Blackstone Secured Lending Fund (BXSL) Set to Announce Earnings on Wednesday

Blackstone Secured Lending Fund (NYSE:BXSL) is scheduled to announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.92 per share for the quarter.

Blackstone Secured Lending Fund (NYSE:BXSL) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. Blackstone Secured Lending Fund had a net margin of 53.50% and a return on equity of 14.44%. The firm had revenue of $304.00 million for the quarter, compared to analyst estimates of $290.58 million. On average, analysts expect Blackstone Secured Lending Fund to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Blackstone Secured Lending Fund Price Performance

Shares of NYSE BXSL opened at $32.50 on Tuesday. Blackstone Secured Lending Fund has a 1-year low of $25.00 and a 1-year high of $32.65. The firm has a market capitalization of $6.23 billion, a PE ratio of 8.90 and a beta of 0.47. The business’s fifty day moving average price is $30.90 and its two-hundred day moving average price is $29.15.

Blackstone Secured Lending Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 9.48%. The ex-dividend date was Wednesday, March 27th. Blackstone Secured Lending Fund’s payout ratio is currently 84.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BXSL shares. Bank of America raised Blackstone Secured Lending Fund from a “neutral” rating to a “buy” rating in a research note on Monday, March 25th. Citigroup lifted their target price on shares of Blackstone Secured Lending Fund from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. raised their price target on shares of Blackstone Secured Lending Fund from $30.00 to $31.50 and gave the company an “overweight” rating in a report on Friday, April 12th. Raymond James reaffirmed a “market perform” rating on shares of Blackstone Secured Lending Fund in a report on Thursday, February 29th. Finally, Truist Financial upped their price target on Blackstone Secured Lending Fund from $30.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.92.

About Blackstone Secured Lending Fund

Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).