
BXSL Stock Forecast & Price Target
BXSL Analyst Ratings
Bulls say
Blackstone Secured Lending Fund has demonstrated a robust average quarterly net investment income (NII) of $0.88 per share over the last three years, indicating significant earnings growth during this period. The fund has exhibited a positive trend in dividend coverage, with an improvement from 79% in the first quarter of 2022 to a projected average of 114% for 2024, underscoring its ability to generate reliable income for shareholders. Despite rising nonaccruals in the broader business development company (BDC) sector, Blackstone Secured remains well-positioned with a strong performance relative to its peers, contributing to an optimistic outlook for its stock.
Bears say
Blackstone Secured Lending Fund has experienced a considerable divergence between its net asset value (NAV) and return on equity (ROE) metrics, which surpass those of its Buy-rated counterparts, yet its stock price performance has lagged by 10% year-to-date, suggesting a significant near-term price dislocation. Additionally, the company is facing a projected decline in net investment income (NII) per share due to an anticipated compression of approximately 120 basis points in the portfolio's weighted-average yield, expected to drop from 10.3% to 9.1% over the next five quarters. This decline in yield reflects a broader trend, as the portfolio's weighted average yield has already decreased by 1.4% from the June 2024 quarter end, reinforcing concerns regarding the sustainability of income generation for the fund.
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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