Blackstone Secured Lending Fund (NYSE:BXSL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Blackstone Secured Lending Fund (NYSE:BXSLGet Free Report) have been given an average rating of “Moderate Buy” by the nine research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $29.1250.

A number of equities analysts have issued reports on the company. Bank of America lowered their price target on Blackstone Secured Lending Fund from $33.50 to $29.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. B. Riley Financial decreased their target price on Blackstone Secured Lending Fund from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Royal Bank Of Canada dropped their price target on shares of Blackstone Secured Lending Fund from $32.00 to $29.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 12th. Keefe, Bruyette & Woods reduced their price objective on shares of Blackstone Secured Lending Fund from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Finally, Wells Fargo & Company downgraded shares of Blackstone Secured Lending Fund from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $26.00 to $24.00 in a report on Wednesday, January 7th.

Get Our Latest Stock Analysis on BXSL

Blackstone Secured Lending Fund Stock Performance

BXSL stock opened at $24.64 on Thursday. Blackstone Secured Lending Fund has a one year low of $23.31 and a one year high of $34.17. The firm’s fifty day moving average is $25.82 and its 200 day moving average is $27.00. The firm has a market cap of $5.70 billion, a PE ratio of 9.26 and a beta of 0.41.

Blackstone Secured Lending Fund (NYSE:BXSLGet Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. Blackstone Secured Lending Fund had a net margin of 42.38% and a return on equity of 11.85%. The business had revenue of $196.54 million for the quarter, compared to analyst estimates of $359.59 million. Research analysts predict that Blackstone Secured Lending Fund will post 3.54 earnings per share for the current fiscal year.

Blackstone Secured Lending Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Tuesday, March 31st will be paid a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $3.08 dividend on an annualized basis and a yield of 12.5%. Blackstone Secured Lending Fund’s dividend payout ratio (DPR) is currently 115.79%.

More Blackstone Secured Lending Fund News

Here are the key news stories impacting Blackstone Secured Lending Fund this week:

Institutional Investors Weigh In On Blackstone Secured Lending Fund

Several large investors have recently bought and sold shares of BXSL. Delphi Management Inc. MA lifted its position in shares of Blackstone Secured Lending Fund by 0.9% in the fourth quarter. Delphi Management Inc. MA now owns 45,939 shares of the company’s stock valued at $1,210,000 after acquiring an additional 421 shares in the last quarter. Prime Capital Investment Advisors LLC raised its stake in Blackstone Secured Lending Fund by 5.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 7,704 shares of the company’s stock valued at $201,000 after purchasing an additional 430 shares during the last quarter. Comprehensive Money Management Services LLC lifted its holdings in Blackstone Secured Lending Fund by 2.7% in the 3rd quarter. Comprehensive Money Management Services LLC now owns 16,916 shares of the company’s stock valued at $441,000 after purchasing an additional 440 shares in the last quarter. Walter & Keenan Wealth Management LLC IN ADV lifted its holdings in Blackstone Secured Lending Fund by 1.8% in the 4th quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 25,632 shares of the company’s stock valued at $675,000 after purchasing an additional 443 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in Blackstone Secured Lending Fund by 2.4% during the 4th quarter. Wealthspire Advisors LLC now owns 19,343 shares of the company’s stock worth $509,000 after purchasing an additional 461 shares during the last quarter. 36.49% of the stock is currently owned by hedge funds and other institutional investors.

About Blackstone Secured Lending Fund

(Get Free Report)

Blackstone Secured Lending Fund (NYSE: BXSL) is a closed-end management investment company sponsored by Blackstone Credit, the credit-oriented business of Blackstone Inc Launched in May 2020, BXSL seeks to deliver attractive risk-adjusted returns primarily through current income and, to a lesser extent, capital appreciation. The fund raises capital from institutional and retail investors and deploys it into a diversified portfolio of senior secured loans and other credit instruments.

The fund’s principal investment focus is on first-lien senior secured loans and unitranche debt extended to middle-market companies across North America.

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Analyst Recommendations for Blackstone Secured Lending Fund (NYSE:BXSL)

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