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

$30.76
-0.16 (-0.52%)
(As of 10:46 AM ET)
Today's Range
$30.70
$30.93
50-Day Range
$27.98
$31.42
52-Week Range
$24.83
$31.71
Volume
117,455 shs
Average Volume
941,249 shs
Market Capitalization
$5.89 billion
P/E Ratio
8.43
Dividend Yield
10.01%
Price Target
$30.42

Blackstone Secured Lending Fund MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
1.1% Downside
$30.42 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-6.63%
From $3.62 to $3.38 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.

2.22 out of 5 stars

Finance Sector

1801st out of 2,625 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

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These AI trades triggered this morning (545% return)
If you think a market crash is possible in 2024, I don't know why you're not using this yet.
Q4 2023 Blackstone Secured Lending Fund Earnings Call
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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

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

Industry, Sector and Symbol

Sector
Finance
Industry
N/A
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
-1.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$611.95 million
Pretax Margin
53.51%

Debt

Sales & Book Value

Annual Sales
$1.14 billion
Cash Flow
$3.87 per share
Book Value
$28.52 per share

Miscellaneous

Free Float
191,333,000
Market Cap
$5.92 billion
Optionable
Optionable
Beta
0.49
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BXSL Stock Analysis - Frequently Asked Questions

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

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blackstone Secured Lending Fund in the last year. There are currently 1 hold rating and 6 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?

7 brokers have issued 12-month price targets 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 stock price to reach $30.42 in the next twelve months. This suggests that the stock has a possible downside of 1.1%.
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 at the beginning of 2024. Since then, BXSL stock has increased by 11.3% and is now trading at $30.76.
View the best growth stocks for 2024 here
.

Are investors shorting Blackstone Secured Lending Fund?

Blackstone Secured Lending Fund saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,740,000 shares, a drop of 29.0% from the March 15th total of 2,450,000 shares. Based on an average trading volume of 942,500 shares, the short-interest ratio is presently 1.8 days. Currently, 1.1% of the company's stock 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) issued its quarterly earnings results on Wednesday, February, 28th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $304 million for the quarter, compared to analyst estimates of $290.58 million. Blackstone Secured Lending Fund had a trailing twelve-month return on equity of 14.44% and a net margin of 53.50%.

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. Investors 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 yield of 10.01%. The ex-dividend date of this dividend 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 9.99%. 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 91.12% 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 number of retail and institutional investors. Top institutional shareholders include Destiny Wealth Partners LLC (0.19%), Confluence Investment Management LLC (0.10%), Campbell Capital Management Inc. (0.01%), Cooper Financial Group (0.01%) and Park Avenue Securities LLC (0.00%). 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 4/12/2024 by MarketBeat.com Staff

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