Morgan Stanley Direct Lending (MSDL) to Issue — Dividend of $0.50 on October 25th

Morgan Stanley Direct Lending (NYSE:MSDL) declared a — dividend on Monday, March 4th, Wall Street Journal reports. Shareholders of record on Monday, August 5th will be given a dividend of 0.50 per share on Friday, October 25th. The ex-dividend date is Monday, August 5th.

Morgan Stanley Direct Lending Stock Performance

MSDL opened at $20.15 on Friday. The firm has a market cap of $1.80 billion and a P/E ratio of 6.50. Morgan Stanley Direct Lending has a 1-year low of $19.05 and a 1-year high of $24.18. The company has a 50 day simple moving average of $21.86 and a two-hundred day simple moving average of $22.36. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.39 and a quick ratio of 1.39.

Morgan Stanley Direct Lending (NYSE:MSDL) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.63 earnings per share 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 during the quarter, compared to analyst estimates of $98.65 million. Equities analysts forecast that Morgan Stanley Direct Lending will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MSDL shares. Raymond James lowered shares of Morgan Stanley Direct Lending from an “outperform” rating to a “market perform” rating in a research report on Monday, May 13th. Royal Bank of Canada upped their target price on shares of Morgan Stanley Direct Lending from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. lowered 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 research report on Monday, July 29th. UBS Group lowered shares of Morgan Stanley Direct Lending from a “buy” rating to a “neutral” rating and set a $23.50 price objective for the company. in a research report on Thursday, July 18th. Finally, Wells Fargo & Company reduced 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 research note on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Morgan Stanley Direct Lending currently has a consensus rating of “Hold” and a consensus price target of $21.58.

About Morgan Stanley Direct Lending

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.