Morgan Stanley Direct Lending (MSDL) To Go Ex-Dividend on November 4th

Morgan Stanley Direct Lending (NYSE:MSDL) declared a — dividend on Monday, August 5th, Wall Street Journal reports. Investors of record on Monday, November 4th will be given a dividend of 0.10 per share on Friday, January 24th. This represents a yield of 10.1%. The ex-dividend date of this dividend is Monday, November 4th.

Morgan Stanley Direct Lending Price Performance

NYSE MSDL opened at $20.02 on Friday. The company has a 50 day moving average price of $19.96 and a two-hundred day moving average price of $20.05. Morgan Stanley Direct Lending has a 12-month low of $19.05 and a 12-month high of $24.18. The stock has a market capitalization of $1.79 billion and a PE ratio of 6.74. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.89.

Morgan Stanley Direct Lending (NYSE:MSDL) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. The firm had revenue of $104.19 million during the quarter, compared to analysts’ expectations of $101.60 million. Morgan Stanley Direct Lending had a net margin of 60.60% and a return on equity of 12.57%. As a group, equities analysts predict that Morgan Stanley Direct Lending will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price objective on shares of Morgan Stanley Direct Lending in a report on Friday, September 13th. UBS Group lowered 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. JPMorgan Chase & Co. decreased their price objective on shares of Morgan Stanley Direct Lending from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, July 29th. Finally, Wells Fargo & Company dropped their target price on shares of Morgan Stanley Direct Lending from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.42.

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.