Brokerages Set Blackstone Secured Lending Fund (NYSE:BXSL) Target Price at $32.13

Shares of Blackstone Secured Lending Fund (NYSE:BXSL) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $32.13.

Several brokerages have recently commented on BXSL. Compass Point decreased their price target on Blackstone Secured Lending Fund from $33.50 to $32.25 and set a “buy” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their target price on Blackstone Secured Lending Fund from $33.00 to $33.50 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company raised their target price on Blackstone Secured Lending Fund from $29.00 to $31.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th.

Blackstone Secured Lending Fund Stock Down 0.0 %

Shares of Blackstone Secured Lending Fund stock opened at $33.88 on Friday. Blackstone Secured Lending Fund has a 52 week low of $27.76 and a 52 week high of $34.11. The business’s fifty day simple moving average is $32.62 and its 200-day simple moving average is $31.24. The firm has a market cap of $7.58 billion, a PE ratio of 9.41 and a beta of 0.43.

Institutional Investors Weigh In On Blackstone Secured Lending Fund

A number of hedge funds have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC raised its position in Blackstone Secured Lending Fund by 1.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 20,189 shares of the company’s stock valued at $644,000 after purchasing an additional 325 shares in the last quarter. Sunbelt Securities Inc. raised its position in Blackstone Secured Lending Fund by 0.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 49,442 shares of the company’s stock valued at $1,448,000 after purchasing an additional 329 shares in the last quarter. Delphi Management Inc. MA raised its position in Blackstone Secured Lending Fund by 0.7% in the 4th quarter. Delphi Management Inc. MA now owns 47,745 shares of the company’s stock valued at $1,543,000 after purchasing an additional 330 shares in the last quarter. Investment Partners Asset Management Inc. raised its position in Blackstone Secured Lending Fund by 1.8% in the 3rd quarter. Investment Partners Asset Management Inc. now owns 18,305 shares of the company’s stock valued at $536,000 after purchasing an additional 332 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its position in Blackstone Secured Lending Fund by 1.9% in the 4th quarter. Wealthspire Advisors LLC now owns 19,232 shares of the company’s stock valued at $621,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 36.49% of the company’s stock.

Blackstone Secured Lending Fund Company Profile

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).