Blackstone Secured Lending Fund (NYSE:BXSL) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Blackstone Secured Lending Fund (NYSE:BXSL) announced its quarterly earnings results on Thursday. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02, Zacks reports. The firm had revenue of $254.64 million during the quarter, compared to the consensus estimate 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 Down 0.5%

NYSE:BXSL traded down $0.13 during trading hours on Friday, reaching $24.23. 2,865,115 shares of the company’s stock were exchanged, compared to its average volume of 2,786,223. Blackstone Secured Lending Fund has a 1-year low of $22.47 and a 1-year high of $32.81. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 7.65 and a beta of 0.40. The company has a 50-day moving average of $24.03 and a 200 day moving average of $25.58.

Blackstone Secured Lending Fund Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on BXSL. JPMorgan Chase & Co. reduced their price objective on shares of Blackstone Secured Lending Fund from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Truist Financial cut their price target on shares of Blackstone Secured Lending Fund from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Wells Fargo & Company reduced their price target on shares of Blackstone Secured Lending Fund from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Friday. Keefe, Bruyette & Woods decreased their price objective on shares of Blackstone Secured Lending Fund from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Finally, Wall Street Zen cut Blackstone Secured Lending Fund from a “hold” rating to a “sell” rating in a research report on Sunday, March 1st. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.03.

Institutional Investors Weigh In On Blackstone Secured Lending Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Armistice Capital LLC acquired a new stake in Blackstone Secured Lending Fund during the 4th quarter worth approximately $300,000. Capital Planning Advisors LLC purchased a new position in Blackstone Secured Lending Fund during the 4th quarter worth $255,000. Captrust Financial Advisors acquired a new stake in shares of Blackstone Secured Lending Fund in the 4th quarter worth $259,000. Advyzon Investment Management LLC lifted its stake in shares of Blackstone Secured Lending Fund by 13.8% in the 4th quarter. Advyzon Investment Management LLC now owns 10,359 shares of the company’s stock worth $273,000 after acquiring an additional 1,257 shares during the period. Finally, Wedbush Securities Inc. purchased a new stake in shares of Blackstone Secured Lending Fund in the fourth quarter valued at about $244,000. 36.49% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Blackstone Secured Lending Fund

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

Blackstone Secured Lending Fund Company Profile

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.