Blackstone Secured Lending Fund (NYSE:BXSL) Announces Earnings Results

Blackstone Secured Lending Fund (NYSE:BXSL) announced its earnings results on Thursday. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09, Zacks reports. Blackstone Secured Lending Fund had a net margin of 21.51% and a return on equity of 11.74%. The company had revenue of $233.30 million during the quarter, compared to analysts’ expectations of $326.72 million.

Here are the key takeaways from Blackstone Secured Lending Fund’s conference call:

• Repayments accelerated, reaching an annualized 21% of the portfolio at fair value versus 13% in Q1, generating more than $700 million of liquidity and potential pull-to-par gains as assets mature.
• BXSL deployed over $300 million into five new borrowers, with management citing lower leverage, lower loan-to-values and wider spreads; executives also remain constructive on improving M&A and deal activity.
• Net investment income was $0.75 per share, below the $0.77 dividend, and management said it is using undistributed earnings as a temporary bridge while evaluating a lower long-term dividend amid lower base rates and maturing investments.
• NAV per share declined 2.8% to $25.53, driven by $0.59 per share of unrealized losses and $0.12 of realized losses; the portfolio mark fell to 95.2 amid spread widening and weakness in selected assets, although non-accruals improved and no new assets were added.

Blackstone Secured Lending Fund Trading Up 1.6%

BXSL stock traded up $0.39 during midday trading on Friday, hitting $24.54. The stock had a trading volume of 2,088,776 shares, compared to its average volume of 1,593,497. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 19.32 and a beta of 0.38. Blackstone Secured Lending Fund has a 52 week low of $22.47 and a 52 week high of $30.69. The stock has a 50-day simple moving average of $23.61 and a 200 day simple moving average of $24.07.

Blackstone Secured Lending Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Wednesday, September 30th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Wednesday, September 30th. Blackstone Secured Lending Fund’s dividend payout ratio is presently 161.26%.

Insider Transactions at Blackstone Secured Lending Fund

In other Blackstone Secured Lending Fund news, insider Robert J. Bass purchased 2,095 shares of the stock in a transaction on Tuesday, May 12th. The shares were purchased at an average price of $23.80 per share, with a total value of $49,861.00. Following the acquisition, the insider directly owned 25,107 shares of the company’s stock, valued at $597,546.60. This represents a 9.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by company insiders.

Institutional Trading of Blackstone Secured Lending Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BXSL. Armistice Capital LLC bought a new position in shares of Blackstone Secured Lending Fund in the fourth quarter worth $300,000. Capital Planning Advisors LLC purchased a new stake in Blackstone Secured Lending Fund in the fourth quarter valued at approximately $255,000. Captrust Financial Advisors purchased a new stake in shares of Blackstone Secured Lending Fund during the 4th quarter valued at $259,000. Advyzon Investment Management LLC lifted its stake in Blackstone Secured Lending Fund by 13.8% during the fourth quarter. Advyzon Investment Management LLC now owns 10,359 shares of the company’s stock worth $273,000 after purchasing an additional 1,257 shares during the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in Blackstone Secured Lending Fund in the fourth quarter worth approximately $244,000. Institutional investors own 36.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BXSL shares. Zacks Research upgraded Blackstone Secured Lending Fund from a “strong sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company dropped their price target on Blackstone Secured Lending Fund from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Friday, May 8th. UBS Group reduced their price objective on Blackstone Secured Lending Fund from $24.75 to $24.50 and set a “neutral” rating for the company in a research note on Monday, May 18th. Royal Bank Of Canada decreased their price objective on Blackstone Secured Lending Fund from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. Finally, Keefe, Bruyette & Woods cut Blackstone Secured Lending Fund from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $25.00 to $24.00 in a research note on Monday, June 8th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $24.78.

Trending Headlines about Blackstone Secured Lending Fund

Here are the key news stories impacting Blackstone Secured Lending Fund this week:

• Positive Sentiment: BXSL reported net investment income of $0.75 per share, surpassing the $0.66 analyst consensus, while return on NAV remained steady. The portfolio also recorded no new non-accrual investments, suggesting credit performance remains stable. Blackstone Secured Lending turns in solid Q2 results with return on NAV holding steady
• Positive Sentiment: The company’s portfolio remains heavily weighted toward first-lien senior secured debt, which represented 96.8% of investments at fair value. Non-accrual investments were limited to 1.8%, and BXSL had approximately $2.8 billion of liquidity at quarter-end. Blackstone Secured Lending Fund Reports Second-Quarter 2026 Results
• Positive Sentiment: BXSL declared a quarterly dividend of $0.77 per share, payable October 23 to shareholders of record September 30. At the reported share price, that equates to an annualized yield of roughly 12.7%, supporting the stock’s income appeal.
• Neutral Sentiment: Zacks Research upgraded BXSL from “strong sell” to “hold,” indicating a less negative view but not a bullish recommendation.
• Negative Sentiment: Despite the earnings beat, quarterly net income fell sharply to approximately $9 million, or $0.04 per share. Reported revenue of $233.3 million was also below the $326.7 million consensus estimate, highlighting pressure on overall profitability. Blackstone Secured Lending Fund Surpasses Q2 Earnings Estimates
• Negative Sentiment: An analysis argues investors should prepare for a potential dividend reset. Although the current payout was maintained, lower earnings and changing interest-rate conditions could make the high dividend less sustainable or lead to reduced distributions. Blackstone Secured Lending: Get Ready For A Dividend Reset

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.