Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) is anticipated to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Blackstone Secured Lending Fund to post earnings of $0.86 per share and revenue of $346.52 million for the quarter.
Blackstone Secured Lending Fund Price Performance
NYSE BXSL opened at $34.08 on Tuesday. The firm has a market cap of $7.63 billion, a P/E ratio of 9.47 and a beta of 0.43. The stock’s 50-day moving average is $32.88 and its 200-day moving average is $31.43. Blackstone Secured Lending Fund has a one year low of $27.76 and a one year high of $34.64.
Analyst Ratings Changes
A number of research firms have recently commented on BXSL. Compass Point dropped 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. Wells Fargo & Company raised their price target on Blackstone Secured Lending Fund from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their price target on Blackstone Secured Lending Fund from $33.00 to $33.50 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. 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, Blackstone Secured Lending Fund presently has a consensus rating of “Moderate Buy” and an average target price of $32.13.
Blackstone Secured Lending Fund Company Profile
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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