RBC Capital analyst Kenneth Lee lowered the firm's price target on Blackstone Secured Lending Fund to $28 from $29 but keeps an Outperform rating on the shares after the company's Q4 results. The company's credit performance was still solid, and while it may reduce common dividends modestly sometime in 2026 given potential net interest income impact from base rate declines, Blackstone still sports an attractive 11.5% dividend yield, the analyst tells investors in a research note.
