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

Broadstone Net Lease, Inc. (NYSE:BNL) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $20.5556.

Several analysts recently commented on BNL shares. Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a report on Monday, June 8th. Citigroup cut shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. Cantor Fitzgerald raised their price target on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, UBS Group raised their price target on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, March 9th.

Broadstone Net Lease Price Performance

Broadstone Net Lease stock opened at $20.57 on Friday. The firm’s 50 day simple moving average is $20.21 and its 200-day simple moving average is $19.09. The company has a market cap of $3.94 billion, a P/E ratio of 31.64 and a beta of 0.95. Broadstone Net Lease has a fifty-two week low of $15.66 and a fifty-two week high of $21.50.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $121.40 million for the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, analysts expect that Broadstone Net Lease will post 1.52 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

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

Institutional Trading of Broadstone Net Lease

Several institutional investors have recently made changes to their positions in BNL. Strategic Advocates LLC acquired a new stake in shares of Broadstone Net Lease during the third quarter worth approximately $30,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Broadstone Net Lease by 42.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after purchasing an additional 600 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Broadstone Net Lease during the third quarter worth approximately $61,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after purchasing an additional 1,906 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Broadstone Net Lease by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after purchasing an additional 1,385 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.