BXSL Overview

Analyst Recommendation: B of A Securities has maintained a Buy recommendation for Blackstone Secured Lending Fund (BXSL), with an average one-year price target of $30.79/share, indicating an 11.62% upside from its current price of $27.58/share.

Fund Sentiment: There are currently 401 funds reporting positions in BXSL, reflecting a slight decrease in ownership. The average portfolio weight for these funds has increased to 0.33%.

Institutional Holdings Changes: Major institutional investors have adjusted their holdings in BXSL, with Bank of America reducing its shares by 37.33%, while CI Private Wealth significantly increased its allocation by over 5,200%.

Revenue Projections: The projected annual revenue for Blackstone Secured Lending Fund is estimated at $1,105 million, showing a decrease of 21.84%, with a projected non-GAAP EPS of 3.28.

Analyst Rating Changes: Several Wall Street analysts have adjusted their price targets for various companies, with notable changes including Ascendiant Capital lowering 60 Degrees Pharmaceuticals' target from $3 to $2.8 while maintaining a Buy rating.

Price Target Increases: UBS raised the price target for Five Below from $184 to $204, and Telsey Advisory Group increased Macy's target from $17 to $22, both maintaining Buy or Market Perform ratings.

Price Target Decreases: JP Morgan cut the price target for Cabot Corp from $75 to $54 and Orion SA from $9 to $5, both maintaining Underweight ratings.

Mixed Ratings: Barclays adjusted targets for several companies, including raising Abercrombie & Fitch's target from $84 to $94 while maintaining an Equal-Weight rating, and cutting Dick’s Sporting Goods' target from $246 to $242 but keeping an Overweight rating.

Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.

Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.

Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.

Market Winning Tools: The platform provides essential tools and information to help traders succeed in the stock market.

Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.

Exclusive Stories: The platform provides unique stories generated by Benzinga reporters, enhancing the trading experience for its users.

Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, sharing insights and strategies.

Market Intelligence: Benzinga Pro aims to deliver the most accurate stock market intelligence to help traders succeed.

Management Insights: Blackstone Secured Lending Fund (BXSL) reported a significant increase in deal activity, with leverage at 1.22x and non-accruals at a low 0.1%. The company emphasized a stable portfolio and a 63% year-over-year rise in M&A activity.

Financial Performance: BXSL's net investment income reached $189 million, or $0.82 per share, with total investment income up 4.7% year-over-year. The NAV per share decreased slightly to $27.15, attributed to losses on a few positions.

Outlook and Strategy: Management anticipates continued active deal flow and attractive spreads compared to traditional fixed income, while also monitoring dividend levels in response to changing rates and earnings.

Analyst Sentiment: Analysts expressed cautious optimism regarding portfolio performance and private credit demand, while remaining focused on risks related to dividend sustainability and credit quality amidst market fluctuations.