Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) will likely be releasing its earnings data before the market opens on Wednesday, February 26th. Analysts expect Blackstone Secured Lending Fund to post earnings of $0.86 per share and revenue of $346.52 million for the quarter.
Blackstone Secured Lending Fund Stock Down 0.7 %
Shares of NYSE BXSL traded down $0.24 during trading hours on Friday, reaching $34.22. 883,470 shares of the stock traded hands, compared to its average volume of 1,052,714. The company has a market capitalization of $7.66 billion, a P/E ratio of 9.51 and a beta of 0.43. Blackstone Secured Lending Fund has a 52-week low of $27.76 and a 52-week high of $34.64. The company's 50-day simple moving average is $32.80 and its two-hundred day simple moving average is $31.34.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on BXSL. Wells Fargo & Company raised their price objective on Blackstone Secured Lending Fund from $29.00 to $31.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on Blackstone Secured Lending Fund from $33.00 to $33.50 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Compass Point decreased their price objective on 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.13.
Check Out Our Latest Report on Blackstone Secured Lending Fund
About Blackstone Secured Lending Fund
(
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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).
Further Reading
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