
BXSL Stock Forecast & Price Target
BXSL Analyst Ratings
Bulls say
Blackstone Secured Lending Fund reported a 4.7% year-over-year increase in total investment income, driven by heightened interest income from a rapidly expanding portfolio, which saw total fundings rise by approximately 90% quarter-over-quarter. The company's strong financial performance is further underscored by a significant increase in net originations, reaching around $600 million, predominantly from first-lien senior secured loans, with an average loan-to-value ratio of approximately 45%. Moreover, management's commentary indicates improving dividend coverage, which has risen from 79% in the first quarter of 2022 to a projected quarterly average of 114% for 2024, suggesting a robust capacity for sustaining attractive dividend payouts.
Bears say
Blackstone Secured Lending Fund's net asset value (NAV) per share has decreased by $0.18 to $27.15, reflecting realized and unrealized losses that could impact investor confidence. The projected compression in the portfolio's weighted-average yield, expected to decline from 10.3% to 9.1% over the next five quarters, suggests a significant downturn in net investment income per share, further indicating potential earnings pressure. Additionally, challenges in accessing capital markets could limit the company's growth potential and negatively influence dividend distributions, fostering a negative outlook on the stock's 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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