Blackstone Secured Lending Fund stock initiated at Neutral by UBS

Investing.com - UBS initiated coverage on Blackstone Secured Lending Fund (NYSE:BXSL) with a Neutral rating and a $31.00 price target. According to InvestingPro data, BXSL currently trades at $28.77 with a P/E ratio of 10.54x, while its RSI suggests the stock is in oversold territory.

The investment bank expects BXSL to maintain strong credit quality, citing both "intangibles" related to the quality of the Blackstone platform and "tangibles" such as the company’s more conservative strategy with a higher level of first lien loans.

UBS projects a 17.1% total return potential for BXSL over the next 12 months, with the majority (10.1%) coming from dividend income and the remainder (7.0%) from share price appreciation.

Despite the positive return outlook, UBS noted that multiple expansion for the stock could be limited by "the risk of a dividend reduction."

The financial firm’s analysis suggests investors can expect solid returns from the Blackstone-managed business development company, though the Neutral rating indicates UBS sees the stock as fairly valued at current levels.

In other recent news, Blackstone Secured Lending Fund reported its financial results for the second quarter of 2025, which showed mixed outcomes. The company’s earnings per share (EPS) were $0.77, slightly below the analysts’ expectations of $0.79, resulting in a surprise of -2.53%. Additionally, Blackstone Secured Lending Fund’s revenue reached $344.8 million, which was lower than the anticipated $353.87 million, leading to a revenue surprise of -2.56%. These results reflect the challenges the company faced in meeting market projections. Analysts had predicted different figures, indicating a deviation from their forecasts. The financial results are crucial for investors as they provide insights into the company’s recent performance. These developments are part of the ongoing updates concerning Blackstone Secured Lending Fund.

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