Blackstone Secured Lending Fund (NYSE:BXSL – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.01), Zacks reports. Blackstone Secured Lending Fund had a return on equity of 14.06% and a net margin of 55.54%. The firm had revenue of $327.06 million during the quarter, compared to the consensus estimate of $310.23 million. During the same quarter in the previous year, the company posted $1.06 EPS.
Blackstone Secured Lending Fund Stock Down 0.2 %
BXSL traded down $0.05 during trading hours on Friday, hitting $29.90. The stock had a trading volume of 610,468 shares, compared to its average volume of 926,807. The stock has a market cap of $5.75 billion, a PE ratio of 7.97 and a beta of 0.44. The company’s fifty day simple moving average is $30.85 and its 200 day simple moving average is $30.54. Blackstone Secured Lending Fund has a 1 year low of $25.83 and a 1 year high of $32.67.
Blackstone Secured Lending Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 10.30%. The ex-dividend date of this dividend is Monday, September 30th. Blackstone Secured Lending Fund’s dividend payout ratio (DPR) is 82.13%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Blackstone Secured Lending Fund
About Blackstone Secured Lending Fund
Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).
Further Reading
- Five stocks we like better than Blackstone Secured Lending Fund
- Buy P&G Now, Before It Sets A New All-Time High
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
- About the Markup Calculator
- MarketBeat Week in Review – 8/5 – 8/9
- Financial Services Stocks Investing
- The Cannabis Sector: Profitability Takes Center Stage
Receive News & Ratings for Blackstone Secured Lending Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Secured Lending Fund and related companies with MarketBeat.com's FREE daily email newsletter.