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

Blackstone Secured Lending Fund (NYSE:BXSL) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.90 per share for the quarter.

Blackstone Secured Lending Fund (NYSE:BXSL) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). The business had revenue of $327.06 million during the quarter, compared to the consensus estimate of $310.23 million. Blackstone Secured Lending Fund had a net margin of 58.08% and a return on equity of 13.36%. During the same quarter last year, the company earned $1.06 EPS. 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

NYSE BXSL opened at $30.39 on Tuesday. The business’s fifty day moving average is $30.24 and its 200-day moving average is $30.68. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 7.87 and a beta of 0.42. Blackstone Secured Lending Fund has a one year low of $27.23 and a one year high of $32.67.

Blackstone Secured Lending Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, September 30th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 10.13%. The ex-dividend date was Monday, September 30th. Blackstone Secured Lending Fund’s dividend payout ratio is currently 79.79%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Blackstone Secured Lending Fund from $31.50 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Wells Fargo & Company lowered their price target on Blackstone Secured Lending Fund from $32.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $33.00 price objective on shares of Blackstone Secured Lending Fund in a research report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.80.

Blackstone Secured Lending Fund Company Profile

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).