Shares of Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $32.79.
A number of brokerages have commented on BXSL. Wells Fargo & Company lifted their target price on shares of Blackstone Secured Lending Fund from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price objective on Blackstone Secured Lending Fund from $30.50 to $32.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Truist Financial lifted their target price on Blackstone Secured Lending Fund from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their price target on Blackstone Secured Lending Fund from $33.00 to $33.50 and gave the stock an “overweight” rating in a report on Monday, February 3rd.
Get Our Latest Research Report on BXSL
Hedge Funds Weigh In On Blackstone Secured Lending Fund
Blackstone Secured Lending Fund Stock Performance
NYSE:BXSL opened at $32.66 on Tuesday. Blackstone Secured Lending Fund has a one year low of $27.76 and a one year high of $34.64. The stock has a market cap of $7.44 billion, a PE ratio of 9.07 and a beta of 0.43. The stock has a 50 day moving average price of $32.98 and a 200 day moving average price of $31.74.
Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.02). The company had revenue of $353.00 million during the quarter, compared to analyst estimates of $346.52 million. Blackstone Secured Lending Fund had a return on equity of 13.15% and a net margin of 53.91%. As a group, analysts predict that Blackstone Secured Lending Fund will post 3.54 earnings per share for the current fiscal year.
Blackstone Secured Lending Fund Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be issued a $0.77 dividend. The ex-dividend date is Monday, March 31st. This represents a $3.08 annualized dividend and a dividend yield of 9.43%. Blackstone Secured Lending Fund’s dividend payout ratio is presently 88.76%.
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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