Blackstone Secured LendingBXSL
BXSL
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.
0
Funds holding %
of 7,390 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
101% more repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 81
97% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 34
40% more funds holding in top 10
Funds holding in top 10: 10 [Q3] → 14 (+4) [Q4]
26% more call options, than puts
Call options by funds: $19.6M | Put options by funds: $15.5M
26% more capital invested
Capital invested by funds: $1.97B [Q3] → $2.47B (+$503M) [Q4]
9% more funds holding
Funds holding: 337 [Q3] → 366 (+29) [Q4]
1.97% more ownership
Funds ownership: 33.38% [Q3] → 35.35% (+1.97%) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$31
6%
downside
Avg. target
$33
1%
downside
High target
$35
6%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Truist Securities Mark Hughes 81% 1-year accuracy 47 / 58 met price target | 6%upside $35 | Buy Maintained | 27 Feb 2025 |
Keefe, Bruyette & Woods Ryan Lynch 0% 1-year accuracy 0 / 2 met price target | 3%downside $32 | Market Perform Maintained | 27 Feb 2025 |
JP Morgan Melissa Wedel 67% 1-year accuracy 10 / 15 met price target | 1%upside $34 | Overweight Maintained | 3 Feb 2025 |
Wells Fargo Finian O'Shea 52% 1-year accuracy 23 / 44 met price target | 6%downside $31 | Equal-Weight Maintained | 29 Jan 2025 |
Financial journalist opinion
Based on 21 articles about BXSL published over the past 30 days
Neutral
Seeking Alpha
1 day ago
Let's Talk Mortgage REITs (But Not For Too Long)
A bunch of mortgage REITs were severely overvalued. Now they are less overvalued. But some others are actually bargains. Tons of charts because images are fun. Ellington Financial's higher price-to-book ratio may be due to lower volatility in the total economic return by period. Digital Realty Trust deserves to be mocked. I am reporting for duty!
Positive
Seeking Alpha
4 days ago
Blackstone Secured Lending: Best-Of-Class Premium BDC
Blackstone Secured Lending Fund offers dividend safety and high credit quality, making it an excellent choice for passive income investors seeking stability and predictability. The BDC's focus on First Liens and floating-rate investments ensures high principal protection and impressive credit quality, justifying its 19% premium to NAV. Despite rising operating expenses, BXSL maintains a rock-solid 8% yield with a well-covered dividend, reflecting its strong financial health and sustainable payout ratio.
Neutral
Seeking Alpha
5 days ago
Risk-Off Mode In The BDC Market: 1 Overrated And 1 Underrated Pick
BDCs are meant to provide high-dividends, while preserving NAV. However, given the signs both in the stock market and in the real economy on the ground, BDC investors have to be extra careful. Currently, BDCs face several headwinds, which increase the risk of dividend cuts and price declines, especially within the more speculative and high-multiple segments.
Positive
Seeking Alpha
1 week ago
How I'd Invest $100,000 Right Now For Stagflation (Up To 10% Yields)
Worried about stagflation? These dividend machines could protect your portfolio and pay you up to 10% yields. Stocks you'll want to own before inflation bites again. These picks crush SCHD and VYM in yield—and might just help you sleep better through market chaos.
Positive
Seeking Alpha
1 week ago
My Dividend Stock Portfolio: New February Dividend Record - 100 Holdings With 11 Buys
February investments fell below $1,000, mainly in BDCs like Owl Rock Capital and Ares Capital, boosting annual dividend income by $77. Dividend income hit a new February record of $505, up 5% Y/Y driven by organic dividend growth. Focus remains firmly on maintaining rising BDC dividends and achieving a monthly increase of at least $100 in dividend income.
Positive
Seeking Alpha
1 week ago
Blackstone Secured Lending: One Of The Best BDCs For What Could Be Coming (Rating Downgrade)
Blackstone Secured Lending remains a top BDC due to strong liquidity, larger borrowers, and high first-lien loan exposure, despite economic uncertainty. BXSL's solid fundamentals include consistent $1 billion+ investments, low non-accrual rates, and strong NAV growth, but lower base rates impact net investment income. Valuation is high with a P/NAV ratio of 1.19x, suggesting limited upside; a better entry point may be near or below $30.
Negative
Seeking Alpha
2 weeks ago
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.
Positive
Seeking Alpha
2 weeks ago
Blackstone Secured Lending: Best-Of-Breed BDC With A 9% Yield
Blackstone Secured Lending is a top BDC choice due to its strong balance sheet, robust net funding trend, and reliable dividend coverage. Blackstone Secured Lending's non-accrual percentage remained exemplary in the fourth quarter. BXSL trades at a 21% premium to net asset value, reflecting its high-quality balance sheet and strong financial performance.
Negative
Seeking Alpha
2 weeks ago
BDC Weekly Review: JPMorgan Muscling In On Private Credit Turf
We take a look at the action in business development companies through the last week of February and highlight some of the key themes we are watching. BDCs remained flat amid volatile risk sentiment, with TCPC underperforming due to a poor quarter and dividend cut, while February saw slight overall gains for the sector. JPMorgan's $50bn direct lending initiative and merger of its commercial and investment banks could increase competition for BDCs in corporate lending.
Positive
Seeking Alpha
3 weeks ago
Buy These Smart 7-10% Yields For Retirement Income
Investing $1 million in the S&P 500 yields $12,100 annually. This may necessitate principal withdrawals for higher living expenses, which is risky in volatile markets like the current one. Morgan Stanley Direct Lending offers a 10% dividend yield, focusing on non-cyclical industries with a well-diversified, primarily first-lien loan portfolio and low leverage. Broadstone Net Lease provides a 6.9% yield with a diversified property portfolio, long lease terms, stable AFFO growth, and a strong balance sheet.
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