Brokerages Set Morgan Stanley Direct Lending (NYSE:MSDL) Target Price at $21.92

Shares of Morgan Stanley Direct Lending (NYSE:MSDLGet Free Report) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $21.92.

Several research firms have recently commented on MSDL. JPMorgan Chase & Co. upped their target price on Morgan Stanley Direct Lending from $20.50 to $21.00 and gave the company a “neutral” rating in a report on Friday, April 12th. UBS Group assumed coverage on Morgan Stanley Direct Lending in a research note on Tuesday, February 20th. They set a “buy” rating and a $23.50 price objective for the company. Raymond James lowered Morgan Stanley Direct Lending from an “outperform” rating to a “market perform” rating in a research report on Monday, May 13th. Royal Bank of Canada boosted their price target on shares of Morgan Stanley Direct Lending from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Morgan Stanley Direct Lending from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 14th.

Read Our Latest Stock Analysis on Morgan Stanley Direct Lending

Morgan Stanley Direct Lending Stock Down 0.6 %

MSDL stock opened at $23.18 on Thursday. The firm has a market cap of $2.07 billion and a price-to-earnings ratio of 7.48. Morgan Stanley Direct Lending has a 1-year low of $19.05 and a 1-year high of $23.45. The firm has a fifty day moving average price of $22.60 and a two-hundred day moving average price of $21.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.39 and a quick ratio of 1.39.

Morgan Stanley Direct Lending (NYSE:MSDLGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $99.10 million during the quarter, compared to analyst estimates of $98.65 million. Morgan Stanley Direct Lending had a net margin of 62.34% and a return on equity of 12.87%. Research analysts predict that Morgan Stanley Direct Lending will post 2.52 EPS for the current year.

Morgan Stanley Direct Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date is Friday, June 28th. Morgan Stanley Direct Lending’s dividend payout ratio (DPR) is 64.52%.

Institutional Trading of Morgan Stanley Direct Lending

A number of large investors have recently added to or reduced their stakes in the business. Cliffwater LLC purchased a new position in Morgan Stanley Direct Lending in the 1st quarter worth about $47,035,000. Van ECK Associates Corp acquired a new position in shares of Morgan Stanley Direct Lending in the first quarter worth about $32,973,000. Capstone Investment Advisors LLC acquired a new position in shares of Morgan Stanley Direct Lending in the first quarter worth about $646,000. Virtu Financial LLC purchased a new position in shares of Morgan Stanley Direct Lending in the first quarter worth approximately $223,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Morgan Stanley Direct Lending during the first quarter valued at approximately $223,000.

Morgan Stanley Direct Lending Company Profile

(Get Free Report

Morgan Stanley Direct Lending Fund is a business development company. It is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies. Morgan Stanley Direct Lending Fund is based in NEW YORK.

Featured Articles

Analyst Recommendations for Morgan Stanley Direct Lending (NYSE:MSDL)

Receive News & Ratings for Morgan Stanley Direct Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley Direct Lending and related companies with MarketBeat.com's FREE daily email newsletter.