Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $32.75 and last traded at $32.74, with a volume of 121816 shares changing hands. The stock had previously closed at $32.49.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on BXSL. Compass Point dropped their target price on 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. Wells Fargo & Company lowered Blackstone Secured Lending Fund from an "overweight" rating to an "equal weight" rating and set a $29.00 price objective on the stock. in a report on Monday, December 2nd. 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 has an average rating of "Moderate Buy" and a consensus target price of $31.54.
Read Our Latest Stock Report on Blackstone Secured Lending Fund
Blackstone Secured Lending Fund Price Performance
The company has a market capitalization of $7.15 billion, a PE ratio of 9.17 and a beta of 0.43. The stock has a 50-day simple moving average of $31.46 and a 200 day simple moving average of $30.75.
Blackstone Secured Lending Fund Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, December 31st will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 9.33%. The ex-dividend date of this dividend is Tuesday, December 31st. Blackstone Secured Lending Fund's dividend payout ratio (DPR) is presently 85.56%.
Institutional Investors Weigh In On Blackstone Secured Lending Fund
A number of large investors have recently bought and sold shares of the stock. Signaturefd LLC purchased a new position in Blackstone Secured Lending Fund in the 3rd quarter valued at about $29,000. Blue Trust Inc. lifted its stake in shares of Blackstone Secured Lending Fund by 1,466.7% during the third quarter. Blue Trust Inc. now owns 1,175 shares of the company's stock valued at $36,000 after buying an additional 1,100 shares during the period. Farmers & Merchants Investments Inc. purchased a new stake in Blackstone Secured Lending Fund in the 2nd quarter worth approximately $37,000. Quarry LP purchased a new stake in Blackstone Secured Lending Fund in the 3rd quarter worth approximately $48,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in Blackstone Secured Lending Fund in the 3rd quarter valued at $72,000. Institutional investors and hedge funds own 36.49% of the company's stock.
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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