
BXSL Stock Forecast & Price Target
BXSL Analyst Ratings
Bulls say
Blackstone Secured Lending Fund reported a total investment income increase of $14 million, or 4.7% year-over-year, attributed to a significant growth in portfolio interest income. The fund experienced a robust quarter, with total fundings reaching over $1 billion, a 90% increase quarter-over-quarter, and net originations up 65%, primarily composed of first lien senior secured loans with a favorable average loan-to-value ratio of approximately 45%. Furthermore, the firm demonstrated strong earnings growth, evidenced by an average quarterly net investment income of $0.88 per share over the past three years, coupled with improving dividend coverage rising from 79% in Q1 2022 to an average of 114% for 2024.
Bears say
Blackstone Secured Lending Fund experienced a decrease in net asset value (NAV) per share by $0.18, reflecting net realized and unrealized losses, which raises concerns about the overall financial health of the fund. The anticipated compression of portfolio yield by approximately 120 basis points over the next five quarters forecasts a decline in net investment income (NII) per share, further diminishing potential returns for investors. Additionally, the fund's recent NAV was 0.9% lower than estimates, compounded by challenges in accessing capital markets, which could hinder growth and adversely affect both earnings and dividend distributions.
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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