Blackstone Secured Lending Fund (NYSE:BXSL) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded BXSL from “strong sell” to “hold.” The broader analyst consensus is also “Hold,” with a consensus price target of $24.78.
• BXSL reported quarterly earnings of $0.75 per share, beating the $0.66 consensus estimate, while revenue of $233.3 million fell short of expectations. Shares opened at $24.17, near the $25.53 net asset value per share.
• The fund declared a $0.77 quarterly dividend, implying an annualized yield of roughly 12.7%. Credit quality remained relatively stable, with no new non-accrual assets and 96.8% of investments in first-lien senior secured debt.

Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. B. Riley Financial decreased their price objective on Blackstone Secured Lending Fund from $24.50 to $23.50 and set a "neutral" rating on the stock in a report on Tuesday, May 12th. UBS Group dropped their target price on Blackstone Secured Lending Fund from $24.75 to $24.50 and set a "neutral" rating for the company in a research note on Monday, May 18th. Wall Street Zen upgraded Blackstone Secured Lending Fund from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. Truist Financial decreased their price target on Blackstone Secured Lending Fund from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, May 19th. Finally, Wells Fargo & Company decreased their price target on Blackstone Secured Lending Fund from $24.00 to $22.00 and set an "underweight" rating on the stock in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $24.78.

Blackstone Secured Lending Fund Stock Performance

Shares of NYSE BXSL opened at $24.17 on Wednesday. Blackstone Secured Lending Fund has a 1 year low of $22.47 and a 1 year high of $30.69. The firm's 50 day moving average price is $23.59 and its 200 day moving average price is $24.06. The firm has a market cap of $5.62 billion, a P/E ratio of 12.66 and a beta of 0.38.

Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $233.30 million during the quarter, compared to analysts' expectations of $326.72 million. Blackstone Secured Lending Fund had a net margin of 31.63% and a return on equity of 11.73%. As a group, equities analysts predict that Blackstone Secured Lending Fund will post 2.75 EPS for the current year.

Insiders Place Their Bets

In other news, insider Robert J. Bass purchased 2,095 shares of the stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $23.80 per share, with a total value of $49,861.00. Following the completion of the transaction, the insider owned 25,107 shares in the company, valued at approximately $597,546.60. The trade was a 9.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company's stock.

Institutional Trading of Blackstone Secured Lending Fund

A number of institutional investors have recently modified their holdings of BXSL. Global Strategic Investment Solutions LLC increased its stake in Blackstone Secured Lending Fund by 0.9% during the 4th quarter. Global Strategic Investment Solutions LLC now owns 422,584 shares of the company's stock worth $11,127,000 after buying an additional 3,747 shares during the period. Cornerstone Advisory LLC lifted its holdings in Blackstone Secured Lending Fund by 409.0% in the 4th quarter. Cornerstone Advisory LLC now owns 114,281 shares of the company's stock worth $3,009,000 after buying an additional 91,831 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Blackstone Secured Lending Fund by 32.9% in the 4th quarter. HB Wealth Management LLC now owns 20,438 shares of the company's stock worth $538,000 after buying an additional 5,063 shares in the last quarter. BigSur Wealth Management LLC boosted its position in Blackstone Secured Lending Fund by 2.8% in the 4th quarter. BigSur Wealth Management LLC now owns 124,349 shares of the company's stock valued at $3,370,000 after buying an additional 3,370 shares during the last quarter. Finally, CWC Advisors LLC. boosted its position in Blackstone Secured Lending Fund by 3.0% in the 4th quarter. CWC Advisors LLC. now owns 166,498 shares of the company's stock valued at $4,384,000 after buying an additional 4,782 shares during the last quarter. Hedge funds and other institutional investors own 36.49% of the company's stock.

Key Blackstone Secured Lending Fund News

Here are the key news stories impacting Blackstone Secured Lending Fund this week:

• Positive Sentiment: BXSL reported second-quarter net investment income of $0.75 per share, exceeding the $0.66 analyst consensus, although it was slightly below $0.77 a year earlier. BXSL Surpasses Q2 Earnings Estimates
• Positive Sentiment: The company declared a quarterly dividend of $0.77 per share, payable October 23 to shareholders of record September 30. The dividend implies an annualized payout of approximately $3.08 per share and a yield near 12.7%, supporting BXSL’s appeal to income-focused investors. BXSL Reports Second-Quarter 2026 Results
• Positive Sentiment: Credit quality remained relatively stable: no new assets were placed on non-accrual, non-accrual investments represented 1.8% of the portfolio, and first-lien senior secured debt accounted for 96.8% of investments at fair value. BXSL also ended the quarter with approximately $2.8 billion of liquidity.
• Positive Sentiment: Management reported more than $300 million of new investment fundings and over $700 million of repayments, while net asset value was approximately $25.53 per share—above the recent trading level. BXSL Reports Second-Quarter Net Income
• Negative Sentiment: GAAP net income fell sharply to $9 million, or $0.04 per share, compared with the $0.66 consensus estimate. Revenue of $233.3 million also missed the $326.7 million estimate, likely reflecting valuation or investment-related impacts despite healthy recurring net investment income. Blackstone BDC Profit Drops While Loan Performance Steadies

Blackstone Secured Lending Fund Company Profile

Blackstone Secured Lending Fund NYSE: BXSL is a closed-end management investment company sponsored by Blackstone Credit, the credit-oriented business of Blackstone Inc Launched in May 2020, BXSL seeks to deliver attractive risk-adjusted returns primarily through current income and, to a lesser extent, capital appreciation. The fund raises capital from institutional and retail investors and deploys it into a diversified portfolio of senior secured loans and other credit instruments.

The fund’s principal investment focus is on first-lien senior secured loans and unitranche debt extended to middle-market companies across North America.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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