Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $31.54.
Several brokerages have recently weighed in on BXSL. Wells Fargo & Company downgraded shares of Blackstone Secured Lending Fund from an “overweight” rating to an “equal weight” rating and set a $29.00 target price for the company. in a research note on Monday, December 2nd. Compass Point decreased their price objective on shares of Blackstone Secured Lending Fund from $33.50 to $32.25 and set a “buy” rating for the company in a research report on Friday, November 15th.
Get Our Latest Analysis on Blackstone Secured Lending Fund
Institutional Trading of Blackstone Secured Lending Fund
Blackstone Secured Lending Fund Stock Performance
Blackstone Secured Lending Fund stock opened at $33.27 on Thursday. Blackstone Secured Lending Fund has a one year low of $27.47 and a one year high of $33.48. The stock’s 50 day moving average price is $31.67 and its 200 day moving average price is $30.80. The firm has a market capitalization of $7.21 billion, a PE ratio of 9.24 and a beta of 0.43.
Blackstone Secured Lending Fund Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, December 31st will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 9.26%. The ex-dividend date is Tuesday, December 31st. Blackstone Secured Lending Fund’s payout ratio is currently 85.56%.
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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