Brokerages Set Broadstone Net Lease, Inc. (NYSE:BNL) Target Price at $20.56

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

Several equities analysts recently weighed in on BNL shares. Citigroup downgraded Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Truist Financial set a $22.00 target price on shares of Broadstone Net Lease in a report on Monday, June 8th. UBS Group boosted their target price on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Citizens Jmp downgraded Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Finally, Cantor Fitzgerald lifted their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, May 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Miller Global Investments LLC acquired a new stake in Broadstone Net Lease in the fourth quarter valued at $953,000. American Century Companies Inc. boosted its stake in Broadstone Net Lease by 1,640.8% during the 3rd quarter. American Century Companies Inc. now owns 1,355,448 shares of the company’s stock valued at $24,222,000 after acquiring an additional 1,277,583 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new position in Broadstone Net Lease during the 3rd quarter worth $2,224,000. Pensionfund PDN bought a new stake in shares of Broadstone Net Lease in the 4th quarter worth about $1,563,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Broadstone Net Lease in the 3rd quarter worth about $2,836,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Price Performance

Shares of NYSE BNL opened at $20.99 on Friday. The company has a 50-day simple moving average of $20.32 and a 200-day simple moving average of $19.21. The company has a market cap of $4.02 billion, a PE ratio of 32.28 and a beta of 0.95. Broadstone Net Lease has a 12 month low of $15.66 and a 12 month high of $21.50.

Broadstone Net Lease (NYSE:BNL) last announced 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. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. The business had revenue of $121.40 million for the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, analysts anticipate that Broadstone Net Lease will post 1.52 EPS for the current 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 paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s payout ratio is currently 180.00%.

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.