Blackstone Secured Lending Fund (BXSL) Set to Announce Earnings on Wednesday

Blackstone Secured Lending Fund (NYSE:BXSL) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.92 per share for the quarter.

Blackstone Secured Lending Fund (NYSE:BXSL) last issued its earnings results on Wednesday, February 28th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $304.00 million for the quarter, compared to the consensus estimate of $290.58 million. Blackstone Secured Lending Fund had a net margin of 53.50% and a return on equity of 14.44%. On average, analysts expect Blackstone Secured Lending Fund to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Blackstone Secured Lending Fund Stock Up 0.8 %

Shares of BXSL opened at $32.23 on Monday. Blackstone Secured Lending Fund has a twelve month low of $24.92 and a twelve month high of $32.47. The company has a market capitalization of $6.18 billion, a P/E ratio of 8.83 and a beta of 0.47. The firm has a 50 day moving average of $30.84 and a 200 day moving average of $29.12.

Blackstone Secured Lending Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.77 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.08 annualized dividend and a yield of 9.56%. Blackstone Secured Lending Fund’s dividend payout ratio is 84.38%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Truist Financial upped their price target on Blackstone Secured Lending Fund from $30.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Wells Fargo & Company raised their price target on shares of Blackstone Secured Lending Fund from $28.50 to $30.50 and gave the company an “overweight” rating in a report on Monday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of Blackstone Secured Lending Fund from $30.00 to $31.50 and gave the company an “overweight” rating in a report on Friday, April 12th. Bank of America upgraded shares of Blackstone Secured Lending Fund from a “neutral” rating to a “buy” rating in a report on Monday, March 25th. Finally, Citigroup boosted their target price on shares of Blackstone Secured Lending Fund from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.92.

About Blackstone Secured Lending Fund

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).