Analysts at Citizens Jmp assumed coverage on shares of Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) in a report released on Monday, Briefing.com reports. The brokerage set a “market perform” rating on the stock.
A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. decreased their target price on Blackstone Secured Lending Fund from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Oppenheimer started coverage on Blackstone Secured Lending Fund in a report on Thursday, July 23rd. They set a “market perform” rating and a $25.00 target price for the company. UBS Group increased their price target on Blackstone Secured Lending Fund from $24.50 to $25.50 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Wall Street Zen raised Blackstone Secured Lending Fund from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Citigroup assumed coverage on Blackstone Secured Lending Fund in a report on Monday. They issued a “market perform” rating on the stock. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.89.
Check Out Our Latest Research Report on BXSL
Blackstone Secured Lending Fund Stock Performance
NYSE BXSL opened at $23.35 on Monday. Blackstone Secured Lending Fund has a one year low of $22.47 and a one year high of $28.59. The company has a 50-day simple moving average of $24.35 and a 200-day simple moving average of $23.98. The firm has a market capitalization of $5.44 billion, a PE ratio of 18.39 and a beta of 0.39.
Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $320.47 million for the quarter, compared to analyst estimates of $326.72 million. Blackstone Secured Lending Fund had a net margin of 21.51% and a return on equity of 11.86%. Equities analysts forecast that Blackstone Secured Lending Fund will post 2.85 earnings per share for the current year.
Institutional Trading of Blackstone Secured Lending Fund
Large investors have recently modified their holdings of the company. Allied Private Wealth LLC bought a new stake in Blackstone Secured Lending Fund in the 2nd quarter valued at about $32,000. FNY Investment Advisers LLC bought a new position in Blackstone Secured Lending Fund in the 2nd quarter worth about $33,000. First Bancorp Inc ME bought a new position in Blackstone Secured Lending Fund in the 2nd quarter worth about $38,000. Western Wealth Management LLC bought a new position in Blackstone Secured Lending Fund in the 1st quarter worth about $58,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Blackstone Secured Lending Fund in the third quarter valued at approximately $94,000. Institutional investors and hedge funds own 36.49% of the company’s stock.
About Blackstone Secured Lending Fund
Blackstone Secured Lending Fund (NYSE: BXSL) is a business development company that invests in privately owned middle-market companies. The fund seeks to generate current income and long-term capital appreciation primarily through investments in senior secured, floating-rate loans.
BXSL’s portfolio may also include second-lien loans, unsecured debt and equity investments. Its investments are generally made in companies across a range of industries, with an emphasis on businesses that have established operations and cash flows.
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