Core Insights - Blackstone Secured Lending (NYSE: BXSL) is currently offering its highest dividend yield on record, but the coverage is extremely tight, raising concerns about a potential dividend cut as the Federal Reserve is expected to reduce rates by 50 to 75 basis points [1] Group 1: Company Performance - The equity market is highlighted as a powerful mechanism for wealth creation or destruction over the long term, indicating the importance of market dynamics in evaluating investment opportunities [1] Group 2: Investment Strategy - Pacifica Yield aims to pursue long-term wealth creation by focusing on undervalued yet high-growth companies, high-dividend stocks, REITs, and green energy firms, suggesting a strategic approach to investment in these sectors [1]

Samuel Smith has a diverse background that includes being lead analyst and Vice President at several highly regarded dividend stock research firms and running his own dividend investing YouTube channel. He is a Professional Engineer and Project Management Professional and holds a B.S. in Civil Engineering & Mathematics from the United States Military Academy at West Point and has a Masters in Engineering from Texas A&M with a focus on applied mathematics and machine learning.Samuel leads the High Yield Inve ...

Core Insights - The article focuses on high-yield stocks, particularly Business Development Companies (BDCs), and highlights several included in the VanEck BDC Income ETF (BIZD) [1][3] BDC Holdings - The top three holdings in the BIZD ETF include Ares Capital Corp. (ARCC), Blue Owl Capital Corp. (OBDC), and Main Street Capital Corp. (MAIN), with respective holdings of 16.58%, 10.27%, and 8.81% [2] - Other notable BDCs mentioned include Hercules Capital Inc. (Hercules), Golub Capital BDC Inc. (GBDC), and Blackstone Secured Lending Fund (EXST) [2] Market Trends - BDCs have experienced a significant decline in share prices recently, with an average drop of 7% to 9% in under a month, which is unusual for this sector [20][22] - The overall sector values have decreased by approximately 4% to 7% for the year [22] Dividend Outlook - Most BDCs have not yet cut dividends, but reductions are anticipated due to a sharp decrease in short-term interest rates, which will likely lower net interest income [5][7] - The BIZD ETF and recent picks yield around 12% based on trailing dividend rates [7] Investment Strategy - A recent position was initiated in Blackstone Secured Lending Fund (BXSL), which has seen a significant price drop, making it more attractive for investment [8][9] - BXSL has historically protected its Net Asset Value (NAV), which has increased by approximately 5% since early 2022, indicating strong management performance [16] Valuation Metrics - BXSL is currently trading at a price-to-NAV ratio of 0.95, below its historical average of 1.06 to 1.07, suggesting potential upside if it recovers to previous valuation levels [14][15] - The article emphasizes the importance of comparing price-to-trailing NAV and book value (BV) to assess valuations across BDCs [27][26]

Core Insights - The article promotes Systematic Income's Income Portfolios, which are designed with a focus on yield and risk management considerations [1] Group 1 - Systematic Income offers powerful Interactive Investor Tools to assist in navigating various markets, including BDC, CEF, OEF, preferred, and baby bond markets [1] - The company provides Investor Guides specifically for CEFs, Preferreds, and PIMCO CEFs, indicating a commitment to educating investors [1] - A promotional offer is available for a 2-week free trial, allowing potential clients to explore the services without risk [1]

Group 1 - The article discusses the importance of quality in financial management, highlighting the experience of Roberts Berzins in shaping financial strategies for top-tier corporates [1] - Roberts Berzins has over a decade of experience in financial management and has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [1] - His work includes developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1] Group 2 - Roberts Berzins holds a CFA Charter and an ESG investing certificate, indicating a strong background in investment and sustainability [1] - He has experience with the Chicago Board of Trade, showcasing his involvement in international financial markets despite residing in Latvia [1] - Berzins is actively engaged in thought-leadership activities aimed at supporting the development of pan-Baltic capital markets [1]

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The service offers a Free Two-Week Trial for potential investors to explore top ideas across exclusive income-focused portfolios [1] Group 2 - The analyst has maintained a cautious stance on Business Development Companies (BDCs) due to risks associated with lower interest rates and high valuations [2] - The analyst emphasizes a defensive investment approach with a medium- to long-term horizon [2]

Blackstone Secured Lending Fund (NYSE: BXSL) focuses on generating income through a senior secured, first-lien loan portfolio, backed by Blackstone Credit’s sourcing and underwriting platform.The company’s stock performance has lagged behind its peers, underperforming by about 10% year-to-date, despite its NAV and ROE metrics exceeding those of the Buy-rated business development companies (BDC) group.B Riley Securities analyst Sean-Paul Adams initiated coverage on Blackstone Secured Lending Fund with a Buy ...

Core Insights - The financial sector is currently experiencing a trend of oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Group 1: Oversold Stocks - Blackstone Secured Lending Fund (BXSL) has an RSI of 27.2, with a recent stock price of $27.54 and a 52-week low of $25.89. The stock has fallen approximately 8% over the past month [4] - Ares Capital Corporation (ARCC) has an RSI of 25.1, with shares closing at $21.09 and a 52-week low of $18.26. The stock has decreased around 6% in the last five days [4] - Virtu Financial Inc (VIRT) has an RSI of 18.4, with a stock price of $35.17 and a 52-week low of $29.82. The stock has dropped about 15% over the past month [4] Group 2: Analyst Coverage and Price Targets - UBS analyst Doug Harter initiated coverage on Blackstone Secured Lending Fund with a Neutral rating and a price target of $31 [4] - Ares Capital recently priced a public offering of $650 million in unsecured notes due 2031 [4]

Core Insights - The article provides a detailed analysis comparing Blackstone Secured Lending (BXSL) to 11 of its business development company (BDC) peers, focusing on dividend sustainability and financial metrics [1][2][3] Group 1: Dividend Analysis - BXSL declared a base dividend of $0.77 per share for Q2 2025, with a stock price of $31.63, resulting in a trailing 12-month (TTM) dividend yield of 9.74% [10] - For Q3 2025, BXSL maintained the same base dividend of $0.77 per share, with a stock price of $28.59, leading to a TTM dividend yield of 10.77% [27][28] - The cumulative undistributable taxable income (UTI) coverage ratio for BXSL was 1.86 as of 6/30/2025, significantly higher than the average of its peers [16] Group 2: Financial Metrics Comparison - BXSL's weighted average annualized yield on debt investments was 10.20% as of 6/30/2025, which is below the peer average of 11.61% [20] - The weighted average interest rate on BXSL's outstanding borrowings was 4.69%, lower than the previous year's rate of 5.19% [24] - BXSL had 99.80% of its debt investments with floating interest rates, which was advantageous during the rising interest rate environment [22] Group 3: Future Projections - The probability of BXSL maintaining a stable base dividend of $0.77 per share for Q4 2025 is estimated at 80% [33] - A broader dividend range of $0.70 to $0.77 per share is projected for Q1 2026, with a 90% probability [34] - BXSL's current stock price is considered undervalued, with a price target of approximately $33.50 per share [39]

Core Insights - The article provides a detailed analysis comparing Blackstone Secured Lending (BXSL) to 11 of its business development company (BDC) peers, focusing on dividend sustainability and financial metrics [1][2][3] Group 1: Dividend Analysis - BXSL declared a base dividend of $0.77 per share for Q2 2025, with a stock price of $31.63, resulting in a trailing 12-month (TTM) dividend yield of 9.74% [10] - For Q3 2025, BXSL maintained the same base dividend of $0.77 per share, with a stock price of $28.59, leading to a TTM dividend yield of 10.77% [27][28] - BXSL's cumulative undistributable taxable income (UTI) coverage ratio was 1.86 as of 6/30/2025, significantly higher than the average of its peers [16] Group 2: Financial Metrics Comparison - BXSL's weighted average annualized yield on debt investments was 10.20% as of 6/30/2025, below the peer average of 11.61% [20] - The company had a below-average weighted average interest rate on outstanding debt at 4.69% as of 6/30/2025, compared to 5.19% the previous year [24] - BXSL's proportion of debt investments with floating interest rates was 99.80%, which was advantageous during rising interest rate environments [22] Group 3: Future Projections - The likelihood of BXSL maintaining a stable base quarterly dividend of $0.77 for Q4 2025 is projected at 80% [33] - A broader dividend range of $0.70 to $0.77 per share is anticipated for Q1 2026, with a 90% probability [34] - The current market conditions suggest a potential dividend reduction in 2026, influenced by management's cautiousness and external economic factors [19][34] Group 4: Investment Recommendation - BXSL is rated as a SELL when trading at a premium of 22.5% or more to the projected NAV, a HOLD between 12.5% and 22.5%, and a BUY when trading at or below 12.5% [37] - The current price target for BXSL is approximately $33.50 per share, with the stock considered notably undervalued at a closing price of $27.54 as of 9/16/2025 [38][39]