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

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $21.70.

BNL has been the subject of a number of research reports. Citigroup cut Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. BTIG Research boosted their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, June 26th. KeyCorp upped their price target on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Citizens Jmp cut shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th.

Broadstone Net Lease Trading Up 0.5%

Shares of BNL opened at $21.93 on Tuesday. The firm has a market cap of $4.20 billion, a PE ratio of 33.74 and a beta of 0.94. The firm has a fifty day simple moving average of $20.63 and a two-hundred day simple moving average of $19.53. Broadstone Net Lease has a 1-year low of $15.67 and a 1-year high of $22.15.

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

Broadstone Net Lease Dividend Announcement

The firm also recently declared 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. This represents a $1.17 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 180.00%.

Institutional Investors Weigh In On Broadstone Net Lease

Several hedge funds and other institutional investors have recently modified their holdings of BNL. Strategic Advocates LLC purchased a new stake in Broadstone Net Lease in the third quarter worth about $30,000. CIBC Private Wealth Group LLC raised its stake in Broadstone Net Lease by 42.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after acquiring an additional 600 shares during the period. Advisory Services Network LLC purchased a new position in Broadstone Net Lease during the third quarter valued at approximately $61,000. EverSource Wealth Advisors LLC lifted its holdings in Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Broadstone Net Lease by 33.4% in 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 hedge funds and other institutional investors.

About Broadstone Net Lease

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.