Broadstone Net Lease (BNL) Projected to Post Quarterly Earnings on Wednesday

Broadstone Net Lease (NYSE:BNL) is projected to post its Q1 2025 quarterly earnings results after the market closes on Wednesday, April 30th. Analysts expect Broadstone Net Lease to post earnings of $0.36 per share and revenue of $109.26 million for the quarter. Broadstone Net Lease has set its FY 2025 guidance at 1.450-1.490 EPS.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.16. The company had revenue of $112.13 million during the quarter, compared to the consensus estimate of $109.80 million. Broadstone Net Lease had a net margin of 37.62% and a return on equity of 5.10%. On average, analysts expect Broadstone Net Lease to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Broadstone Net Lease Trading Down 0.1 %

BNL stock opened at $15.93 on Monday. The stock’s 50 day simple moving average is $16.38 and its 200 day simple moving average is $16.58. Broadstone Net Lease has a 12-month low of $13.96 and a 12-month high of $19.15. The stock has a market capitalization of $3.01 billion, a PE ratio of 18.31 and a beta of 1.03.

Broadstone Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date of this dividend was Monday, March 31st. Broadstone Net Lease’s payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets set a $20.00 target price on Broadstone Net Lease and gave the stock an “outperform” rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.83.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.