Blackstone Secured Lending Fund (NYSE:BXSL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Blackstone Secured Lending Fund (NYSE:BXSL) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $33.00 to $33.50 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 0.29% from the company’s current price.

BXSL has been the topic of a number of other reports. Wells Fargo & Company upped their price target on Blackstone Secured Lending Fund from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Compass Point cut their target price on Blackstone Secured Lending Fund from $33.50 to $32.25 and set a “buy” rating on the stock in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Blackstone Secured Lending Fund has a consensus rating of “Moderate Buy” and a consensus target price of $32.13.

Blackstone Secured Lending Fund Trading Down 0.4 %

Shares of NYSE BXSL opened at $33.60 on Monday. The firm’s 50-day moving average price is $32.39 and its 200-day moving average price is $31.07. The firm has a market capitalization of $7.52 billion, a P/E ratio of 9.33 and a beta of 0.43. Blackstone Secured Lending Fund has a 1-year low of $27.76 and a 1-year high of $33.80.

Hedge Funds Weigh In On Blackstone Secured Lending Fund

Large investors have recently bought and sold shares of the stock. Beacon Capital Management LLC grew its holdings in shares of Blackstone Secured Lending Fund by 200.0% in the fourth quarter. Beacon Capital Management LLC now owns 900 shares of the company’s stock valued at $29,000 after acquiring an additional 600 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in Blackstone Secured Lending Fund in the fourth quarter worth $31,000. Signaturefd LLC purchased a new position in Blackstone Secured Lending Fund in the third quarter worth $29,000. CKW Financial Group bought a new position in Blackstone Secured Lending Fund in the 4th quarter valued at $32,000. Finally, Blue Trust Inc. increased its position in shares of Blackstone Secured Lending Fund by 1,466.7% during the 3rd quarter. Blue Trust Inc. now owns 1,175 shares of the company’s stock valued at $36,000 after purchasing an additional 1,100 shares during the last quarter. 36.49% of the stock is currently owned by institutional investors.

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).