Shares of Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $29.33.
BXSL has been the subject of several recent analyst reports. Raymond James upped their price objective on Blackstone Secured Lending Fund from $28.00 to $29.50 and gave the stock an “outperform” rating in a research report on Monday, August 14th. Truist Financial upped their price objective on Blackstone Secured Lending Fund from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. JPMorgan Chase & Co. upgraded Blackstone Secured Lending Fund from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $28.00 to $28.50 in a research report on Monday, October 23rd. Citigroup upped their price objective on Blackstone Secured Lending Fund from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Royal Bank of Canada increased their target price on Blackstone Secured Lending Fund from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, August 11th.
Hedge Funds Weigh In On Blackstone Secured Lending Fund
Blackstone Secured Lending Fund Stock Performance
BXSL opened at $28.33 on Friday. Blackstone Secured Lending Fund has a 52-week low of $22.08 and a 52-week high of $29.11. The firm has a market cap of $4.92 billion, a P/E ratio of 8.03 and a beta of 0.51. The business’s fifty day moving average is $27.46 and its 200-day moving average is $27.06.
Blackstone Secured Lending Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, December 28th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 10.87%. Blackstone Secured Lending Fund’s dividend payout ratio (DPR) is 87.25%.
About Blackstone Secured Lending Fund
Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).
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