Blackstone Secured Lending Fund (NYSE:BXSL) Receives Consensus Rating of “Moderate Buy” from Analysts

Blackstone Secured Lending Fund (NYSE:BXSL) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $32.13.

Several equities research analysts have commented on BXSL shares. JPMorgan Chase & Co. boosted their target price on shares of 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. Wells Fargo & Company boosted their target price on shares of 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, Compass Point decreased 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 research report on Friday, November 15th.

Institutional Investors Weigh In On Blackstone Secured Lending Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its position in shares of Blackstone Secured Lending Fund by 1.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 20,189 shares of the company’s stock worth $644,000 after buying an additional 325 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Blackstone Secured Lending Fund by 0.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 49,442 shares of the company’s stock worth $1,448,000 after buying an additional 329 shares in the last quarter. Delphi Management Inc. MA boosted its position in shares of Blackstone Secured Lending Fund by 0.7% in the 4th quarter. Delphi Management Inc. MA now owns 47,745 shares of the company’s stock worth $1,543,000 after buying an additional 330 shares in the last quarter. Investment Partners Asset Management Inc. boosted its position in shares of Blackstone Secured Lending Fund by 1.8% in the 3rd quarter. Investment Partners Asset Management Inc. now owns 18,305 shares of the company’s stock worth $536,000 after buying an additional 332 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its position in shares of Blackstone Secured Lending Fund by 1.9% in the 4th quarter. Wealthspire Advisors LLC now owns 19,232 shares of the company’s stock worth $621,000 after buying an additional 350 shares in the last quarter. 36.49% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone Secured Lending Fund Price Performance

NYSE:BXSL opened at $33.83 on Friday. The firm’s fifty day moving average price is $32.54 and its 200 day moving average price is $31.19. Blackstone Secured Lending Fund has a 1-year low of $27.76 and a 1-year high of $34.11. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 9.40 and a beta of 0.43.

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).