Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.86 per share and revenue of $346.52 million for the quarter.
Blackstone Secured Lending Fund Stock Performance
BXSL stock opened at $34.22 on Monday. The firm has a 50 day moving average price of $32.85 and a 200-day moving average price of $31.41. Blackstone Secured Lending Fund has a 52-week low of $27.76 and a 52-week high of $34.64. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 9.51 and a beta of 0.43.
Analyst Upgrades and Downgrades
BXSL has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Blackstone Secured Lending Fund from $29.00 to $31.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target 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, Compass Point dropped their price target on shares of 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. Two research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.13.
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).
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