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Blackstone Secured Lending Fund (BXSL) stock

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NYSE: BXSL NYSE Asset Management & Custody Banks Next results ~November 9, 2026

Blackstone Secured Lending Fund is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$31

Valuation models combined (5)

Base case. Range ~$23–$39. Weighted average of 5 models (forward price-to-earnings vs peers, residual income, justified price-to-book, price-to-book vs peers, dividend discount (two-stage)), the forward price-to-earnings vs peers counting double.

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Blackstone Secured Lending Fund valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders4 buying, 0 selling5 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds195 adding, 165 cuttingOf 23 active managers that changed their stake, 10 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 14% in the quarter to 2026-06-30, the 4th beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 9 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 5.8% in a year.
  • Earnings expected to fall. The consensus expects earnings per share to fall 9% next year.

Latest results

Earnings per share
$0.75 against an average estimate of $0.66: beat by 13.7%
Share reaction
+5.1% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500

Blackstone Secured Lending Fund's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.6%
  • 1 week+3.3%
  • 1 month+0.3%
  • This year-1.0%
  • 1 year+1.5%
  • 5 years+39.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

EPS (TTM, diluted)
$1.27

Growth

Share count change
+5.8%

Earnings

Last results
August 6, 2026
Next results (est.)
November 9, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Shareholder vote
  2. Agreement
  3. Results
  4. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Blackstone Secured Lending Fund valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Blackstone Secured Lending Fund as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.72 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$23 ~$20–$30 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$31 ~$24–$41 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$33 ~$29–$39 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$39 ~$41–$100 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$33 ~$28–$41 Included
Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$31 ~$23–$39 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Blackstone Secured Lending Fund with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.83 −12% $1.3bn −10%
Next $2.57 −9% $1.3bn +0%

Next year's EPS estimate has moved −0.1% in 90 days, across 13 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.5% on 90 days ago. In the last 30 days, 9 analysts raised Blackstone Secured Lending Fund's forecast and 1 cut it.

Consensus EPS forecast Blackstone Secured Lending Fund, last 90 days
$2.50 $2.60 $2.70 $2.80 $2.90 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.74 Current fiscal year, 60 days ago: $2.82 Current fiscal year, 30 days ago: $2.84 Current fiscal year, 7 days ago: $2.84 Current fiscal year, Now: $2.83 $2.83 Next fiscal year, 90 days ago: $2.57 Next fiscal year, 60 days ago: $2.55 Next fiscal year, 30 days ago: $2.58 Next fiscal year, 7 days ago: $2.58 Next fiscal year, Now: $2.57 $2.57

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.74$2.57
60 days ago $2.82$2.55
30 days ago $2.84$2.58
7 days ago $2.84$2.58
Now $2.83$2.57

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.66 $0.75 +13.7%
Mar 2026 $0.74 $0.77 +4.5%
Dec 2025 $0.79 $0.80 +1.8%
Sept 2025 $0.79 $0.82 +4.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

13 analysts, Oct 2026
Buy538%
Hold754%
Sell18%

Monthly trend

  1. Oct 2026237113
  2. Sep 2026236112
  3. Aug 2026236112
  4. Jul 2026236112

Counts of recommendations published by analysts covering Blackstone Secured Lending Fund, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.6%
of tradable shares
Days to cover
7.17
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
46%
of shares
Held by insiders
8.6%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 20222023202420252026 to date
Return
BXSL−26%+38%+29%−9%−1%
Industry peers (median)−17%+19%+15%−4%−6%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
BXSL33%75%67%50%46%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
BXSL−31%−8%−9%−22%−13%
S&P 500−25%−10%−8%−19%−9%

Worst fall since October 28, 2021: 37% from December 23, 2021 to July 6, 2022. Getting back needed a 58% gain, reached on February 23, 2024, 597 days after the low.

Price behaviour

52-week range
$21.35 – $25.05
From 52-week high
−5.5%
vs 50-day average
−0.5%
vs 200-day average
+3.5%
Volatility (1 year)
21%
Beta vs S&P 500
0.48

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±1.8%
After a week
7 up, 5 down
typical move ±3.0%
After a month
7 up, 5 down
typical move ±4.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +5.1% +0.5% +7.2% +5.9%
May 7, 2026 −1.5% +0.5% −1.8% −4.7%
February 25, 2026 +2.5% +0.3% +2.3% +0.7%
November 10, 2025 +0.6% +1.8% −1.1% +7.0%
August 6, 2025 −3.3% +0.7% −3.2% −6.1%
May 7, 2025 +1.0% +1.1% +6.0% +8.6%
February 26, 2025 −2.5% −1.5% −4.7% −2.0%
November 12, 2024 −0.5% −0.3% +1.0% +3.2%
August 7, 2024 +1.8% +1.6% +2.0% +1.7%
May 8, 2024 −1.2% +0.6% −5.2% −2.6%
February 28, 2024 −1.1% +0.2% +0.3% +6.7%
November 8, 2023 −1.1% −0.7% +0.7% −0.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Dividends, buybacks and capital spending

Dividends (TTM)
$683M
Diluted share count
+5.8%
year over year
Dividend payout ratio
233%
of net income paid out

Who owns it

Funds buying and selling
Reported value
$2.1B
Institutions reporting
358
Shares held vs prior quarter
▲ 6.2%
Positions opened / closed
51 / 67

Top buyers and sellers, Q2 2026: 195 institutions bought and 165 sold ; the biggest buyer was Van Eck Associates Corp (+2.0M shares) and the biggest seller King Street Capital Management, L.P (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Morgan Stanley $151M 6.4M 7.2% ▲ 6.0%
Bank Of America Corp $134M 5.6M 6.4% ▼ 2.2%
UBS Group AG $122M 5.1M 5.8% ▲ 8.4%
Van Eck Associates Corp $98.7M 4.2M 4.7% ▲ 96.3%
Strs Ohio $94.8M 4.0M 4.5% 0.0%
Ensign Peak Advisors, Inc $78.1M 3.3M 3.7% ▲ 26.6%
Blackstone Inc. $76M 3.2M 3.6% 0.0%
Nomura Asset Management Co Ltd $74.8M 3.2M 3.6% ▼ 11.4%
Generali Asset Management Spa Sgr $61.7M 2.6M 3.0% ▲ 3.3%
Corient Private Wealth LP $54M 2.3M 2.6% ▼ 9.9%
Omers Administration Corp $52.6M 2.2M 2.5% 0.0%
Wells Fargo & Company $47.3M 2.0M 2.3% ▼ 2.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Blackstone Secured Lending Fund's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $170,515 5 trades by 4 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $170,515 net buying
Insider Date Trade Shares Price Value
Bass Robert J 10% owner May 12, 2026 Buy 2,095 $23.80 $49,861
Enns Lucie See Remarks March 13, 2026 Buy 1,045 $23.48 $24,537
Clark James Frederic 10% owner March 11, 2026 Buy 750 $23.78 $17,835
Rubenstein Katherine Chief Operating Officer March 10, 2026 Buy 1,035 $24.08 $24,923
Clark James Frederic 10% owner November 11, 2025 Buy 2,000 $26.68 $53,360

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 9, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 25, 2026
  • November 10, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Blackstone Secured Lending Fund was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Blackstone Secured Lending Fund in brief

What does Blackstone Secured Lending Fund do?
Blackstone Secured Lending Fund is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
What is Blackstone Secured Lending Fund's stock ticker?
Blackstone Secured Lending Fund trades under the ticker BXSL on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Blackstone Secured Lending Fund's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Morgan Stanley, Bank Of America Corp and UBS Group AG. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does Blackstone Secured Lending Fund pay a dividend?
Yes: Blackstone Secured Lending Fund paid $683M in dividends over the trailing twelve months and a payout ratio of 232.8%.
Are insiders buying or selling Blackstone Secured Lending Fund stock?
Over the last 12 months, Blackstone Secured Lending Fund's directors and officers reported 5 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Blackstone Secured Lending Fund's next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Blackstone Secured Lending Fund announces its own schedule.