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

Blackstone Secured Lending Fund (NYSE:BXSL) had its target price cut by analysts at UBS Group from $25.50 to $25.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group‘s price objective would suggest a potential upside of 3.62% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Blackstone Secured Lending Fund from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. Citigroup initiated coverage on shares of Blackstone Secured Lending Fund in a research report on Monday, October 26th. They set a “market perform” rating on the stock. Wall Street Zen raised shares of Blackstone Secured Lending Fund from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. 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 objective for the company. Finally, Citizens Jmp started coverage on Blackstone Secured Lending Fund in a report on Monday, October 26th. They issued a “market perform” rating for the company. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.83.

Blackstone Secured Lending Fund Stock Performance

NYSE BXSL opened at $24.13 on Thursday. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 20.11 and a beta of 0.39. The business has a 50 day simple moving average of $24.13 and a 200 day simple moving average of $24.11. Blackstone Secured Lending Fund has a 52-week low of $22.47 and a 52-week high of $28.59.

Blackstone Secured Lending Fund (NYSE:BXSL) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $315.18 million for the quarter, compared to analyst estimates of $317.81 million. Blackstone Secured Lending Fund had a net margin of 21.03% and a return on equity of 11.44%. On average, analysts predict that Blackstone Secured Lending Fund will post 2.85 EPS for the current year.

Institutional Investors Weigh In On Blackstone Secured Lending Fund

Large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its holdings in Blackstone Secured Lending Fund by 2.0% during the first quarter. Sanctuary Advisors LLC now owns 141,828 shares of the company’s stock worth $3,360,000 after buying an additional 2,786 shares during the last quarter. Hsbc Holdings PLC raised its position in Blackstone Secured Lending Fund by 2.5% during the first quarter. Hsbc Holdings PLC now owns 51,250 shares of the company’s stock worth $1,214,000 after acquiring an additional 1,250 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in Blackstone Secured Lending Fund by 68.7% in the first quarter. Kestra Advisory Services LLC now owns 29,676 shares of the company’s stock valued at $703,000 after acquiring an additional 12,083 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its stake in Blackstone Secured Lending Fund by 166.6% in the first quarter. Sterling Investment Advisors Ltd. now owns 29,970 shares of the company’s stock valued at $710,000 after acquiring an additional 18,730 shares during the last quarter. Finally, Cornerstone Advisory LLC lifted its stake in Blackstone Secured Lending Fund by 12.6% in the first quarter. Cornerstone Advisory LLC now owns 128,684 shares of the company’s stock valued at $3,049,000 after acquiring an additional 14,403 shares during the last quarter. Institutional investors and hedge funds own 36.49% of the company’s stock.

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.