Broadstone Net Lease (NYSE:BNL) Updates FY 2026 Earnings Guidance

Broadstone Net Lease (NYSE:BNL) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.550-1.570 for the period, compared to the consensus estimate of 1.520. The company issued revenue guidance of -.

Broadstone Net Lease Price Performance

BNL stock traded down $0.29 during trading on Wednesday, reaching $22.11. The company had a trading volume of 1,646,079 shares, compared to its average volume of 2,160,685. Broadstone Net Lease has a 52 week low of $15.80 and a 52 week high of $23.10. The company has a market cap of $4.23 billion, a P/E ratio of 34.01 and a beta of 0.94. The business has a 50 day moving average of $21.19 and a 200 day moving average of $19.91.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, beating 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 business had revenue of $121.40 million for the quarter, compared to analysts’ expectations of $118.84 million. Research analysts expect that Broadstone Net Lease will post 1.52 earnings per share for the current year.

Wall Street Analyst Weigh In

BNL has been the topic of several research reports. Truist Financial set a $22.00 price target on Broadstone Net Lease in a research report on Monday, June 8th. BTIG Research increased their price objective on Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Citizens Jmp cut shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Finally, Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Broadstone Net Lease currently has an average rating of “Moderate Buy” and an average target price of $22.00.

Institutional Trading of Broadstone Net Lease

Several hedge funds and other institutional investors have recently made changes to their positions in BNL. CIBC Private Wealth Group LLC increased its position in Broadstone Net Lease by 42.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock valued at $35,000 after buying an additional 600 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Broadstone Net Lease during the third quarter valued at $61,000. EverSource Wealth Advisors LLC increased its holdings in shares of 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 in the last quarter. State of Wyoming purchased a new position in shares of Broadstone Net Lease in the 4th quarter worth about $134,000. Finally, FJ Capital Management LLC raised its position in shares of Broadstone Net Lease by 8.2% in the 2nd quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock worth $205,000 after purchasing an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

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.