Blackstone Secured Lending

BXSL

Market cap $6.44B

Overview Fund Activity

27.99 USD

+0.45

1.63%

At close Updated Sep 18, 12:41 PM EDT

1 day

1.63%

5 days

-2.68%

1 month

-6.39%

3 months

-11.17%

6 months

-14.95%

Year to date

-13.88%

1 year

-7.16%

5 years

1.3%

10 years

1.3%

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 by investing in 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, unsecured and subordinated loans, and other securities.

Financials Asset Management

0

Funds holding %

of 7,463 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

53% more call options, than puts

Call options by funds: $23M | Put options by funds: $15M

53% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 34

50% more repeat investments, than reductions

Existing positions increased: 151 | Existing positions reduced: 101

4% more funds holding

Funds holding: 367 [Q1] → 381 (+14) [Q2]

2.06% more ownership

Funds ownership: 34.53% [Q1] → 36.59% (+2.06%) [Q2]

2% less capital invested

Capital invested by funds: $2.55B [Q1] → $2.5B (-$47.9M) [Q2]

44% less funds holding in top 10

Funds holding in top 10: 16 [Q1] → 9 (-7) [Q2]

See Fund Rankings

Research analyst outlook

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

Low target

$28

0% upside

Avg. target

$30

8% upside

High target

$32

14% upside

3 analyst ratings

1 positive

33%

2 neutral

67%

0 negative

0%

UBS Doug Harter	$31	Neutral Initiated	11 Sep 2025
RBC Capital Kenneth S. Lee	$32	Outperform Maintained	4 Sep 2025
Wells Fargo Finian O'Shea	$28	Equal-Weight Maintained	7 Aug 2025

See Analyst Rankings

Financial journalist opinion

Based on 14 articles about BXSL published over the past 30 days

Dividend Power Dogs: 12 Ideal 'Safer' September Stars

The Dividend Power strategy highlights 35 high-yield stocks, with 12 'safer' picks offering free cash flow yields above dividend yields and fair valuations. Top five 'safer' Dividend Power stocks for September are Carlyle Secured Lending (CGBD), Stellus Capital (SCM), Blue Owl Capital (OBDC), SLR Investment (SLRC), and Seven Hills Realty (SEVN). Analyst projections suggest the top ten Dividend Power stocks could deliver average net gains of 43.3% by September 2026, though risk and volatility vary.

Dividend Power Dogs: 12 Ideal 'Safer' September Stars

Top 3 Financial Stocks You'll Regret Missing In Q3

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Top 3 Financial Stocks You'll Regret Missing In Q3

Blackstone Secured Lending's NAV, Valuation, And Dividend Versus 11 BDC Peers - Part 2 (Includes Calendar Q4 2025 - Q1 2026 Dividend Projections)

Part 2 of this article compares Blackstone Secured Lending's recent dividend per share rates, yield percentages, and several other highly detailed (and useful) dividend sustainability metrics to 11 other BDC peers. This includes a comparative analysis of BXSL's cumulative undistributed taxable income ratio, percentage of floating-rate debt investments, recent weighted average annualized yield, and weighted average interest rate on outstanding borrowings. BXSL's dividend sustainability is fairly strong for now. However, several additional cuts to the Federal Funds Rate could eventually result in a BXSL dividend reduction (along with most peers).

Blackstone Secured Lending's NAV, Valuation, And Dividend Versus 11 BDC Peers - Part 2 (Includes Calendar Q4 2025 - Q1 2026 Dividend Projections)

Are You Falling For These 3 BDC Dividend Myths

BDCs have two issues: 1) almost no margin of safety for dividend coverage, and 2) depressed earnings outlook. For many players it is just a matter of several quarters before they become forced to cut dividends. Yet, there are many arguments, which negate such a view. Unfortunately, many of them ar myths.

Are You Falling For These 3 BDC Dividend Myths

5 BDCs That Deliver Double-Digit Yields (Up To 12.6%)

Wall Street suits tend to avoid business development companies (BDCs). That's a mistake.

5 BDCs That Deliver Double-Digit Yields (Up To 12.6%)

The Worst Setup For BDCs In Years

BDCs have outperformed over the past half-decade. However, macro and sector conditions are shifting rapidly. This could be the toughest environment BDCs have faced in years.

The Worst Setup For BDCs In Years

3 BDCs That Are Not Invited To The Dividend Cut Party

I expect the Fed to cut rates soon, with markets pricing in an 89% chance of a 25bps cut this month. Ongoing and future rate cuts will pressure SOFR-linked assets, especially BDCs, causing yield compression and likely dividend reductions. BDC dividend risks are high due to lower loan yields, thin dividend coverage, and limited capacity to offset falling income.

3 BDCs That Are Not Invited To The Dividend Cut Party

Blackstone Secured Lending's NAV, Valuation, And Dividend Versus 11 BDC Peers - Part 1 (Includes Recommendations As Of 8/29/2025)

Part 1 of this article compares BXSL's recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 11 BDC peers. Part 1 also performs a comparative analysis between each company's investment portfolio as of 3/31/2025 and 6/30/2025. This includes an updated percentage of investments on non-accrual status. I also provide a list of the other BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), and appropriately valued (a hold recommendation).

Blackstone Secured Lending's NAV, Valuation, And Dividend Versus 11 BDC Peers - Part 1 (Includes Recommendations As Of 8/29/2025)

Buy The Dip: 8-11% Blue Chip Yields Getting Way Too Cheap

Wall Street is asleep on two monster yields that could fuel early retirement. These blue-chip payouts are too cheap to last. Here's why I'm adding them to my portfolio before the market wakes up.

Buy The Dip: 8-11% Blue Chip Yields Getting Way Too Cheap

1 BDC For 10% Yield Protection, 1 For Alpha

In Q2, most BDCs reported negative earnings growth. Given where interest rates are heading, there will likely be the same situation going forward as well. Since the sector average base dividend coverage is only 102%, it does not bode well for BDC dividends.

1 BDC For 10% Yield Protection, 1 For Alpha

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