
BXSL Stock Forecast & Price Target
BXSL Analyst Ratings
Bulls say
Blackstone Secured Lending Fund has demonstrated strong financial performance, with an average quarterly net investment income (NII) of $0.88 per share over the last three years, indicating substantial earnings growth during this period. The fund's ability to increase its dividend coverage to an average of approximately 120% over the same timeframe reflects robust financial health and a commitment to returning value to shareholders. Additionally, the significant improvement in dividend coverage from 79% in the first quarter of 2022 to a projected average of 114% for 2024 further underscores the fund's positive outlook amidst rising nonaccrual rates in the broader Business Development Company (BDC) market.
Bears say
The Blackstone Secured Lending Fund (BXSL) is experiencing challenges as indicated by a projected decline in net investment income (NII) per share due to anticipated compression in the portfolio's weighted-average yield, which is expected to drop from approximately 10.3% to 9.1% over the next five quarters. This compression, coupled with a decrease of 1.4 basis points in the portfolio's weighted average yield since the June 2024 quarter end, suggests a weakening income generation capacity. Additionally, despite superior net asset value (NAV) and return on equity (ROE) metrics compared to its peer group, BXSL's stock price performance lagging by 10% year-to-date signifies a concerning disconnect that may be influenced by short-term market dislocation.
This aggregate rating is based on analysts' research of Blackstone Secured Lending Fund and is not a guaranteed prediction by Public.com or investment advice.
BXSL Analyst Forecast & Price Prediction
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