Blackstone Secured Lending Fund (NYSE:BXSL) Receives Average Rating of “Moderate Buy” from Analysts

Blackstone Secured Lending Fund (NYSE:BXSL) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $31.54.

A number of research firms recently commented on BXSL. Wells Fargo & Company lowered shares of Blackstone Secured Lending Fund from an “overweight” rating to an “equal weight” rating and set a $29.00 price objective on the stock. in a research note on Monday, December 2nd. Compass Point lowered 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 report on Friday, November 15th.

Blackstone Secured Lending Fund Trading Down 0.0 %

Blackstone Secured Lending Fund stock opened at $32.71 on Monday. Blackstone Secured Lending Fund has a 52 week low of $27.76 and a 52 week high of $33.48. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 9.09 and a beta of 0.42. The company’s 50-day moving average price is $32.15 and its two-hundred day moving average price is $30.93.

Blackstone Secured Lending Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, December 31st were issued a $0.77 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $3.08 annualized dividend and a dividend yield of 9.42%. Blackstone Secured Lending Fund’s dividend payout ratio is currently 85.56%.

Institutional Investors Weigh In On Blackstone Secured Lending Fund

Large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in shares of Blackstone Secured Lending Fund during the second quarter valued at approximately $4,707,000. Sunbelt Securities Inc. raised its stake in Blackstone Secured Lending Fund by 2.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 49,113 shares of the company’s stock valued at $1,504,000 after purchasing an additional 1,113 shares during the period. PVG Asset Management Corp purchased a new stake in shares of Blackstone Secured Lending Fund in the second quarter valued at $218,000. Northeast Financial Consultants Inc boosted its position in shares of Blackstone Secured Lending Fund by 16.1% in the second quarter. Northeast Financial Consultants Inc now owns 1,864,469 shares of the company’s stock worth $57,090,000 after buying an additional 258,966 shares during the period. Finally, Magnolia Capital Advisors LLC purchased a new position in shares of Blackstone Secured Lending Fund during the second quarter valued at $8,042,000. 36.49% of the stock is 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).