Blackstone Secured Lending Fund (NYSE:BXSL) Receives $29.13 Average PT from Analysts

Shares of Blackstone Secured Lending Fund (NYSE:BXSL) have earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $28.00.

A number of equities research analysts have recently weighed in on BXSL shares. Royal Bank Of Canada dropped their price objective on Blackstone Secured Lending Fund from $32.00 to $29.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Keefe, Bruyette & Woods dropped their target price on Blackstone Secured Lending Fund from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday. B. Riley Financial cut their price target on shares of Blackstone Secured Lending Fund from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Wall Street Zen raised shares of Blackstone Secured Lending Fund from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Wells Fargo & Company cut shares of Blackstone Secured Lending Fund from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $26.00 to $24.00 in a report on Wednesday, January 7th.

Blackstone Secured Lending Fund Stock Down 2.1%

Blackstone Secured Lending Fund stock opened at $23.91 on Thursday. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 9.72 and a beta of 0.41. The stock has a 50-day moving average price of $25.69 and a 200 day moving average price of $26.92. Blackstone Secured Lending Fund has a 52 week low of $23.31 and a 52 week high of $34.17.

Blackstone Secured Lending Fund (NYSE:BXSL) last announced its earnings results on Wednesday, February 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Blackstone Secured Lending Fund had a return on equity of 11.81% and a net margin of 39.69%.The company had revenue of $196.54 million for the quarter, compared to analyst estimates of $359.59 million. Research analysts anticipate that Blackstone Secured Lending Fund will post 3.54 EPS for the current fiscal year.

Blackstone Secured Lending Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $3.08 dividend on an annualized basis and a dividend yield of 12.9%. Blackstone Secured Lending Fund’s dividend payout ratio is currently 125.20%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Delphi Management Inc. MA boosted its stake in shares of Blackstone Secured Lending Fund by 0.9% in the 4th quarter. Delphi Management Inc. MA now owns 45,939 shares of the company’s stock valued at $1,210,000 after buying an additional 421 shares during the period. Prime Capital Investment Advisors LLC lifted its stake in Blackstone Secured Lending Fund by 5.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 7,704 shares of the company’s stock worth $201,000 after acquiring an additional 430 shares during the last quarter. Comprehensive Money Management Services LLC grew its holdings in Blackstone Secured Lending Fund by 2.7% during the 3rd quarter. Comprehensive Money Management Services LLC now owns 16,916 shares of the company’s stock worth $441,000 after acquiring an additional 440 shares in the last quarter. Walter & Keenan Wealth Management LLC IN ADV increased its position in shares of Blackstone Secured Lending Fund by 1.8% in the 4th quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 25,632 shares of the company’s stock valued at $675,000 after purchasing an additional 443 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in shares of Blackstone Secured Lending Fund by 2.4% in the 4th quarter. Wealthspire Advisors LLC now owns 19,343 shares of the company’s stock valued at $509,000 after purchasing an additional 461 shares in the last quarter. 36.49% of the stock is owned by institutional investors and hedge funds.

Blackstone Secured Lending Fund Company Profile

Blackstone Secured Lending Fund (NYSE: BXSL) is a closed-end management investment company sponsored by Blackstone Credit, the credit-oriented business of Blackstone Inc Launched in May 2020, BXSL seeks to deliver attractive risk-adjusted returns primarily through current income and, to a lesser extent, capital appreciation. The fund raises capital from institutional and retail investors and deploys it into a diversified portfolio of senior secured loans and other credit instruments.

The fund’s principal investment focus is on first-lien senior secured loans and unitranche debt extended to middle-market companies across North America.