Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $32.00 to $31.50 in a research report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.91% from the stock’s current price.
Blackstone Secured Lending Fund Stock Down 0.5 %
Shares of NYSE:BXSL traded down $0.14 during midday trading on Monday, reaching $30.61. The company’s stock had a trading volume of 142,916 shares, compared to its average volume of 909,998. The business has a 50 day moving average price of $31.04 and a 200 day moving average price of $30.46. Blackstone Secured Lending Fund has a 1 year low of $25.83 and a 1 year high of $32.67. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 8.16 and a beta of 0.45.
Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Blackstone Secured Lending Fund had a net margin of 55.54% and a return on equity of 14.06%. The firm had revenue of $303.96 million for the quarter, compared to analysts’ expectations of $305.08 million. Sell-side analysts anticipate that Blackstone Secured Lending Fund will post 3.56 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Blackstone Secured Lending Fund
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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