the implementation of the Company’s planned real estate plan
- Same-restaurant sales raised 1.6% for the fiscal quarter
(August 31, 2015 - November 29, 2015 vs. August 25, 2014 - November 23, 2014)
Darden Restaurants, Inc., through its auxiliaries, owns and operates full-service restaurants in the United States and Canada. As of July 8, 2015, it owned and operated about 1,500 restaurants under the Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s, and Yard House brand names. The company was founded in 1968 and is headquartered in Orlando, Florida.
Finally, Pier 1 Imports Inc (NYSE:PIR), ended its last trade with 1.05% gain, and closed at $4.80.
UltimateStockAlerts.com is a NASDAQ & NYSE Only Stock Alert Service focused on day trading, swing trading and long-term investing. Recently we are taking a look at four companies which we believe could provide investors with noteworthy downside/upside over the course of the next few trading sessions.
Pier 1 Imports, Inc. (PIR) practiced a substantial decline in market value on Thursday, dropping more than 20%, closing the trading day at 4.75 following disappointing earnings and lackluster forward guidance. PIR reduced its earnings guidance to a range between 42 cents and 46 cents per share for the year, down from the previous outlook of 56 cents to 64 cents per share. The company has estimated for a 2% to 4% decline in comparable stores sales during the quarter, which will end in February. PIR is trading below its 50 DMA of 6.92 by 45.6%. The RSI is confirming raised upside opportunity in the near-term with an RSI on the daily chart of 26. Daily volume levels have skyrocketed indicating the possible building of support at present levels.
Pier 1 Imports, Inc. engages in the retail sale of decorative home furnishings, furniture, gifts, and related items. The company offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrance, gift, and seasonal items. It also provides furniture and furniture cushions that are used in living, dining, office, kitchen, bedroom areas, sunrooms, and patios. In addition, the company offers dining and kitchen goods, and other specialty items. Further, it supplies merchandise and licenses the Pier 1 Imports name.
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