Brokerages Set Blackstone Secured Lending Fund (NYSE:BXSL) Price Target at $31.54

Blackstone Secured Lending Fund (NYSE:BXSLGet 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

Several institutional investors and hedge funds have recently bought and sold shares of BXSL. Ensign Peak Advisors Inc increased its holdings in shares of Blackstone Secured Lending Fund by 51.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 5,035,082 shares of the company’s stock valued at $154,174,000 after acquiring an additional 1,715,357 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Blackstone Secured Lending Fund by 106.5% in the 2nd quarter. Van ECK Associates Corp now owns 3,180,714 shares of the company’s stock worth $97,393,000 after buying an additional 1,640,211 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of Blackstone Secured Lending Fund in the 2nd quarter valued at about $8,042,000. Northeast Financial Consultants Inc grew its position in shares of Blackstone Secured Lending Fund by 16.1% during the 2nd quarter. Northeast Financial Consultants Inc now owns 1,864,469 shares of the company’s stock valued at $57,090,000 after buying an additional 258,966 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd bought a new stake in shares of Blackstone Secured Lending Fund during the 3rd quarter valued at about $7,301,000. Institutional investors and hedge funds own 36.49% of the company’s stock.

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

(Get Free Report

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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Analyst Recommendations for Blackstone Secured Lending Fund (NYSE:BXSL)

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