Blackstone Secured Loan Fund. (NYSE: BXSL) Receives Consensus Rating of “Hold” from Analysts
Shares of Blackstone Secured Lending Fund. (NYSE: BXSL- Get a rating) received an average recommendation of “Hold” from the ten brokerages that cover the company, reports MarketBeat Ratings. Seven investment analysts gave the stock a hold rating and three gave the company a buy rating. The 1-year average price target among brokers who have covered the stock over the past year is $30.36.
Several equity analysts have recently published reports on the stock. Zacks Investment Research cut shares of Blackstone Secured Lending Fund. from a “buy” rating to a “hold” rating in a research note from Thursday, March 3. Citigroup has raised shares of the Blackstone Secured Lending Fund. from a “neutral” rating to a “buy” rating and set a target price of $32.00 on the stock in a research report on Thursday, March 3. Janney Montgomery Scott initiated a hedge on the shares of the Blackstone Secured Lending Fund. in a report on Friday, December 3. They set a “neutral” rating and a price target of $30.00 for the company. Wells Fargo & Company upgraded shares of Blackstone Secured Lending Fund. from an “equal weight” rating to an “overweight” rating and set a target price of $30.00 for the company in a Wednesday, March 2 research note. Finally, the Royal Bank of Canada reduced its target price on shares of the Blackstone Secured Lending Fund. from $34.00 to $32.00 and set an “outperform” rating for the company in a Thursday, March 3, research note.
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Hedge funds and other institutional investors have recently changed their stock holdings. Leavell Investment Management Inc. has acquired a new equity position in Blackstone Secured Lending Fund. in the fourth quarter worth approximately $1,622,000. Shufro Rose & Co. LLC has purchased a new stake in shares of Blackstone Secured Lending Fund. during the fourth quarter worth approximately $712,000. Amplius Wealth Advisors LLC has purchased a new stake in shares of Blackstone Secured Lending Fund. during the fourth quarter worth approximately $510,000. Nomura Asset Management Co. Ltd. acquired a new stake in Blackstone Secured Lending Fund. during the fourth quarter with a value of $230,893,000. Finally, Advisor Group Holdings Inc. acquired a new stake in Blackstone Secured Lending Fund. during the fourth quarter for a value of $36,000. Institutional investors hold 12.33% of the company’s shares.
Blackstone Secured Loan Fund. the stock opened at $28.60 on Friday. Blackstone Secured Loan Fund. has a 52-week low of $26.15 and a 52-week high of $38.32. The stock has a fifty-day simple moving average of $29.08.
Blackstone Secured Loan Fund. (NYSE: BXSL- Get a rating) last released its quarterly results on Monday, February 28. The company reported earnings per share of $0.67 for the quarter, beating the Zacks consensus estimate of $0.60 by $0.07. The company posted revenue of $192.00 million for the quarter, versus analyst estimates of $176.57 million. Research analysts predict that Blackstone Secured Lending Fund. will show 2.43 EPS for the current fiscal year.
About the Blackstone Secured Loan Fund. (Get a rating)
Blackstone Secured Lending Fund is a business development company managed externally by Blackstone Credit BDC Advisors LLC. The company is a specialty finance company that invests primarily in US private corporate debt. Blackstone Secured Lending Fund is based in NEW YORK.
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