IREN proposes $875 million convertible notes offering due 2031
Blackstone Secured Lending Fund stock has reached a new 52-week low, hitting $25.88. While the stock has declined nearly 13% year-to-date, InvestingPro data shows the company maintains an impressive 11.8% dividend yield and has raised its dividend for 4 consecutive years. Technical indicators from InvestingPro suggest the stock is currently in oversold territory. Despite market headwinds, the company demonstrates solid fundamentals with a P/E ratio of 10.54 and robust revenue growth of 14.7% over the last twelve months. The 52-week low indicates a challenging period for Blackstone Secured Lending Fund, though InvestingPro analysis reveals additional insights about the company’s valuation and growth prospects in its comprehensive Pro Research Report, available to subscribers.
In other recent news, Blackstone Secured Lending Fund reported its financial results for the second quarter of 2025, which did not meet analysts’ expectations. The company’s earnings per share (EPS) were $0.77, slightly below the forecast of $0.79, representing a -2.53% surprise. Revenue was reported at $344.8 million, also missing the expected $353.87 million, resulting in a -2.56% revenue surprise. In addition to these financial updates, Blackstone Secured Lending Fund held its 2025 Annual Meeting of Shareholders, where three individuals were elected as Class I trustees to the Board of Trustees. Meanwhile, B.Riley initiated coverage on the company with a Buy rating, citing an 11% current dividend yield and a price target of $32.00. UBS also initiated coverage, but with a Neutral rating and a price target of $31.00, noting the company’s strong credit quality and conservative strategy. These developments provide investors with a comprehensive view of the company’s recent activities and analyst perspectives.
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