Morgan Stanley Direct Lending (NYSE:MSDL – Get Free Report) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $21.58.
A number of research analysts recently issued reports on MSDL shares. Royal Bank of Canada increased their price objective on Morgan Stanley Direct Lending from $21.00 to $23.00 and gave the stock 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. JPMorgan Chase & Co. decreased their target price on shares of Morgan Stanley Direct Lending from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday. UBS Group cut shares of Morgan Stanley Direct Lending from a “buy” rating to a “neutral” rating and set a $23.50 price target on the stock. in a research report on Thursday, July 18th. Finally, Wells Fargo & Company decreased their price objective on Morgan Stanley Direct Lending from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Friday, July 26th.
Check Out Our Latest Report on MSDL
Institutional Investors Weigh In On Morgan Stanley Direct Lending
Morgan Stanley Direct Lending Price Performance
Shares of MSDL opened at $20.59 on Friday. The stock has a 50 day simple moving average of $22.18 and a 200 day simple moving average of $22.41. Morgan Stanley Direct Lending has a 52-week low of $19.05 and a 52-week high of $24.18. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $1.84 billion and a PE ratio of 6.64.
Morgan Stanley Direct Lending (NYSE:MSDL – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $99.10 million during the quarter, compared to analysts’ expectations of $98.65 million. Morgan Stanley Direct Lending had a net margin of 62.34% and a return on equity of 12.87%. Sell-side analysts predict that Morgan Stanley Direct Lending will post 2.52 EPS for the current fiscal year.
Morgan Stanley Direct Lending Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Friday, June 28th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 9.71%. The ex-dividend date was Friday, June 28th. Morgan Stanley Direct Lending’s payout ratio is 64.52%.
Morgan Stanley Direct Lending Company Profile
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
- Five stocks we like better than Morgan Stanley Direct Lending
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- Dividend Capture Strategy: What You Need to Know
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- Quiet Period Expirations Explained
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Receive News & Ratings for Morgan Stanley Direct Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley Direct Lending and related companies with MarketBeat.com's FREE daily email newsletter.