Blackstone Secured Lending Fund (NYSE:BXSL) Expected to Announce Quarterly Sales of $183.44 Million

Equities research analysts expect Blackstone Secured Lending Fund (NYSE:BXSL – Get Rating) to report $183.44 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Blackstone Secured Lending Fund’s earnings, with the lowest sales estimate coming in at $179.00 million and the highest estimate coming in at $187.88 million. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Blackstone Secured Lending Fund will report full year sales of $730.30 million for the current year, with estimates ranging from $699.60 million to $761.00 million. For the next year, analysts anticipate that the business will report sales of $753.92 million, with estimates ranging from $704.90 million to $802.93 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Blackstone Secured Lending Fund.

Blackstone Secured Lending Fund (NYSE:BXSL – Get Rating) last released its earnings results on Monday, February 28th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. The firm had revenue of $192.00 million during the quarter, compared to analysts’ expectations of $176.57 million.

BXSL has been the topic of several analyst reports. Citigroup raised shares of Blackstone Secured Lending Fund from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Thursday, March 3rd. Wells Fargo & Company raised shares of Blackstone Secured Lending Fund from an “equal weight” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Wednesday, March 2nd. Raymond James raised shares of Blackstone Secured Lending Fund from an “underperform” rating to a “market perform” rating in a research report on Monday, February 14th. Zacks Investment Research downgraded shares of Blackstone Secured Lending Fund from a “buy” rating to a “hold” rating in a research report on Thursday, March 3rd. Finally, Royal Bank of Canada lowered their price objective on shares of Blackstone Secured Lending Fund from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, March 3rd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $31.28.

Blackstone Secured Lending Fund stock opened at $27.40 on Friday. The stock has a 50 day moving average price of $28.73. Blackstone Secured Lending Fund has a fifty-two week low of $26.15 and a fifty-two week high of $38.32.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN acquired a new stake in Blackstone Secured Lending Fund in the fourth quarter valued at approximately $48,000. Advisor Group Holdings Inc. acquired a new stake in Blackstone Secured Lending Fund in the fourth quarter valued at approximately $36,000. Pinnacle Bancorp Inc. acquired a new stake in Blackstone Secured Lending Fund in the first quarter valued at approximately $28,000. Shikiar Asset Management Inc. acquired a new stake in Blackstone Secured Lending Fund in the first quarter valued at approximately $987,000. Finally, RVW Wealth LLC acquired a new stake in Blackstone Secured Lending Fund in the first quarter valued at approximately $276,000. Hedge funds and other institutional investors own 12.33% of the company’s stock.

Blackstone Secured Lending Fund Company Profile (Get Rating)

Blackstone Secured Lending Fund (together with its consolidated subsidiaries, the Company), is 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).

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