Blackstone Secured Lending Fund (NYSE:BXSL) Stock Rating Upgraded by Wall Street Zen

Blackstone Secured Lending Fund (NYSE:BXSL) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods cut their price objective on shares of Blackstone Secured Lending Fund from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. B. Riley Financial dropped their target price on shares of Blackstone Secured Lending Fund from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Bank of America cut their price target on shares of Blackstone Secured Lending Fund from $33.50 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Wells Fargo & Company downgraded shares of Blackstone Secured Lending Fund from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $26.00 to $24.00 in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada reduced their target price on Blackstone Secured Lending Fund from $32.00 to $29.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.13.

Blackstone Secured Lending Fund Stock Performance

Shares of NYSE BXSL opened at $23.75 on Friday. Blackstone Secured Lending Fund has a fifty-two week low of $23.42 and a fifty-two week high of $34.59. The firm has a market capitalization of $5.49 billion, a PE ratio of 8.93 and a beta of 0.41. The stock’s 50-day simple moving average is $26.06 and its 200-day simple moving average is $27.16.

Institutional Investors Weigh In On Blackstone Secured Lending Fund

Several hedge funds have recently made changes to their positions in the business. Delphi Management Inc. MA lifted its position in Blackstone Secured Lending Fund by 0.9% during the fourth quarter. Delphi Management Inc. MA now owns 45,939 shares of the company’s stock valued at $1,210,000 after buying an additional 421 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of Blackstone Secured Lending Fund by 5.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 7,704 shares of the company’s stock valued at $201,000 after acquiring an additional 430 shares in the last quarter. Comprehensive Money Management Services LLC boosted its position in Blackstone Secured Lending Fund by 2.7% during the 3rd quarter. Comprehensive Money Management Services LLC now owns 16,916 shares of the company’s stock worth $441,000 after purchasing an additional 440 shares during the period. Walter & Keenan Wealth Management LLC IN ADV increased its holdings in Blackstone Secured Lending Fund by 1.8% in the 4th quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 25,632 shares of the company’s stock valued at $675,000 after purchasing an additional 443 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its position in Blackstone Secured Lending Fund by 2.4% in the fourth quarter. Wealthspire Advisors LLC now owns 19,343 shares of the company’s stock valued at $509,000 after purchasing an additional 461 shares during the period. Institutional investors and hedge funds own 36.49% of the company’s stock.

Blackstone Secured Lending Fund Company Profile

Blackstone Secured Lending Fund (NYSE: BXSL) is a closed-end management investment company sponsored by Blackstone Credit, the credit-oriented business of Blackstone Inc Launched in May 2020, BXSL seeks to deliver attractive risk-adjusted returns primarily through current income and, to a lesser extent, capital appreciation. The fund raises capital from institutional and retail investors and deploys it into a diversified portfolio of senior secured loans and other credit instruments.

The fund’s principal investment focus is on first-lien senior secured loans and unitranche debt extended to middle-market companies across North America.