Blackstone Secured Lending Fund (NYSE:BXSL) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Blackstone Secured Lending Fund (NYSE:BXSL) had its price target boosted by analysts at Keefe, Bruyette & Woods from $30.50 to $32.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential downside of 2.29% from the company’s previous close.

A number of other research firms also recently issued reports on BXSL. JPMorgan Chase & Co. boosted their price target on shares of Blackstone Secured Lending Fund from $33.00 to $33.50 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price objective on shares of 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. Finally, Compass Point lowered their price target on shares of Blackstone Secured Lending Fund from $33.50 to $32.25 and set a “buy” rating for the company in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.11.

Blackstone Secured Lending Fund Price Performance

Shares of BXSL stock opened at $32.75 on Thursday. The firm’s 50-day moving average is $32.93 and its two-hundred day moving average is $31.46. The company has a market capitalization of $7.33 billion, a PE ratio of 9.10 and a beta of 0.43. Blackstone Secured Lending Fund has a 12 month low of $27.76 and a 12 month high of $34.64.

Blackstone Secured Lending Fund (NYSE:BXSL) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.02). Blackstone Secured Lending Fund had a net margin of 53.91% and a return on equity of 13.15%. Sell-side analysts forecast that Blackstone Secured Lending Fund will post 3.54 EPS for the current year.

Institutional Trading of Blackstone Secured Lending Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC raised its position in Blackstone Secured Lending Fund by 2.3% in the 4th quarter. Tidal Investments LLC now owns 14,280 shares of the company’s stock valued at $461,000 after purchasing an additional 320 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in Blackstone Secured Lending Fund by 1.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 20,189 shares of the company’s stock worth $644,000 after buying an additional 325 shares during the last quarter. Sunbelt Securities Inc. raised its position in Blackstone Secured Lending Fund by 0.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 49,442 shares of the company’s stock worth $1,448,000 after buying an additional 329 shares during the last quarter. Delphi Management Inc. MA raised its position in Blackstone Secured Lending Fund by 0.7% during the 4th quarter. Delphi Management Inc. MA now owns 47,745 shares of the company’s stock worth $1,543,000 after buying an additional 330 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its position in Blackstone Secured Lending Fund by 1.9% during the 4th quarter. Wealthspire Advisors LLC now owns 19,232 shares of the company’s stock worth $621,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 36.49% of the company’s stock.

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).