Blackstone Secured Lending
BXSL
Market cap $6.14B

29.75 USD

+0.12

0.40%

At close Oct 11, 4:00 PM EDT

After hours

29.75

+0.00

0.00%

1 day

0.40%

5 days

-0.17%

1 month

-0.44%

3 months

-3.35%

6 months

-3.78%

Year to date

6.75%

1 year

11.63%

5 years

7.67%

About: Blackstone Secured Lending Fund is a non-diversified, closed-end management investment company. The investment objectives of the company are to generate current income and, to a lesser extent, long-term capital appreciation. The company seeks to achieve its investment objectives through originated loans and other securities, including syndicated loans, of private U.S. companies, typically in the form of first lien senior secured and unitranche loans, and unsecured and subordinated loans and other debt and equity securities.

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

183% more call options, than puts

Call options by funds: $9.58M | Put options by funds: $3.39M

79% more repeat investments, than reductions

Existing positions increased: 129 | Existing positions reduced: 72

23% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 30

2% more funds holding

Funds holding: 290 [Q1] → 297 (+7) [Q2]

1.44% less ownership

Funds ownership: 33.83% [Q1] → 32.39% (-1.44%) [Q2]

6% less capital invested

Capital invested by funds: $2.02B [Q1] → $1.91B (-$111M) [Q2]

8% less funds holding in top 10

Funds holding in top 10: 13 [Q1] → 12 (-1) [Q2]

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$31

4%

upside

Avg. target

$32

7%

upside

High target

$33

11%

upside

4 analyst ratings

4 positive

100%

0 neutral

0%

0 negative

0%

RBC Capital Kenneth Lee 64% 1-year accuracy 39 / 61 met price target	11%upside $33	Outperform Reiterated	14 Aug 2024
JP Morgan Melissa Wedel 33% 1-year accuracy 4 / 12 met price target	8%upside $32	Overweight Maintained	8 Aug 2024
Wells Fargo Finian O'Shea 58% 1-year accuracy 14 / 24 met price target	4%upside $31	Overweight Maintained	8 Aug 2024
JP Morgan Melissa Wedel 33% 1-year accuracy 4 / 12 met price target	6%upside $32	Overweight Maintained	29 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 21 articles about BXSL published over the past 30 days

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 income up 12.6% and solid revenue growth despite a minor decline in debt investment yields. The portfolio is low-risk, with 99% in first-lien senior secured debt, a low non-accrual ratio, and strong diversification across industries and companies.

BXSL: Time To Buy This 10%+ Yield Again

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 MSDL and OBDE leading the way. Private lenders are exploring ETFs to tap retail demand.

BDC Weekly Review: Private Lenders Want To Democratize Access

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, shows strong investment activity, solid balance sheet, and consistent dividend payouts, making it a defensively positioned growth opportunity. FDUS has a longer track record, impressive dividend growth, and a solid balance sheet with a lower leverage ratio, offering stability and income reliability.

2 Small Cap, Growing BDCs That Could Be Great Income Additions To Your Portfolio

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-time highs.

Is Blackstone Secured Lending Fund (BXSL) a good dividend stock?

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 prioritizes first lien debt investments, ensuring high repayment priority, and maintains a diverse industry exposure. BXSL's financials are robust, with increasing net investment income and liquidity level.

Blackstone Secured Lending: High Quality BDC With Strong Dividend Coverage

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 principal amount of 5.350% notes due 2028. The notes will mature on April 13, 2028 and may be redeemed in whole or in part at BXSL's option at the applicable redemption price. The Company expects to use the net proceeds from this offering for general corporate purposes, which may include, among other th.

Blackstone Secured Lending Fund Prices Public Offering of $400.0 million 5.350% Unsecured Notes due 2028

Hard To Imagine Retirement Portfolio Without These 2 Blue Chips, Part 2

It would be fair to assume that usually when it comes to retirement investing, attractive yield and defense are two aspects that dominate investment decisions. If these two aspects have to be in place, there are not that many businesses or securities where to invest. In the previous or Part 1 article, I highlighted BXSL and EPD as two suitable products for defensive income investors.

Hard To Imagine Retirement Portfolio Without These 2 Blue Chips, Part 2

Top 3 Business Development Companies for Double-Digit Dividends

Publicly traded business development companies (BDCs) are growing in popularity for their astounding dividend income. Like real estate investment trusts (REITs), BDCs must distribute 90% of their taxable income to shareholders as dividends.

Top 3 Business Development Companies for Double-Digit Dividends

Blackstone Secured Lending Is My Go-To BDC To Sleep Well At Night

BXSL stands out in the BDC sector with a highly defensive, first-lien debt-focused portfolio, ensuring security and low default risk. Despite potential interest rate cuts, BXSL should maintain sufficient dividend coverage. Valuation remains attractive with a reasonable premium to net asset value, reflecting BXSL's quality and capital-gathering ability, making it a solid addition to portfolios.

Blackstone Secured Lending Is My Go-To BDC To Sleep Well At Night

Invest $100,000 For Durable Income Without Losing Sleep At Night

Achieving the first $100,000 is crucial for portfolio diversification and accessing material reinvestment opportunities. If the objective is to build a massive snowball from durable income investments, there are only a few asset classes that tick the necessary boxes. In this article, I explain how I would allocate $100,000 among MLPs, BDCs, equity REITs, and SCHD.

Invest $100,000 For Durable Income Without Losing Sleep At Night

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