Blackstone Secured Lending Fund (BXSL) Scheduled to Post Earnings on Tuesday

Blackstone Secured Lending Fund (NYSE:BXSL - Get Free Report) is set to announce its earnings results 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 - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $327.06 million during the quarter, compared to the consensus estimate of $310.23 million. Blackstone Secured Lending Fund had a return on equity of 13.36% and a net margin of 58.08%. During the same quarter in the prior year, the business earned $1.06 earnings per share. 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 Stock Performance

Blackstone Secured Lending Fund stock traded up $0.24 during mid-day trading on Tuesday, hitting $30.63. The company's stock had a trading volume of 524,992 shares, compared to its average volume of 936,088. The stock has a market cap of $6.32 billion, a PE 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. The company has a 50 day moving average of $30.24 and a 200-day moving average of $30.68.

Blackstone Secured Lending Fund Dividend Announcement

The company also recently declared 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 10.06%. The ex-dividend date was Monday, September 30th. Blackstone Secured Lending Fund's payout ratio is 79.79%.

Analyst Upgrades and Downgrades

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

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).