Broadstone Net Lease (NYSE:BNL) Hits New 1-Year High – What’s Next?

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) reached a new 52-week high on Tuesday . The stock traded as high as $21.57 and last traded at $21.5960, with a volume of 235598 shares. The stock had previously closed at $21.09.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. BTIG Research upped their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, June 26th. Truist Financial set a $22.00 target price on shares of Broadstone Net Lease in a research note on Monday, June 8th. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Citizens Jmp downgraded shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Finally, Weiss Ratings raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.78.

Broadstone Net Lease Stock Performance

The company’s 50-day moving average price is $20.52 and its 200 day moving average price is $19.44. The stock has a market cap of $4.18 billion, a PE ratio of 33.59 and a beta of 0.94.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company 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, sell-side analysts anticipate that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The business 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 5.4%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio is 180.00%.

Hedge Funds Weigh In On Broadstone Net Lease

Several institutional investors and hedge funds have recently bought and sold shares of BNL. Strategic Advocates LLC purchased a new stake in shares of Broadstone Net Lease in the third quarter worth $30,000. CIBC Private Wealth Group LLC boosted its holdings in Broadstone Net Lease by 42.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after buying an additional 600 shares during the period. Advisory Services Network LLC purchased a new stake in Broadstone Net Lease in the 3rd quarter worth $61,000. EverSource Wealth Advisors LLC raised 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 acquiring an additional 1,906 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings 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 valued at $96,000 after acquiring an additional 1,385 shares during the period. 89.07% of the stock is currently owned by hedge funds and other 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.