Broadstone Net Lease (NYSE:BNL) Reaches New 12-Month High – What’s Next?

Broadstone Net Lease, Inc. (NYSE:BNL) hit a new 52-week high on Wednesday . The company traded as high as $20.64 and last traded at $20.63, with a volume of 2161519 shares traded. The stock had previously closed at $20.40.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. 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. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Cantor Fitzgerald boosted their price target 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. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.33.

Broadstone Net Lease Trading Up 1.1%

The stock has a 50 day simple moving average of $19.62 and a 200 day simple moving average of $18.78. The stock has a market cap of $3.95 billion, a P/E ratio of 31.74 and a beta of 0.96.

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. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The firm had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Equities analysts anticipate that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 annualized dividend and a yield of 5.7%. Broadstone Net Lease’s dividend payout ratio is presently 180.00%.

Institutional Investors Weigh In On Broadstone Net Lease

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strategic Advocates LLC bought a new stake in Broadstone Net Lease during the third quarter worth $30,000. CIBC Private Wealth Group LLC lifted its stake in 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 last quarter. Advisory Services Network LLC bought a new stake in Broadstone Net Lease during the third quarter worth $61,000. EverSource Wealth Advisors LLC lifted its stake 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 worth $68,000 after purchasing an additional 1,906 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in 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 last quarter. 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.