Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.90 per share for the quarter.
Blackstone Secured Lending Fund Price Performance
Shares of BXSL opened at $31.42 on Monday. The business has a 50-day moving average of $30.34 and a 200-day moving average of $30.67. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 8.14 and a beta of 0.42. Blackstone Secured Lending Fund has a 1 year low of $27.23 and a 1 year high of $32.67.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Blackstone Secured Lending Fund from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Blackstone Secured Lending Fund from $31.50 to $32.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $33.00 price target on shares of Blackstone Secured Lending Fund in a report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Secured Lending Fund presently has an average rating of “Moderate Buy” and a consensus target price of $31.80.
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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