Shares of Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $32.13.
A number of analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of 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. JPMorgan Chase & Co. raised their price objective on shares of Blackstone Secured Lending Fund from $33.00 to $33.50 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Compass Point cut their price objective 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.
Check Out Our Latest Stock Report on BXSL
A number of institutional investors have recently modified their holdings of the business. Zacks Investment Management acquired a new position in shares of Blackstone Secured Lending Fund in the 4th quarter valued at $201,000. Guggenheim Capital LLC grew its position in Blackstone Secured Lending Fund by 6.0% in the 4th quarter. Guggenheim Capital LLC now owns 18,549 shares of the company's stock valued at $599,000 after buying an additional 1,044 shares during the last quarter. XTX Topco Ltd purchased a new position in Blackstone Secured Lending Fund in the 4th quarter valued at $1,031,000. CM Wealth Advisors LLC purchased a new position in Blackstone Secured Lending Fund in the 4th quarter valued at $359,000. Finally, CreativeOne Wealth LLC purchased a new position in Blackstone Secured Lending Fund in the 4th quarter valued at $212,000. 36.49% of the stock is owned by institutional investors and hedge funds.
BXSL stock opened at $33.83 on Friday. Blackstone Secured Lending Fund has a twelve month low of $27.76 and a twelve month high of $34.11. The company's 50 day moving average is $32.54 and its two-hundred day moving average is $31.19. The stock has a market cap of $7.57 billion, a P/E ratio of 9.40 and a beta of 0.43.
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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