Key Details
Price
$189.02Last Dividend
$0.86Annual ROE
7.37%Beta
1.35Events Calendar
Next earnings date:
Jan 24, 2025Recent quarterly earnings:
Oct 17, 2024Recent annual earnings:
Jan 25, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Oct 28, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
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Institutional Ownership
Blackstone Secured Lending is a leading BDC investment because it has strong dividend support, a high-quality portfolio, and a low rate of non-accruals. Its first lien strategy and strict lending standards help reduce the risk of loan losses, which keeps the portfolio stable and builds investor trust. Even with a 21% premium, BXSL's reliable dividend coverage and solid 10% yield make the higher price reasonable.
NEW YORK--(BUSINESS WIRE)--Blackstone and Santander Corporate & Investment Banking have reached a deal where Blackstone Credit & Insurance (“BXCI”) will purchase shares in a $1 billion portfolio of top-quality infrastructure loans from Santander. This portfolio mainly includes loans for assets in Western Europe and the US, focusing on digital infrastructure, renewable energy, energy efficiency, and transportation. Robert H.
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has announced the pricing of a private sale of $450 million in senior secured notes with a 7.750% interest rate, due in 2029. The company plans to use the funds raised from this offering for general business needs, such as reducing current secured debt. The closing of the notes offering is anticipated to take place on December 10, 2024, pending standard closing conditions.
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has announced the start of a private offering for $450 million in senior secured notes that will mature in 2029. The company plans to use the funds raised from this offering for various corporate needs, such as reducing current secured debt. This offering and its associated guarantees will take place in a private transaction.
Blackstone Secured Lending provides a strong 9.8% dividend yield, appealing to investors looking for income in a competitive market. Its portfolio mainly consists of first-lien senior secured debt, which has a low non-accrual rate and benefits from Blackstone's strong network. The Q3 results indicate significant portfolio growth, solid dividend coverage, and an increase in NAV per share, backed by a cautious balance sheet and an improved investment-grade credit rating.
On Tuesday, the S&P 500 and the Nasdaq Composite both rose, thanks to a boost from Nvidia's stock. Here are the key points CNBC is watching as we head into Wednesday.
The asset management company Blackstone is set to acquire a majority stake in the sandwich chain Jersey Mike's, with the deal valuing the company at around $8 billion.
Blackstone Inc (NYSE:BX) has purchased the sandwich chain Jersey Mike's in a deal that values the company at $8 billion. On Tuesday, the private equity firm revealed that it now holds a "majority ownership position" in Jersey Mike's.
Blackstone Secured Lending reported impressive growth in its latest earnings, with significant increases in net asset value and income, making it a good option for long-term investment. The company's high exposure to first-lien loans and low rates of non-accrual loans demonstrate its strong credit quality and effective management. With a dividend coverage of 118% and a favorable price-to-net asset value ratio of 1.16x, BXSL remains an appealing buy, even though it is trading at a premium.
My investment portfolio, called Rose's Income Garden (RIG), is well-diversified with 84 investments in all 11 sectors, which helps it withstand market changes. Even though there were three dividend cuts in October, I still hold onto Medical Properties Trust, Blackstone Mortgage Trust, and Ready Capital because they offer high yields and the chance for recovery. While high-yield investments can be risky, they can also be very rewarding; my portfolio has increased in value by 15.54% this year and has a yield of 5.4%.
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