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 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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
162% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 21
76% more repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 79
13% more call options, than puts
Call options by funds: $12M | Put options by funds: $10.6M
11% more funds holding
Funds holding: 300 [Q2] → 334 (+34) [Q3]
2.85% less ownership
Funds ownership: 35.66% [Q2] → 32.8% (-2.85%) [Q3]
8% less capital invested
Capital invested by funds: $2.1B [Q2] → $1.94B (-$164M) [Q3]
9% less funds holding in top 10
Funds holding in top 10: 11 [Q2] → 10 (-1) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$29
10%
downside
Avg. target
$31
5%
downside
High target
$32
0%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Wells Fargo Finian O'Shea 61% 1-year accuracy 22 / 36 met price target | 10%downside $29 | Equal-Weight Downgraded | 2 Dec 2024 |
Compass Point Casey Alexander 60% 1-year accuracy 9 / 15 met price target | 0%upside $32 | Buy Maintained | 15 Nov 2024 |
Financial journalist opinion
Based on 18 articles about BXSL published over the past 30 days
Positive
Seeking Alpha
3 days ago
My Dividend Stock Portfolio: New November Dividend Record - 97 Holdings With 18 Buys
In November, I invested $1,400 primarily in Business Development Companies, boosting my yearly dividend income by $148, with a YTD total exceeding $1,400. My portfolio achieved all-time highs, driven by a strong earnings season and a dovish Fed, with BDCs like Goldman Sachs BDC and Blackstone Secured Lending Fund as key picks. November's dividend income hit a record $620, a 20% Y/Y growth, mainly due to ongoing investments into Hercules Capital.
Positive
Seeking Alpha
4 days ago
I Am Loading Up On These 2 High-Flying High-Yield Sectors For 2025
AI stocks have dominated the markets over the past few years. However, there are a few other sectors that have also shined over the past few years. I share two high-flying big dividend sectors that, I think, will continue to outperform in 2025.
Neutral
Seeking Alpha
4 days ago
5 BDCs With High Dividend Resistance To Falling Interest Rates
The financial outlook for many BDCs is not promising. Already lower base rates will continue to depress results in Q4 reports. The trajectory for SOFR is not great either.
Positive
Seeking Alpha
4 days ago
11-14% Yields: Give Yourself The Gift Of Dividends For Christmas
Big dividend stocks are on a big holiday sale this Christmas season. Even in some of the most in-favor sectors of the high-yield space, bargains can still be found. I share some well-covered 11-14% dividend yields that can be found on the bargain rack.
Positive
Seeking Alpha
4 days ago
Blackstone Secured Lending Fund: Rock-Solid Option For Income Investors
BXSL is a dominant BDC that focuses on strategic expansion done safely while maintaining a robust and versatile company portfolio. Its experienced leadership team is disciplined and confident. Integration within the Blackstone ecosystem demonstrably enhances BXSL's ability to create new commitments and funding.
Positive
Seeking Alpha
1 week ago
BDC Weekly Review: BDCs Have Overcome The August Dip
We take a look at the action in business development companies through the first week of December and highlight some of the key themes we are watching. BDCs experienced a slight decline this week, but are up nearly 10% year-to-date. Wrapping up Q3 earnings: WHF had a -2% total NAV return with rising non-accruals, while BXSL posted a strong 3.2% total NAV return.
Positive
Seeking Alpha
1 week ago
Blackstone Secured Lending: Outperformance Streak Continues; Watch Valuation
Blackstone Secured Lending delivered a 3.2% total NAV return in Q3, outperforming the sector median. BXSL trades at a 17% premium to book value and offers a 9.7% dividend yield, with net income yield on price at 11.5%. The company's portfolio quality remains high with low non-accruals and strong diversification, though the net yield margin has fallen due to tighter spreads and higher interest expense.
Positive
Seeking Alpha
1 week ago
10% Yields: 2 Well-Covered Big Dividends The Market Is Sleeping On
The market rarely offers 10%+ yielding common equities that have a low risk of facing a cut. However, once in a while it offers up compelling opportunities like this. I share two 10%+ yields that are well-covered, and the market appears to be sleeping on them.
Negative
Seeking Alpha
1 week ago
Dividend Cut Alert: 2 BDCs With Likely Lower Dividends In 2025
BDCs offer attractive opportunities for income investors to enhance their portfolio yields. Yet, since the yields are so enticing, the chances are high for getting caught in value traps. In the article I elaborate on two BDCs that are very close to cutting their dividends with a high probability of making the announcements in 2025.
Positive
Seeking Alpha
1 week ago
Dividend Harvesting Portfolio Week 197: $19,700 Allocated, $1,889.19 In Projected Dividends
This week saw market gains and a slight decline in my Dividend Harvesting Portfolio, emphasizing the importance of staying grounded and vigilant in investing. The portfolio's profitability stands at 27.94%, with forward annualized dividend income reaching $1,889.19, showcasing the success of my diversified, income-focused strategy. I added to NEOS S&P 500 High Income ETF and Blackstone Secured Lending Fund, boosting dividend income and positioning for future growth in a lower rate environment.
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