Blackstone Secured Lending Fund (BXSL)
| Market Value | 6.80B |
| Revenue (ttm) | 1.28B |
| Net Income (ttm) | 688.91M |
| Shares Out | 216.67M |
| EPS (ttm) | 3.59 |
| PE Ratio | 8.74 |
| Forward PE | 9.53 |
| Dividend | $3.08 (9.81%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 831,565 |
| Open | 31.48 |
| Previous Close | 31.47 |
| Day's Range | 31.14 - 31.49 |
| 52-Week Range | 27.23 - 32.67 |
| Beta | 0.44 |
| Analysts | Strong Buy |
| Price Target | 28.25 (-10.0%) |
| Earnings Date | n/a |
About BXSL
Blackstone Secured Lending Fund is a 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 Reve... [Read more]
Financial Performance
In 2022, BXSL's revenue was $387.80 million, a decrease of -18.07% compared to the previous year's $473.35 million. Earnings were $404.56 million, a decrease of -12.13%.
Analyst Forecast
According to 9 analysts, the average rating for BXSL stock is "Strong Buy." The 12-month stock price forecast is $28.25, which is a decrease of -10.00% from the latest price.
News
Investing In BDCs For 10%+ Yields? This Is What Matters Now
When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would s...
My Dividend Stock Portfolio: New October Dividend Record - 100 Holdings With 15 Buys
Investment activity in October focused on Business Development Companies, with $1,300 added to the market. Adjusted dividend income in October of $789, up 25% Y/Y and up 11% sequentially. Main picks i...
Blackstone Secured Lending: A Growth BDC That Makes For A Good Long-Term Investment
Blackstone Secured Lending showed strong growth during recent earnings, with solid net asset value and income increases, positioning it well to be a long-term investment. BXSL's high first-lien loan e...
Blackstone Secured Lending: A Best-Of-Breed BDC With A 10% Yield
Blackstone Secured Lending Fund boasts robust dividend coverage, a low non-accrual ratio, and a 15% premium to NAV, making it a top BDC choice. BXSL's investment portfolio, primarily floating-rate Fir...
Another Interest Rate Cut: How's Blackstone Secured Lending's Dividend Coverage?
Blackstone Secured Lending remains a top pick in the BDC space for income-oriented investors due to its defensive portfolio and solid dividend coverage. Despite another interest rate cut, BXSL's regul...
10%+ Yields: Why Morgan Stanley Direct Lending Is The New Blackstone Secured Lending
BXSL has been one of the best-performing BDCs of the past few years. I think MSDL is poised to experience similar outperformance moving forward. In this article, I explain why.
Blackstone Secured Lending Fund (BXSL) Q3 2024 Earnings Call Transcript
Blackstone Secured Lending Fund (NYSE:BXSL) Q3 2024 Results Conference Call November 12, 2024 9:30 AM ET Company Participants Stacy Wang - Head, Stakeholder Relations Brad Marshall - Chairman and Co-...
Blackstone Secured Lending Fund Reports Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE: BXSL or the “Company”) today reported its third quarter 2024 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of ...
8-10% Dividend Yields: If I Could Only Buy 3 In November 2024
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2 Very Overrated And 2 Very Underrated Big Dividend Stocks
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Path To $10,000 Of Annual Income In 5 Years Through SWAN Dividend Investing
In this article, I explore the potential path on how one could achieve $10,000 of annual portfolio income in just a 5-year period by accumulating a capital base from zero. I provide a sample portfolio...
3 BDCs With Highest Dividend Coverage Levels: Only One Is A Defensive Leader
The investment environment for BDCs remains solid, but there are some clear risks, which call for extra caution. One of the ways to protect current income streams from BDC allocations is to focus on h...
BDC Weekly Review: PIK Is At Record High
We take a look at the action in business development companies through the third week of October and highlight some of the key themes we are watching. BDCs had a strong week, rising over 1%, supported...
2 New Publicly Traded BDCs With Top-Class Defense
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My Dividend Stock Portfolio: New September Dividend Record - 100 Holdings With 12 Buys
September's investment activity was minimal, with $1,000 invested mainly in Business Development Companies, while I traveled through Hungary, Albania, and Oman. Traveling highlighted the benefits of l...
Main Street Vs. Blackstone Secured Lending: One Is Superior Pick For Defense
Blackstone Secured Lending and Main Street Capital are top defensive BDCs, both carrying one of the strongest fundamentals in the sector. They have delivered correlated returns, outperforming the inde...
Blackstone Secured Lending Announces Third Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE: BXSL) (the “Company”) announced today that it will host its third quarter 2024 investor conference call via public webcast on November...
The Ultimate Portfolio Structure For Stress-Free High Current Income
A durable income-focused portfolio strategy reduces income reduction risk and stress by prioritizing stable income over market-beating returns. In this respect, I have outlined my detailed approach fo...
Invest In All Weather BDC Dividend Portfolio
The All Weather Portfolio concept introduced by Ray Dalio aims for stable returns through largely uncorrelated investment exposures. In this article, I have tried to apply the essence of such a constr...
BXSL: Time To Buy This 10%+ Yield Again
The Blackstone Secured Lending Fund is a "Buy" due to its attractive 10%+ dividend yield, appealing valuation, and low-risk portfolio. BXSL's operational performance is strong, with net investment inc...
BDC Weekly Review: Private Lenders Want To Democratize Access
We take a look at the action in business development companies through the first week of October and highlight some of the key themes we are watching. BDCs saw a modest 0.5% return this week, with MSD...
2 Small Cap, Growing BDCs That Could Be Great Income Additions To Your Portfolio
Income investors should consider Crescent Capital BDC and Fidus Investment for their portfolios, as both trade below Net Asset Values and offer growth potential. CCAP, despite a short track record, sh...
Is Blackstone Secured Lending Fund (BXSL) a good dividend stock?
The Blackstone Secured Lending Fund (BXSL) stock has done modestly well this year, rising by 7.20%. It has underperformed the market, with the S&P 500, Nasdaq 100, and Dow Jones rising to their all-ti...
Blackstone Secured Lending: High Quality BDC With Strong Dividend Coverage
Blackstone Secured Lending stands out due to its strong portfolio strategy, low non-accrual rate, and consistent dividend coverage, making it a solid buy despite interest rate cuts. The BDC prioritize...
Blackstone Secured Lending Fund Prices Public Offering of $400.0 million 5.350% Unsecured Notes due 2028
NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE:BXSL) (“BXSL” or the “Company”) announced today that it has priced an underwritten public offering of $400.0 million in aggregate princ...