Broadstone Net Lease, Inc. (NYSE:BNL) Receives Consensus Rating of “Moderate Buy” from Analysts

Broadstone Net Lease, Inc. (NYSE:BNL) has received an average rating of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $19.9091.

A number of analysts recently weighed in on the stock. Citizens Jmp reaffirmed a “market outperform” rating and set a $21.00 target price on shares of Broadstone Net Lease in a report on Tuesday, December 2nd. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Morgan Stanley increased their price objective on Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research report on Monday, December 29th. Cantor Fitzgerald set a $20.00 target price on Broadstone Net Lease in a research report on Monday, January 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Broadstone Net Lease in a report on Thursday, December 4th.

Broadstone Net Lease Stock Up 1.5%

Shares of BNL opened at $19.65 on Friday. Broadstone Net Lease has a twelve month low of $13.96 and a twelve month high of $19.77. The stock has a market cap of $3.72 billion, a PE ratio of 41.80 and a beta of 1.00. The business’s 50-day moving average price is $18.16 and its 200-day moving average price is $18.03.

Hedge Funds Weigh In On Broadstone Net Lease

Several institutional investors have recently modified their holdings of the company. Strategic Advocates LLC purchased a new position in Broadstone Net Lease in the 3rd quarter worth $30,000. Blue Trust Inc. increased its holdings in shares of Broadstone Net Lease by 96.9% in the third quarter. Blue Trust Inc. now owns 1,790 shares of the company’s stock worth $32,000 after buying an additional 881 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Broadstone Net Lease by 42.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after buying an additional 600 shares during the period. Advisory Services Network LLC bought a new stake in shares of Broadstone Net Lease in the 3rd quarter valued at about $61,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Broadstone Net Lease by 80.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after acquiring an additional 1,906 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.

Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.