Blackstone Secured Lending Fund (NYSE:BXSL) Trading Up 0.2%

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Blackstone Secured Lending Fund (NYSE:BXSLGet Rating)’s share price was up 0.2% during mid-day trading on Monday . The company traded as high as $24.75 and last traded at $24.72. Approximately 1,222 shares traded hands during trading, a decline of 100% from the average daily volume of 249,121 shares. The stock had previously closed at $24.67.

A number of equities research analysts have recently issued reports on BXSL shares. Raymond James raised shares of Blackstone Secured Lending Fund from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Friday, May 13th. Wells Fargo & Company raised shares of Blackstone Secured Lending Fund from an “equal weight” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Wednesday, March 2nd. Citigroup raised shares of Blackstone Secured Lending Fund from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Thursday, March 3rd. Finally, Royal Bank of Canada lowered their price target on shares of Blackstone Secured Lending Fund from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, March 3rd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $29.81.

The stock’s 50-day simple moving average is $26.38 and its 200 day simple moving average is $29.10.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Blackstone Secured Lending Fund by 9,106.7% during the first quarter. Bank of America Corp DE now owns 436,307 shares of the company’s stock worth $12,165,000 after purchasing an additional 431,568 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Blackstone Secured Lending Fund by 89.0% during 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 during the period. Chicago Partners Investment Group LLC purchased a new stake in shares of Blackstone Secured Lending Fund during the first quarter worth approximately $200,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Blackstone Secured Lending Fund during the first quarter worth approximately $1,029,000. Finally, Royal Bank of Canada increased its stake in shares of Blackstone Secured Lending Fund by 147.4% during the first quarter. Royal Bank of Canada now owns 98,741 shares of the company’s stock worth $2,753,000 after buying an additional 58,836 shares during the period. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Secured Lending Fund Company Profile (NYSE:BXSL)

Blackstone Secured Lending Fund (together with its consolidated subsidiaries, the Company), is 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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