Broadstone Net Lease, Inc. (NYSE:BNL) Given Average Rating of “Moderate Buy” by Brokerages

Broadstone Net Lease, Inc. (NYSE:BNL) has received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.3333.

BNL has been the subject of several analyst reports. Cantor Fitzgerald upped their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings upgraded Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, UBS Group boosted their price target on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th.

Broadstone Net Lease Trading Up 0.0%

Shares of Broadstone Net Lease stock opened at $20.41 on Monday. The company has a fifty day moving average price of $19.57 and a 200 day moving average price of $18.75. Broadstone Net Lease has a twelve month low of $15.30 and a twelve month high of $20.49. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 31.39 and a beta of 0.96.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The company had revenue of $121.40 million for the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Analysts forecast that Broadstone Net Lease will post 1.51 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.2925 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.7%. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 180.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Broadstone Net Lease by 69.9% during the 1st quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock valued at $1,566,000 after purchasing an additional 37,830 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Broadstone Net Lease by 52.8% in the 1st quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock worth $436,000 after buying an additional 8,848 shares in the last quarter. Millennium Management LLC lifted its holdings in Broadstone Net Lease by 2.3% in the 1st quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock worth $19,551,000 after buying an additional 25,944 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Broadstone Net Lease by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,283,889 shares of the company’s stock valued at $21,877,000 after buying an additional 70,534 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Broadstone Net Lease by 292.3% in the 1st quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after buying an additional 412,604 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other 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.