S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
South Korean doctors hold massive anti-government rally over medical school recruitment plan

Blackstone Secured Lending Fund (BXSL) Stock Price, News & Analysis

$29.65
+0.05 (+0.17%)
(As of 03/1/2024 ET)
Today's Range
$29.36
$29.69
50-Day Range
$27.64
$29.96
52-Week Range
$23.61
$30.23
Volume
795,374 shs
Average Volume
872,791 shs
Market Capitalization
$5.68 billion
P/E Ratio
8.12
Dividend Yield
10.39%
Price Target
$30.42

Blackstone Secured Lending Fund MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
2.6% Upside
$30.42 Price Target
Short Interest
Healthy
1.02% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.00mentions of Blackstone Secured Lending Fund in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-11.29%
From $3.63 to $3.22 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.06 out of 5 stars

Financial Services Sector

21st out of 27 stocks

Asset Management Industry

4th out of 5 stocks


BXSL stock logo

About Blackstone Secured Lending Fund Stock (NYSE:BXSL)

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). In addition, the Fund elected to be treated for U.S. federal income tax purposes, as a regulated investment company (RIC), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the Code). The fund also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The fund's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective primarily through originated loans, equity and other securities, including syndicated loans, of private U.S. companies, specifically small and middle market companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities.

BXSL Stock Price History

BXSL Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Q4 2023 Blackstone Secured Lending Fund Earnings Call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
PennantPark (PNNT) Tops Q1 Earnings and Revenue Estimates
BXSL: Q3 Update - Another Quarter Of Outperformance
4 Analysts Have This to Say About Blackstone Secured
See More Headlines
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Company Calendar

Last Earnings
2/27/2023
Ex-Dividend for 1/26 Dividend
12/28/2023
Dividend Payable
1/26/2024
Today
3/02/2024
Ex-Dividend for 4/26 Dividend
3/27/2024
Dividend Payable
4/26/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.42
High Stock Price Target
$32.00
Low Stock Price Target
$28.50
Potential Upside/Downside
+2.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$404.56 million
Pretax Margin
53.51%

Debt

Sales & Book Value

Annual Sales
$1.14 billion
Cash Flow
$3.87 per share
Book Value
$25.85 per share

Miscellaneous

Free Float
173,406,000
Market Cap
$5.68 billion
Optionable
Optionable
Beta
0.47
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BXSL Stock Analysis - Frequently Asked Questions

Should I buy or sell Blackstone Secured Lending Fund stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blackstone Secured Lending Fund in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BXSL shares.
View BXSL analyst ratings
or view top-rated stocks.

What is Blackstone Secured Lending Fund's stock price target for 2024?

6 equities research analysts have issued 12 month target prices for Blackstone Secured Lending Fund's stock. Their BXSL share price targets range from $28.50 to $32.00. On average, they anticipate the company's share price to reach $30.42 in the next twelve months. This suggests a possible upside of 2.6% from the stock's current price.
View analysts price targets for BXSL
or view top-rated stocks among Wall Street analysts.

How have BXSL shares performed in 2024?

Blackstone Secured Lending Fund's stock was trading at $27.64 on January 1st, 2024. Since then, BXSL stock has increased by 7.3% and is now trading at $29.65.
View the best growth stocks for 2024 here
.

Are investors shorting Blackstone Secured Lending Fund?

Blackstone Secured Lending Fund saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 1,470,000 shares, an increase of 85.7% from the January 31st total of 791,600 shares. Based on an average trading volume of 1,140,000 shares, the short-interest ratio is presently 1.3 days. Approximately 1.0% of the shares of the company are sold short.
View Blackstone Secured Lending Fund's Short Interest
.

When is Blackstone Secured Lending Fund's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our BXSL earnings forecast
.

How were Blackstone Secured Lending Fund's earnings last quarter?

Blackstone Secured Lending Fund (NYSE:BXSL) released its quarterly earnings results on Monday, February, 27th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.02. The firm earned $251 million during the quarter, compared to the consensus estimate of $251.75 million. Blackstone Secured Lending Fund had a net margin of 53.50% and a trailing twelve-month return on equity of 14.44%. During the same period last year, the firm earned $0.67 earnings per share.

How often does Blackstone Secured Lending Fund pay dividends? What is the dividend yield for Blackstone Secured Lending Fund?

Blackstone Secured Lending Fund declared a quarterly dividend on Wednesday, February 28th. Stockholders of record on Sunday, March 31st will be paid a dividend of $0.77 per share on Friday, April 26th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 10.39%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for BXSL
.

Is Blackstone Secured Lending Fund a good dividend stock?

Blackstone Secured Lending Fund (NYSE:BXSL) pays an annual dividend of $3.08 per share and currently has a dividend yield of 10.40%. BXSL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 84.38%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BXSL will have a dividend payout ratio of 95.65% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BXSL.

What ETFs hold Blackstone Secured Lending Fund's stock?

ETFs with the largest weight of Blackstone Secured Lending Fund (NYSE:BXSL) stock in their portfolio include Putnam BDC Income ETF (PBDC), VanEck BDC Income ETF (BIZD) and WisdomTree Alternative Income Fund (HYIN).Invesco Global Listed Private Equity ETF (PSP).

Who are Blackstone Secured Lending Fund's major shareholders?

Blackstone Secured Lending Fund's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Nomura Asset Management Co. Ltd. (2.78%), Creative Planning (1.23%), Van ECK Associates Corp (0.77%), Amplius Wealth Advisors LLC (0.68%), Royal Bank of Canada (0.64%) and 1832 Asset Management L.P. (0.55%). Insiders that own company stock include Brad Marshall, Brad Marshall, Carlos Whitaker, Katherine Rubenstein, Katherine Rubenstein and Robert J Bass.
View institutional ownership trends
.

How do I buy shares of Blackstone Secured Lending Fund?

Shares of BXSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BXSL) was last updated on 3/3/2024 by MarketBeat.com Staff