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 twelve months. 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 brokerages have issued twelve-month price objectives for Blackstone Secured Lending Fund's shares. Their BXSL share price targets range from $29.50 to $32.00. On average, they predict the company's share price to reach $30.92 in the next twelve months. This suggests that the stock has a possible downside of 0.8%. 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 start of the year. Since then, BXSL stock has increased by 12.8% and is now trading at $31.18. View the best growth stocks for 2024 here .

Are investors shorting Blackstone Secured Lending Fund?

Blackstone Secured Lending Fund saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,740,000 shares, a decline of 29.0% from the March 15th total of 2,450,000 shares. Based on an average trading volume of 942,500 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.1% of the shares of the 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) announced its earnings results on Wednesday, February, 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The company earned $304 million during the quarter, compared to analysts' expectations 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 announced a quarterly dividend on Wednesday, February 28th. Shareholders of record on Sunday, March 31st will be given a dividend of $0.77 per share on Friday, April 26th. This represents a $3.08 annualized dividend and a dividend yield of 9.88%. 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 10.02%. 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 institutional and retail investors. Top institutional shareholders include Destiny Wealth Partners LLC (0.19%), Confluence Investment Management LLC (0.10%), Allspring Global Investments Holdings LLC (0.09%), Hennion & Walsh Asset Management Inc. (0.07%), MGO Private Wealth LLC (0.06%) and Naviter Wealth LLC (0.05%). 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 .

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NYSE:BXSL

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

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$31.18

+0.33 (+1.07%)

(As of 04/18/2024 ET)

Compare

Today's Range: $30.80
▼
$31.20
50-Day Range: $28.40
▼
$31.42
52-Week Range: $24.83
▼
$31.71

Volume: 715,023 shs
Average Volume: 943,049 shs
Market Capitalization: $5.97 billion

P/E Ratio: 8.54
Dividend Yield: 9.88%
Price Target: $30.92

Get Blackstone Secured Lending Fund alerts:

Blackstone Secured Lending Fund MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 0.8% Downside
$30.92 Price Target
Short Interest: Healthy
1.10% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.10
Based on 5 Articles This Week
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.

2.77 out of 5 stars

Finance Sector

561st out of 822 stocks

2.4

Analyst's Opinion

Consensus Rating
Blackstone Secured Lending Fund has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Blackstone Secured Lending Fund has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.10% of the float of Blackstone Secured Lending Fund has been sold short.
Short Interest Ratio / Days to Cover
Blackstone Secured Lending Fund has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Blackstone Secured Lending Fund has recently decreased by 28.98%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Blackstone Secured Lending Fund is a leading dividend payer. It pays a dividend yield of 10.02%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Blackstone Secured Lending Fund has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Blackstone Secured Lending Fund is 84.38%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Blackstone Secured Lending Fund will have a dividend payout ratio of 91.12% in the coming year. This indicates that Blackstone Secured Lending Fund may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BXSL.

3.9

News and Social Media Coverage

News Sentiment
Blackstone Secured Lending Fund has a news sentiment score of 1.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Blackstone Secured Lending Fund this week, compared to 1 article on an average week.
Search Interest
26 people have searched for BXSL on MarketBeat in the last 30 days. This is an increase of 4% compared to the previous 30 days.
MarketBeat Follows
26 people have added Blackstone Secured Lending Fund to their MarketBeat watchlist in the last 30 days. This is an increase of 8% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Blackstone Secured Lending Fund insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.14% of the stock of Blackstone Secured Lending Fund is held by insiders.
Percentage Held by Institutions
Only 36.49% of the stock of Blackstone Secured Lending Fund is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Blackstone Secured Lending Fund are expected to decrease by -6.63% in the coming year, from $3.62 to $3.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Blackstone Secured Lending Fund is 8.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Blackstone Secured Lending Fund is 8.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 62.67.
Price to Book Value per Share Ratio
Blackstone Secured Lending Fund has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

BXSL Stock News Headlines

April 17, 2024 | americanbankingnews.com

Blackstone Secured Lending Fund (NYSE:BXSL) Receives Average Recommendation of "Moderate Buy" from Analysts

April 15, 2024 | businesswire.com

Blackstone Secured Lending Announces First Quarter 2024 Earnings Release and Conference Call

April 19, 2024 | Banyan Hill Publishing (Ad)

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April 14, 2024 | americanbankingnews.com

JPMorgan Chase & Co. Boosts Blackstone Secured Lending Fund (NYSE:BXSL) Price Target to $31.50

March 28, 2024 | finance.yahoo.com

Bank of America Says Buy These 2 High-Yield Dividend Stocks — Each Offering at Least 9% Yield

March 26, 2024 | seekingalpha.com

Blackstone Secured Lending, Golub Capital BDC upgraded at BofA

March 6, 2024 | morningstar.com

Blackstone Secured Lending Fund Ordinary Shares BXSL

March 3, 2024 | seekingalpha.com

Why 10.5%-Yielding Blackstone Secured Lending Has The Best BDC Dividend

April 19, 2024 | Banyan Hill Publishing (Ad)

The Best AI Stock to Own in the World Today is Trading for Just $25

March 2, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Ryan Specialty Group (RYAN) and Blackstone Secured Lending Fund (BXSL)

March 1, 2024 | seekingalpha.com

Blackstone Secured Lending Fund (BXSL) Q4 2023 Earnings Call Transcript

February 29, 2024 | finance.yahoo.com

Blackstone Secured Lending Fund (NYSE:BXSL) Q4 2023 Earnings Call Transcript

February 29, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Flushing Financial (FFIC), MBIA (MBI) and Blackstone Secured Lending Fund (BXSL)

February 29, 2024 | finance.yahoo.com

Q4 2023 Blackstone Secured Lending Fund Earnings Call

February 28, 2024 | msn.com

Blackstone Secured Lending declares $0.77 dividend

February 28, 2024 | finance.yahoo.com

Blackstone Secured Lending Fund (BXSL) Reports Solid Q4 and Full Year 2023 Results

February 27, 2024 | msn.com

Blackstone Secured Lending Q4 2023 Earnings Preview

February 7, 2024 | finance.yahoo.com

PennantPark (PNNT) Tops Q1 Earnings and Revenue Estimates

February 5, 2024 | finance.yahoo.com

Gladstone Capital (GLAD) Q1 Earnings and Revenues Lag Estimates

February 2, 2024 | finance.yahoo.com

Blackstone Secured Lending Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

February 1, 2024 | seekingalpha.com

Blackstone Secured Lending: A Great Place To Park Your Cash In 2024

January 25, 2024 | bloomberg.com

Blackstone Seeks Private Credit for $2.3 Billion Rover Buyout

January 3, 2024 | seekingalpha.com

Blackstone Secured Lending: Repeating Its Success In 2024 Could Be Much Harder

December 8, 2023 | markets.businessinsider.com

Buy Rating for Blackstone Secured Lending Fund Amid Strong Market Position and Strategic Advantages

December 7, 2023 | seekingalpha.com

BXSL Uncovered: Comprehensive Insights Into Its Investment Strategy And Performance

November 29, 2023 | seekingalpha.com

BXSL: Q3 Update - Another Quarter Of Outperformance

November 22, 2023 | seekingalpha.com

Blackstone Secured Lending: Delivering Results With An ~11% Yield

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: 4/18/2024
Dividend Payable: 4/26/2024
Next Earnings (Confirmed): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: N/A
Sub-Industry: N/A
Current Symbol: NYSE:BXSL
CUSIP: N/A
CIK: 1736035
Web: www.bxsl.com
Phone: 212-503-2100
Fax: N/A
Employees: 2,020
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $30.92
High Stock Price Target: $32.00
Low Stock Price Target: $29.50
Potential Upside/Downside: -0.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.65
Trailing P/E Ratio: 8.55
Forward P/E Ratio: 8.62
P/E Growth: N/A
Net Income: $611.95 million
Net Margins: 53.50%
Pretax Margin: 53.51%
Return on Equity: 14.44%
Return on Assets: 6.64%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.93
Quick Ratio: 1.93

Sales & Book Value

Annual Sales: $1.14 billion
Price / Sales: 5.22
Cash Flow: $3.92 per share
Price / Cash Flow: 7.96
Book Value: $28.52 per share
Price / Book: 1.09

Miscellaneous

Outstanding Shares: 191,600,000
Free Float: 191,333,000
Market Cap: $5.98 billion
Optionable: Optionable
Beta: 0.49

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Key Executives

Mr. Brad Marshall (Age 52)
Chairman & Co-CEO
Mr. Jonathan Gerald Bock CFA
Co-Chief Exec. Officer
Mr. Carlos Whitaker (Age 48)
Pres
Mr. Teddy Desloge
Chief Financial Officer
Ms. Katherine Rubenstein (Age 46)
Chief Operating Officer
Mr. Matt Alcide
Chief Accounting Officer & Treasurer
Mr. William Joseph Renahan Esq. (Age 55)
Chief Compliance Officer
Mr. Oran Ebel (Age 45)
Chief Legal Officer & Sec.
Ms. Stacy Wang
Head of Stakeholder Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 twelve months. 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 brokerages have issued twelve-month price objectives for Blackstone Secured Lending Fund's shares. Their BXSL share price targets range from $29.50 to $32.00. On average, they predict the company's share price to reach $30.92 in the next twelve months. This suggests that the stock has a possible downside of 0.8%.
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 start of the year. Since then, BXSL stock has increased by 12.8% and is now trading at $31.18.
View the best growth stocks for 2024 here.
Are investors shorting Blackstone Secured Lending Fund?: Blackstone Secured Lending Fund saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,740,000 shares, a decline of 29.0% from the March 15th total of 2,450,000 shares. Based on an average trading volume of 942,500 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.1% of the shares of the 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) announced its earnings results on Wednesday, February, 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The company earned $304 million during the quarter, compared to analysts' expectations 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 announced a quarterly dividend on Wednesday, February 28th. Shareholders of record on Sunday, March 31st will be given a dividend of $0.77 per share on Friday, April 26th. This represents a $3.08 annualized dividend and a dividend yield of 9.88%. 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 10.02%. 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 institutional and retail investors. Top institutional shareholders include Destiny Wealth Partners LLC (0.19%), Confluence Investment Management LLC (0.10%), Allspring Global Investments Holdings LLC (0.09%), Hennion & Walsh Asset Management Inc. (0.07%), MGO Private Wealth LLC (0.06%) and Naviter Wealth LLC (0.05%). 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 4/19/2024 by MarketBeat.com Staff

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