Blackstone Secured Lending Fund (BXSL) Expected to Announce Quarterly Earnings on Wednesday

Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) will likely be announcing its Q1 2025 earnings results before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.82 per share and revenue of $358.40 million for the quarter.

Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.02). Blackstone Secured Lending Fund had a net margin of 53.91% and a return on equity of 13.15%. The business had revenue of $353.00 million during the quarter, compared to the consensus estimate of $346.52 million. On average, analysts expect Blackstone Secured Lending Fund to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Blackstone Secured Lending Fund Stock Up 2.1 %

Shares of NYSE BXSL traded up $0.60 during midday trading on Friday, reaching $29.62. 1,071,225 shares of the company's stock traded hands, compared to its average volume of 1,061,531. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 8.23 and a beta of 0.43. Blackstone Secured Lending Fund has a one year low of $25.89 and a one year high of $34.64. The stock's 50 day simple moving average is $30.88 and its 200-day simple moving average is $31.76.

Blackstone Secured Lending Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 31st were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $3.08 annualized dividend and a yield of 10.40%. Blackstone Secured Lending Fund's dividend payout ratio (DPR) is presently 88.76%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BXSL. Keefe, Bruyette & Woods dropped their price objective on Blackstone Secured Lending Fund from $32.00 to $31.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Truist Financial lifted their price objective on shares of Blackstone Secured Lending Fund from $33.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Wells Fargo & Company decreased their target price on shares of Blackstone Secured Lending Fund from $31.00 to $29.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price target on shares of Blackstone Secured Lending Fund from $33.50 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Blackstone Secured Lending Fund presently has a consensus rating of "Moderate Buy" and an average price target of $31.71.

Blackstone Secured Lending Fund Company Profile

Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).