Blackstone Secured Lending Fund (NYSE:BXSL) Expected to Announce Earnings of $0.62 Per Share

Brokerages predict that Blackstone Secured Lending Fund (NYSE:BXSL – Get Rating) will post $0.62 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Blackstone Secured Lending Fund’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.63. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Blackstone Secured Lending Fund will report full-year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.41 to $2.47. For the next year, analysts expect that the business will report earnings of $2.43 per share, with EPS estimates ranging from $2.31 to $2.49. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Blackstone Secured Lending Fund.

Blackstone Secured Lending Fund (NYSE:BXSL – Get Rating) last posted its quarterly earnings results on Monday, February 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.07. The company had revenue of $192.00 million for the quarter, compared to analyst estimates of $176.57 million.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN purchased a new position in Blackstone Secured Lending Fund during the fourth quarter valued at approximately $48,000. Advisor Group Holdings Inc. acquired a new stake in shares of Blackstone Secured Lending Fund during the 4th quarter worth about $36,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Blackstone Secured Lending Fund in the first quarter valued at $28,000. Shikiar Asset Management Inc. purchased a new position in Blackstone Secured Lending Fund in the 1st quarter valued at approximately $987,000. Finally, RVW Wealth LLC acquired a new position in Blackstone Secured Lending Fund during the 1st quarter worth approximately $276,000. Institutional investors own 12.33% of the company’s stock.

BXSL opened at $27.40 on Thursday. The business has a 50-day moving average of $28.73. Blackstone Secured Lending Fund has a 1-year low of $26.15 and a 1-year high of $38.32.

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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