Analysts Set Morgan Stanley Direct Lending (NYSE:MSDL) Price Target at $21.92

Shares of Morgan Stanley Direct Lending (NYSE:MSDLGet Free Report) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $21.92.

Several brokerages have weighed in on MSDL. Wells Fargo & Company lowered their target price on shares of Morgan Stanley Direct Lending from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 14th. UBS Group assumed coverage on shares of Morgan Stanley Direct Lending in a report on Tuesday, February 20th. They issued a “buy” rating and a $23.50 price target on the stock. Royal Bank of Canada upped their price target on shares of Morgan Stanley Direct Lending from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Raymond James downgraded shares of Morgan Stanley Direct Lending from an “outperform” rating to a “market perform” rating in a report on Monday, May 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Morgan Stanley Direct Lending from $20.50 to $21.00 and gave the company a “neutral” rating in a report on Friday, April 12th.

Check Out Our Latest Report on MSDL

Morgan Stanley Direct Lending Trading Down 2.9 %

Shares of Morgan Stanley Direct Lending stock opened at $22.61 on Thursday. Morgan Stanley Direct Lending has a 52-week low of $19.05 and a 52-week high of $23.45. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.81. The company’s 50-day simple moving average is $22.71 and its 200-day simple moving average is $21.81. The firm has a market cap of $2.02 billion and a price-to-earnings ratio of 7.29.

Morgan Stanley Direct Lending (NYSE:MSDLGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. Morgan Stanley Direct Lending had a net margin of 62.34% and a return on equity of 12.87%. The business had revenue of $99.10 million for the quarter, compared to analyst estimates of $98.65 million. As a group, equities research analysts anticipate that Morgan Stanley Direct Lending will post 2.52 earnings per share for the current year.

Morgan Stanley Direct Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Friday, June 28th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.85%. The ex-dividend date of this dividend is Friday, June 28th. Morgan Stanley Direct Lending’s payout ratio is 64.52%.

Hedge Funds Weigh In On Morgan Stanley Direct Lending

Several institutional investors and hedge funds have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new position in shares of Morgan Stanley Direct Lending during the first quarter valued at approximately $223,000. Virtu Financial LLC purchased a new position in shares of Morgan Stanley Direct Lending during the first quarter valued at approximately $223,000. Capstone Investment Advisors LLC purchased a new position in shares of Morgan Stanley Direct Lending during the first quarter valued at approximately $646,000. Van ECK Associates Corp purchased a new position in shares of Morgan Stanley Direct Lending during the first quarter valued at approximately $32,973,000. Finally, Cliffwater LLC purchased a new position in shares of Morgan Stanley Direct Lending during the first quarter valued at approximately $47,035,000.

Morgan Stanley Direct Lending Company Profile

(Get Free Report

Morgan Stanley Direct Lending Fund is a business development company. It is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies. Morgan Stanley Direct Lending Fund is based in NEW YORK.

Further Reading

Analyst Recommendations for Morgan Stanley Direct Lending (NYSE:MSDL)

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