Blackstone Secured Lending
BXSL

$29.92

0.6%

Market Cap: $6.01B

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 6,686 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

20% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 30

2% more funds holding

Funds holding: 290 [Q1] → 296 (+6) [Q2]

1.51% less ownership

Funds ownership: 33.83% [Q1] → 32.31% (-1.51%) [Q2]

6% less capital invested

Capital invested by funds: $2.02B [Q1] → $1.9B (-$116M) [Q2]

8% less funds holding in top 10

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

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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

10%

upside

4 analyst ratings

4 positive

100%

0 neutral

0%

0 negative

0%

RBC Capital Kenneth Lee 76% 1-year accuracy 42 / 55 met price target	10%upside $33	Outperform Reiterated	14 Aug 2024
JP Morgan Melissa Wedel 38% 1-year accuracy 5 / 13 met price target	7%upside $32	Overweight Maintained	8 Aug 2024
Wells Fargo Finian O'Shea 68% 1-year accuracy 17 / 25 met price target	4%upside $31	Overweight Maintained	8 Aug 2024
JP Morgan Melissa Wedel 38% 1-year accuracy 5 / 13 met price target	5%upside $32	Overweight Maintained	29 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 17 articles about BXSL published over the past 30 days

Blackstone Secured Lending: A 10% Yielding BDC Cash Cow

Blackstone Secured Lending is a top BDC choice for income investors due to its high-quality, well-performing investment portfolio and strong dividend support. Despite a minor decline in balance sheet quality, BXSL's non-accrual percentage remains low at 0.3%, showcasing its superior asset quality. BXSL generated $173M in net investment income in Q2'24, with a 1.16X dividend coverage ratio, indicating potential for future dividend increases.

Blackstone Secured Lending: A 10% Yielding BDC Cash Cow

Buy These 8-10% Yielding Cash Cows For Total Returns

Dividend stocks de-risk initial capital and provide a hedge against portfolio volatility, making them attractive for long-term investment success. Blackstone Secured Lending offers a high yield backed by a conservatively managed portfolio, benefiting from Blackstone's expertise and the current high interest rate environment. MPLX LP provides an inflation-resistant, high-yield distribution supported by its stable energy midstream business and strategic investments in key pipeline infrastructure.

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Dividend Cut Alert: Bad News For BDCs

BDCs have outperformed REITs since early 2022 due to rising short-term interest rates and a strong economy, but dynamics shifted in July. With long-term rates declining and recession fears rising, BDCs face dividend cut risk. One BDC recently slashed its dividend aggressively and more are likely to follow.

Dividend Cut Alert: Bad News For BDCs

Blackstone Secured Lending: Another Strong Quarter For This 10.2%-Yielding BDC

We provide a Q2 update of the Blackstone Secured Lending Fund. Blackstone Secured Lending delivered a 4.2% total NAV return in Q2, one of the best results in coverage. Blackstone has its largest exposure to software and healthcare companies; it trades at an 11% premium to book value with a 10.2% dividend yield.

Blackstone Secured Lending: Another Strong Quarter For This 10.2%-Yielding BDC

My Dividend Stock Portfolio: New July Dividend Record - 101 Holdings With 24 Buys

Investment activity in July focused on Business Development Companies, with $2,000 added to the market. Adjusted dividend income in July of $709, up 19% Y/Y and down 4% sequentially. Main picks included Blackstone Secured Lending, Ares Capital and Owl Rock Capital.

My Dividend Stock Portfolio: New July Dividend Record - 101 Holdings With 24 Buys

BDC Weekly Review: PSEC Gets Bad Press

We take a look at the action in business development companies through the third week of August and highlight some of the key themes we are watching. BDCs delivered a 2% total return on the week, starting to climb out of the early August drawdown. A recent Bloomberg article on Prospect Capital focused on cash generation and preferred stock issuance.

BDC Weekly Review: PSEC Gets Bad Press

69 All Star And Graham Value Stocks; 49 Fit To Buy In August

Large Cap Value ranking by YCharts focuses on intrinsic firm value of large cap stocks. The Ben Graham Formula strategy selects stable stocks based on earnings, dividends, and valuation based on Graham's book “The Intelligent Investor”. 49 out of 69 All-Star Value Dividend stocks offer annual dividends (from $1K invested) exceeding their price per share. 5 of the 69 showed yields exceeding 25% and were disqualified as unsustainable.

69 All Star And Graham Value Stocks; 49 Fit To Buy In August

Dividend Harvesting Portfolio Week 181: $18,100 Allocated, $1,657.29 In Projected Dividends

Week 181 saw the Dividend Harvesting Portfolio set new records, with an all-time high in portfolio balance, profitability, and forward dividend income. The portfolio is up 19.57% on invested capital, generating $1,657.29 in estimated forward annualized dividend income with a 7.65% yield. Dividend income per investment basket includes equities at 27.70%, ETFs at 25.82%, REITs at 17.53%, CEFs at 16.96%, and BDCs at 11.99%.

Dividend Harvesting Portfolio Week 181: $18,100 Allocated, $1,657.29 In Projected Dividends

I'm Buying Up To 10% Yield For Recurring Income

Dividend investing can be rewarding with compounding, and high-yield picks can give you a head start. Blackstone Secured Lending offers 10.3% yield, a conservative portfolio, and NAV/share growth potential. Imperial Brands shows resilience with pricing power, NGP growth, and 6.7% yield, making it a bargain with market-beating potential.

I'm Buying Up To 10% Yield For Recurring Income

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