Blackstone Secured Lending Fund (NYSE:BXSL) Price Target Cut to $25.00 by Analysts at UBS Group

Key Points

• UBS cut its price target on Blackstone Secured Lending Fund from $25.50 to $25.00 and maintained a neutral rating, implying 3.62% upside from the prior close.
• Analyst sentiment is mostly cautious: MarketBeat reports an average “Hold” rating and an average price target of $24.83, with four Buy, seven Hold, and one Sell rating.
• BXSL reported quarterly EPS of $0.68, beating the $0.66 consensus estimate, while revenue of $315.18 million fell short of analysts’ $317.81 million expectation.

Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) had its price objective reduced by analysts at UBS Group from $25.50 to $25.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price target would indicate a potential upside of 3.62% from the stock's previous close.

A number of other analysts have also recently issued reports on BXSL. Citizens Jmp assumed coverage on Blackstone Secured Lending Fund in a research report on Monday, October 26th. They set a "market perform" rating on the stock. Wall Street Zen upgraded Blackstone Secured Lending Fund from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Zacks Research raised Blackstone Secured Lending Fund from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 5th. Citigroup initiated coverage on Blackstone Secured Lending Fund in a research report on Monday, October 26th. They issued a "market perform" rating for the company. Finally, Oppenheimer initiated coverage on shares of Blackstone Secured Lending Fund in a research note on Thursday, July 23rd. They set a "market perform" rating and a $25.00 price target on the stock. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $24.83.

Blackstone Secured Lending Fund Stock Up 0.9%

Shares of BXSL opened at $24.13 on Thursday. Blackstone Secured Lending Fund has a 12-month low of $22.47 and a 12-month high of $28.59. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 20.11 and a beta of 0.39. The stock's 50-day moving average price is $24.13 and its 200 day moving average price is $24.11.

Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.66 by $0.02. Blackstone Secured Lending Fund had a return on equity of 11.44% and a net margin of 21.03%. The firm had revenue of $315.18 million during the quarter, compared to analysts' expectations of $317.81 million. Equities research analysts expect that Blackstone Secured Lending Fund will post 2.85 EPS for the current year.

Institutional Investors Weigh In On Blackstone Secured Lending Fund

Institutional investors have recently added to or reduced their stakes in the stock. Allied Private Wealth LLC bought a new position in Blackstone Secured Lending Fund during the 2nd quarter worth approximately $32,000. FNY Investment Advisers LLC bought a new stake in shares of Blackstone Secured Lending Fund in the 2nd quarter valued at $33,000. Latitude Advisors LLC bought a new stake in shares of Blackstone Secured Lending Fund in the 3rd quarter valued at $37,000. Quantum Portfolio Management LLC acquired a new stake in Blackstone Secured Lending Fund during the 1st quarter worth $38,000. Finally, First Bancorp Inc ME acquired a new stake in Blackstone Secured Lending Fund during the 2nd quarter worth $38,000. 36.49% of the stock is owned by institutional investors and hedge funds.

About Blackstone Secured Lending Fund

Blackstone Secured Lending Fund NYSE: BXSL is a business development company that invests in privately owned middle-market companies. The fund seeks to generate current income and long-term capital appreciation primarily through investments in senior secured, floating-rate loans.

BXSL's portfolio may also include second-lien loans, unsecured debt and equity investments. Its investments are generally made in companies across a range of industries, with an emphasis on businesses that have established operations and cash flows.

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