Shares of Blackstone Secured Lending Fund (NYSE:BXSL – Get Rating) have been given an average rating of "Hold" by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $29.81.
Separately, Raymond James raised Blackstone Secured Lending Fund from a "market perform" rating to an "outperform" rating and set a $26.00 price target on the stock in a report on Friday, May 13th.
Get Blackstone Secured Lending Fund alerts:Institutional investors and hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. purchased a new position in Blackstone Secured Lending Fund during the fourth quarter valued at $230,893,000. USS Investment Management Ltd purchased a new stake in shares of Blackstone Secured Lending Fund in the first quarter worth about $83,706,000. OMERS ADMINISTRATION Corp lifted its position in shares of Blackstone Secured Lending Fund by 1.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 1,169,353 shares of the company's stock worth $32,602,000 after buying an additional 22,126 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Blackstone Secured Lending Fund by 9,106.7% in the first quarter. Bank of America Corp DE now owns 436,307 shares of the company's stock worth $12,165,000 after buying an additional 431,568 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in shares of Blackstone Secured Lending Fund by 89.0% in the first quarter. Neuberger Berman Group LLC now owns 358,586 shares of the company's stock worth $9,997,000 after buying an additional 168,883 shares in the last quarter. 23.95% of the stock is owned by institutional investors.
Shares of BXSL opened at $24.34 on Tuesday. The stock's 50-day simple moving average is $25.11 and its 200 day simple moving average is $28.10. Blackstone Secured Lending Fund has a 52-week low of $23.08 and a 52-week high of $38.32.Blackstone Secured Lending Fund Company Profile (Get Rating)
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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