Morgan Stanley Direct Lending Fund's Ability to Use Morgan Stanley's Network for Differentiated Origination is Likeable, RBC Says

MT Newswires Live
Aug 14

Morgan Stanley Direct Lending Fund's (MSDL) ability to leverage Morgan Stanley's network for a potentially differentiated origination or sourcing funnel is likeable, RBC Capital Markets said in a Thursday research report.

The company continued to ramp up its Capstone joint venture, expected to generate a roughly 13% dividend yield at the company level once fully ramped, but management hinted that the timeframe for the ramp will depend on investment opportunities, analysts wrote.

The ongoing JV ramp could boost the company's return on equity, with potential risks manageable, given limited portfolio allocation, according to the note.

The brokerage said it maintained its sector perform rating on the stock and price target of $16 per share.

Price: 15.45, Change: -0.13, Percent Change: -0.80

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10