Morgan Stanley Direct Lending (NYSE:MSDL – Get Free Report) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $21.42.
A number of brokerages have weighed in on MSDL. UBS Group lowered shares of Morgan Stanley Direct Lending from a “buy” rating to a “neutral” rating and set a $23.50 target price for the company. in a research note on Thursday, July 18th. JPMorgan Chase & Co. reduced their price objective on Morgan Stanley Direct Lending from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company dropped their target price on Morgan Stanley Direct Lending from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Morgan Stanley Direct Lending in a research report on Friday, September 13th.
Check Out Our Latest Report on Morgan Stanley Direct Lending
Institutional Investors Weigh In On Morgan Stanley Direct Lending
Morgan Stanley Direct Lending Price Performance
Shares of NYSE:MSDL opened at $19.92 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $1.78 billion and a price-to-earnings ratio of 6.43. The business has a 50-day simple moving average of $20.03 and a two-hundred day simple moving average of $20.69. Morgan Stanley Direct Lending has a fifty-two week low of $19.05 and a fifty-two week high of $24.18.
Morgan Stanley Direct Lending (NYSE:MSDL – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $104.19 million during the quarter, compared to analysts’ expectations of $101.60 million. Morgan Stanley Direct Lending had a net margin of 60.60% and a return on equity of 12.57%. On average, analysts expect that Morgan Stanley Direct Lending will post 2.54 earnings per share for the current year.
Morgan Stanley Direct Lending Cuts Dividend
The business also recently declared a — dividend, which will be paid on Friday, January 24th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.10 per share. This represents a yield of 10.1%. The ex-dividend date is Monday, November 4th. Morgan Stanley Direct Lending’s dividend payout ratio is presently 64.52%.
About Morgan Stanley Direct Lending
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.
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