Blackstone Secured Lending Fund (NYSE:BXSL) Releases Earnings Results, Beats Estimates By $0.02 EPS

Blackstone Secured Lending Fund (NYSE:BXSL) released its quarterly earnings results on Thursday. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02, Zacks reports. The business had revenue of $254.64 million during the quarter, compared to analysts’ expectations of $353.15 million. Blackstone Secured Lending Fund had a return on equity of 11.65% and a net margin of 31.63%.

Here are the key takeaways from Blackstone Secured Lending Fund’s conference call:

• BXSL generated $0.77 per share of net investment income in Q1, fully covering the dividend and the firm reaffirmed the quarterly payout while retaining roughly $1.80 of undistributed NII per share to reinvest or bridge distributions.
• NAV fell to $26.26 (down ~2.5% q/q) driven by spread widening and marks, and the quarter added three new non-accruals (Medallia, Affordable Care, Paramount) that, together with software markdowns tied to AI concerns, concentrated much of the markdown activity.
• Repayment activity was strong—~$450M repaid in Q1 with visibility to over $600M near-term—and several marked-down positions were repaid at par (e.g., SelectQuote, Colony Hardware, AEVEX), providing realizations that can be redeployed or used for share buybacks.
• BXSL highlights defensive positioning — ~98% first‑lien exposure, ~50% average junior capital cushion, rigorous private‑lending documentation, high embedded income, and Blackstone’s scale/AI and digital‑infrastructure expertise (e.g., GPU financings) — which management says supports recovery prospects and long‑term outperformance.

Blackstone Secured Lending Fund Stock Performance

Shares of BXSL traded down $0.13 during midday trading on Friday, hitting $24.23. The company had a trading volume of 2,865,115 shares, compared to its average volume of 2,786,223. The company’s 50-day simple moving average is $24.03 and its 200-day simple moving average is $25.58. The firm has a market capitalization of $5.63 billion, a P/E ratio of 12.69 and a beta of 0.40. Blackstone Secured Lending Fund has a 1 year low of $22.47 and a 1 year high of $32.81.

Blackstone Secured Lending Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Tuesday, June 30th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Tuesday, June 30th. Blackstone Secured Lending Fund’s dividend payout ratio (DPR) is presently 161.26%.

Hedge Funds Weigh In On Blackstone Secured Lending Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Osterweis Capital Management Inc. purchased a new position in shares of Blackstone Secured Lending Fund in the 4th quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Blackstone Secured Lending Fund in the 4th quarter valued at about $70,000. Ankerstar Wealth LLC purchased a new position in shares of Blackstone Secured Lending Fund in the 4th quarter valued at about $79,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Blackstone Secured Lending Fund during the 4th quarter worth about $167,000. Finally, Prosperity Consulting Group LLC acquired a new stake in shares of Blackstone Secured Lending Fund during the 3rd quarter worth about $214,000. Hedge funds and other institutional investors own 36.49% of the company’s stock.

Analyst Upgrades and Downgrades

BXSL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Blackstone Secured Lending Fund from $27.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Wells Fargo & Company lowered their target price on Blackstone Secured Lending Fund from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Friday. Royal Bank Of Canada lowered their target price on Blackstone Secured Lending Fund from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. UBS Group lowered their target price on Blackstone Secured Lending Fund from $27.50 to $24.75 and set a “neutral” rating for the company in a report on Friday, March 13th. Finally, Wall Street Zen cut Blackstone Secured Lending Fund from a “hold” rating to a “sell” rating in a report on Sunday, March 1st. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Secured Lending Fund has a consensus rating of “Hold” and a consensus price target of $26.03.

More Blackstone Secured Lending Fund News

Here are the key news stories impacting Blackstone Secured Lending Fund this week:

• Positive Sentiment: BXSL reported first-quarter EPS of $0.77, topping analyst estimates of $0.75, and said net investment income fully covered its quarterly dividend, reinforcing the fund’s ability to support its payout. Blackstone Secured Lending Fund Reports First-Quarter 2026 Results
• Positive Sentiment: The board declared a quarterly dividend of $0.77 per share, which supports BXSL’s income-focused appeal for investors looking for yield. Blackstone Secured Lending Fund Reports First-Quarter 2026 Results
• Neutral Sentiment: BXSL’s first-quarter revenue came in below expectations even as EPS beat estimates, leaving the earnings release somewhat mixed rather than uniformly strong. MarketBeat BXSL Earnings Summary
• Neutral Sentiment: Wells Fargo cut its price target on BXSL to $22 from $24 and kept an underweight rating, signaling concern that the stock may be overvalued relative to current fundamentals. Benzinga: Wells Fargo Cuts BXSL Price Target
• Negative Sentiment: News reports highlighted widening portfolio discount and rising unrealized losses, raising worries about asset quality and future book value pressure. Reuters: Blackstone Secured Lending portfolio discount widens as unrealized losses rise

About Blackstone Secured Lending Fund

Blackstone Secured Lending Fund (NYSE: BXSL) is a closed-end management investment company sponsored by Blackstone Credit, the credit-oriented business of Blackstone Inc Launched in May 2020, BXSL seeks to deliver attractive risk-adjusted returns primarily through current income and, to a lesser extent, capital appreciation. The fund raises capital from institutional and retail investors and deploys it into a diversified portfolio of senior secured loans and other credit instruments.

The fund’s principal investment focus is on first-lien senior secured loans and unitranche debt extended to middle-market companies across North America.