Blackstone Secured Lending
BXSL

$30.75

0.69%

Market Cap: 6.11B

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 6,702 funds

0

Analysts bullish %

of 4 analysts

0

News positive %

of 8 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

195% more call options, than puts

Call options by funds: $11.4M | Put options by funds: $3.88M

59% more repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 71

23% more capital invested

Capital invested by funds: $1.5B [Q4 2023] → $1.84B (+$340M) [Q1 2024]

18% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 40

3% more funds holding

Funds holding: 277 [Q4 2023] → 284 (+7) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 13 [Q4 2023] → 13 (+0) [Q1 2024]

0.33% less ownership

Funds ownership: 31.15% [Q4 2023] → 30.81% (-0.33%) [Q1 2024]

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$31

1%

downside

Avg. target

$31

2%

upside

High target

$32

4%

upside

4 analyst ratings

4 positive

100%

0 neutral

0%

0 negative

0%

JP Morgan Melissa Wedel	2%upside $31.5	Overweight Maintained	12 Apr 2024
Citigroup Arren Cyganovich	1%upside $31	Buy Maintained	29 Feb 2024
Truist Securities Mark Hughes	4%upside $32	Buy Maintained	29 Feb 2024
Wells Fargo Timothy O'Shea	1%downside $30.5	Overweight Maintained	29 Jan 2024

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about BXSL published over the past 30 days

Dividend Harvesting Portfolio Week 177: $17,700 Allocated, $1,594.04 In Projected Dividends

Markets experienced a rotation out of tech stocks, IT departments panicked due to cybersecurity bug, S&P 500 closed down -2.41%. Dividend Harvesting Portfolio saw record-breaking week, generated $33.49 in dividend income, ROI of 17.49% on invested capital. Portfolio composition includes equities, ETFs, REITs, CEFs, and BDCs, with individual equities representing 38.63% of the portfolio.

Dividend Harvesting Portfolio Week 177: $17,700 Allocated, $1,594.04 In Projected Dividends

My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys

Investment activity remained high in June, focusing on BDCs aiming to increase dividend income by at least $100 each month. Adjusted dividend income in June is up 27% Y/Y and 5% vs the previous quarter. Main portfolio picks included Ares Capital, Hercules Capital, Goldman Sachs BDC, and MidCap Financial Investment Corporation.

My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys

Blackstone Secured Lending: Is This 10% Yield Sustainable?

Blackstone Secured Lending runs a high-quality portfolio with low leverage, solid assets, and a low cost of capital. This BDC's focus on Senior Lien secured loans should provide safe harbor in economic storms, and management is using a conservative amount of leverage. Despite these advantages, BXSL's premium to Fair Value and exposure to floating rate debt make it a suboptimal choice as we sit on the precipice of a rate cut cycle.

Blackstone Secured Lending: Is This 10% Yield Sustainable?

Dividend Harvesting Portfolio Week 175: $17,500 Allocated, $1,566.24 In Projected Dividends

Markets started the 2nd half of 2024 strong, with S&P up 1.69% and Nasdaq up 3.29%. Earnings season approaching, with the banking sector first, followed by the Magnificent Seven. Dividend Harvesting Portfolio hits all-time high, generating $44.41 in dividend income in the first week of July.

Dividend Harvesting Portfolio Week 175: $17,500 Allocated, $1,566.24 In Projected Dividends

8-11% Dividend Yields To Buy In July 2024

Investing in high-yield stocks can provide attractive long-term total returns and passive income for an accelerated retirement timeline. We discuss three stocks that offer 8-11% dividend yields. These dividends are supported by investment-grade balance sheets and stable cash flows.

8-11% Dividend Yields To Buy In July 2024

8%-Yielding Tax-Free Portfolio For Retirement Passive Income

Generating tax-efficient high yields is a major priority for many retirees. This article draws on three defensive sectors to build a tax-friendly portfolio. I share some of my favorite retirement income picks to build an 8%-yielding portfolio that should grow its payout at or faster than the rate of inflation.

8%-Yielding Tax-Free Portfolio For Retirement Passive Income

I'm Locking 7-10% Yields In This Upside-Down Market

The S&P 500 currently yields just 1.2%, a level that may not be suitable for most income investors. In this article, I present 2 higher yielding stocks that are either reasonably valued or undervalued. Both carry strong balance sheets, pay well-covered dividends, and have plenty of capacity for growth.

I'm Locking 7-10% Yields In This Upside-Down Market

Blackstone Secured Lending: Strong Dividend Coverage And Growing Investment Commitments Make This A Buy

Blackstone Secured Lending Fund is an externally managed BDC that maintains a wide range of exposure to several industries. The BDC focuses on maintaining quality debt investments on a majority senior secured and floating rate basis. BXSL's non-accruals remain incredibly low, which reinforces management's underwriting ability.

Blackstone Secured Lending: Strong Dividend Coverage And Growing Investment Commitments Make This A Buy

Very Overrated And Very Underrated High Yield Sectors

I love investing in high yield stocks. However, not all high yield subsectors are good investments all the time. I share one high yield subsector that Mr. Market is overrating and one that he is underrating.

Very Overrated And Very Underrated High Yield Sectors

Blackstone Secured Lending: The Fed Just Made This 10% Yielding BDC A Strong Buy (Rating Upgrade)

The Federal Reserve said that it only expects to cut rates once in FY 2024, resulting in a higher-for-longer rate world. Blackstone Secured Lending therefore benefits from its variable rate loan strategy. The dividend has been well-covered with NII. A low non-accrual percentage is a distinguishing feature of BXSL.

Blackstone Secured Lending: The Fed Just Made This 10% Yielding BDC A Strong Buy (Rating Upgrade)

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