Blackstone Secured Lending Fund (NYSE:BXSL) Receives $32.13 Average PT from Analysts

Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) has been given an average rating of "Moderate Buy" by the eight brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $32.13.

BXSL has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on 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 increased their price target on Blackstone Secured Lending Fund from $29.00 to $31.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Finally, Compass Point dropped their price objective on shares of Blackstone Secured Lending Fund from $33.50 to $32.25 and set a "buy" rating on the stock in a research note on Friday, November 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Blackstone Secured Lending Fund by 15.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,846 shares of the company's stock valued at $240,000 after purchasing an additional 1,030 shares in the last quarter. Truist Financial Corp purchased a new position in Blackstone Secured Lending Fund in the second quarter valued at about $462,000. Cornerstone Wealth Management LLC lifted its position in shares of Blackstone Secured Lending Fund by 6.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 46,614 shares of the company's stock valued at $1,365,000 after acquiring an additional 2,989 shares during the period. Naviter Wealth LLC boosted its stake in shares of Blackstone Secured Lending Fund by 5.7% during the 3rd quarter. Naviter Wealth LLC now owns 137,719 shares of the company's stock worth $4,140,000 after acquiring an additional 7,425 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Blackstone Secured Lending Fund by 1,466.7% in the 3rd quarter. Blue Trust Inc. now owns 1,175 shares of the company's stock worth $36,000 after acquiring an additional 1,100 shares during the period. Hedge funds and other institutional investors own 36.49% of the company's stock.

Blackstone Secured Lending Fund Trading Down 0.0 %

Shares of BXSL traded down $0.00 during mid-day trading on Friday, hitting $33.88. 677,722 shares of the company's stock were exchanged, compared to its average volume of 978,555. Blackstone Secured Lending Fund has a fifty-two week low of $27.76 and a fifty-two week high of $34.11. The business's 50 day moving average is $32.66 and its two-hundred day moving average is $31.27. The firm has a market capitalization of $7.58 billion, a P/E ratio of 9.41 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).