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

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $20.3333.

BNL has been the subject of a number of recent research reports. Cantor Fitzgerald boosted 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 raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, UBS Group boosted their target price on Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, March 9th.

Broadstone Net Lease Stock Performance

Shares of BNL opened at $20.22 on Monday. The stock has a fifty day moving average price of $19.67 and a two-hundred day moving average price of $18.83. Broadstone Net Lease has a 52-week low of $15.65 and a 52-week high of $20.75. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 31.11 and a beta of 0.95.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $121.40 million during the quarter, compared to the consensus estimate 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 predict that Broadstone Net Lease will post 1.51 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

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 given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio is currently 180.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BNL. Invesco Ltd. boosted its position in Broadstone Net Lease by 391.1% during the fourth quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after purchasing an additional 3,635,809 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Broadstone Net Lease by 213.2% during the second quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock worth $69,579,000 after purchasing an additional 2,951,207 shares during the period. Norges Bank bought a new position in shares of Broadstone Net Lease during the fourth quarter worth approximately $41,471,000. Hudson Bay Capital Management LP bought a new position in shares of Broadstone Net Lease during the third quarter worth approximately $37,998,000. Finally, New England Private Wealth Advisors LLC bought a new position in shares of Broadstone Net Lease during the fourth quarter worth approximately $27,426,000. 89.07% of the stock is 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.