Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.02), Zacks reports. Blackstone Secured Lending Fund had a return on equity of 13.15% and a net margin of 53.91%.
Blackstone Secured Lending Fund Trading Down 3.6 %
BXSL stock opened at $32.75 on Thursday. The stock has a market cap of $7.33 billion, a P/E ratio of 9.10 and a beta of 0.43. The stock’s fifty day simple moving average is $32.93 and its two-hundred day simple moving average is $31.46. Blackstone Secured Lending Fund has a 1-year low of $27.76 and a 1-year high of $34.64.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Compass Point lowered their target price on shares of 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. Keefe, Bruyette & Woods increased their price objective on Blackstone Secured Lending Fund from $30.50 to $32.00 and gave the stock a “market perform” rating in a research note on Thursday. 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 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 report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.11.
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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