
BXSL Stock Forecast & Price Target
BXSL Analyst Ratings
Bulls say
Blackstone Secured Lending Fund has demonstrated a consistent average quarterly net investment income (NII) of $0.88 per share over the past three years, signaling meaningful earnings growth during this period. The fund has also experienced notable improvements in dividend coverage, rising from 79% in the first quarter of 2022 to an anticipated average of 114% for 2024, indicating strong financial health. Despite challenges in the broader business development company (BDC) sector, with median nonaccruals trending upwards, Blackstone Secured's performance highlights its effective management and capacity to generate consistent income.
Bears say
Blackstone Secured Lending Fund has demonstrated strong net asset value (NAV) and return on equity (ROE) metrics, outperforming its peer group, yet has experienced a price performance decline of 10% year-to-date, attributed to near-term price dislocations. The anticipated compression of approximately 120 basis points in the portfolio's weighted-average yield, decreasing from 10.3% to 9.1% over the next five quarters, is expected to negatively impact net investment income (NII) per share. Additionally, the recent decline of 1.4% in the portfolio’s weighted average yield further underscores the challenges that may adversely affect future financial performance.
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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