Blackstone Secured Lending Fund (NYSE:BXSL) Given New $22.00 Price Target at Wells Fargo & Company

Blackstone Secured Lending Fund (NYSE:BXSL) had its target price reduced by Wells Fargo & Company from $24.00 to $22.00 in a report issued on Friday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

Several other research firms have also recently weighed in on BXSL. B. Riley Financial cut shares of Blackstone Secured Lending Fund from a “buy” rating to a “neutral” rating and set a $24.50 price target on the stock. in a report on Thursday, April 9th. Royal Bank Of Canada cut their price target on shares of Blackstone Secured Lending Fund from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. UBS Group dropped their target price on shares of Blackstone Secured Lending Fund from $27.50 to $24.75 and set a “neutral” rating on the stock in a report on Friday, March 13th. Keefe, Bruyette & Woods lowered their price target on Blackstone Secured Lending Fund from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Finally, Wall Street Zen lowered 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.03.

Blackstone Secured Lending Fund Stock Performance

BXSL stock opened at $24.23 on Friday. The company has a market capitalization of $5.63 billion, a PE ratio of 12.69 and a beta of 0.40. Blackstone Secured Lending Fund has a one year low of $22.47 and a one year high of $32.81. The company’s 50 day moving average price is $24.03 and its two-hundred day moving average price is $25.58.

Blackstone Secured Lending Fund (NYSE:BXSL) last issued its earnings results on Thursday, May 7th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Blackstone Secured Lending Fund had a net margin of 31.63% and a return on equity of 11.65%. The company had revenue of $254.64 million for the quarter, compared to the consensus estimate of $353.15 million. On average, research analysts predict that Blackstone Secured Lending Fund will post 2.92 EPS for the current year.

Blackstone Secured Lending Fund Dividend Announcement

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

Institutional Investors Weigh In On Blackstone Secured Lending Fund

Several hedge funds and other institutional investors have recently made changes to their positions in BXSL. Empowered Funds LLC increased its position in shares of Blackstone Secured Lending Fund by 139.9% during the 1st quarter. Empowered Funds LLC now owns 18,340 shares of the company’s stock valued at $593,000 after purchasing an additional 10,696 shares during the last quarter. Invesco Ltd. increased its position in shares of Blackstone Secured Lending Fund by 15.9% during the 2nd quarter. Invesco Ltd. now owns 90,513 shares of the company’s stock valued at $2,783,000 after purchasing an additional 12,450 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Blackstone Secured Lending Fund during the 2nd quarter valued at about $2,122,000. NewEdge Advisors LLC lifted its position in shares of Blackstone Secured Lending Fund by 568.7% during the 2nd quarter. NewEdge Advisors LLC now owns 20,281 shares of the company’s stock valued at $624,000 after buying an additional 17,248 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in shares of Blackstone Secured Lending Fund during the 2nd quarter valued at approximately $455,000. Hedge funds and other institutional investors own 36.49% of the company’s stock.

Key Stories Impacting 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

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.