Morgan Stanley Direct Lending (NYSE:MSDL – Get Free Report) has earned an average rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $21.42.
Several equities research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Morgan Stanley Direct Lending from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price target on shares of Morgan Stanley Direct Lending in a research note on Friday, September 13th. JPMorgan Chase & Co. reduced their price objective on shares of Morgan Stanley Direct Lending from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Finally, UBS Group downgraded Morgan Stanley Direct Lending from a “buy” rating to a “neutral” rating and set a $23.50 target price on the stock. in a research report on Thursday, July 18th.
Check Out Our Latest Analysis on MSDL
Institutional Inflows and Outflows
Morgan Stanley Direct Lending Trading Up 0.7 %
NYSE:MSDL opened at $20.02 on Friday. Morgan Stanley Direct Lending has a 12 month low of $19.05 and a 12 month high of $24.18. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.89. The firm’s 50 day moving average is $19.96 and its 200 day moving average is $20.05. The stock has a market capitalization of $1.79 billion and a PE ratio of 6.74.
Morgan Stanley Direct Lending (NYSE:MSDL – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $104.19 million for the quarter, compared to analyst estimates of $101.60 million. Morgan Stanley Direct Lending had a return on equity of 12.57% and a net margin of 60.60%. Sell-side analysts expect that Morgan Stanley Direct Lending will post 2.55 earnings per share for the current year.
Morgan Stanley Direct Lending Cuts Dividend
The company also recently announced a — dividend, which will be paid on Friday, January 24th. Investors 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 (DPR) is presently 67.34%.
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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