Broadstone Net Lease (NYSE:BNL) Reaches New 52-Week High – Time to Buy?

Broadstone Net Lease, Inc. (NYSE:BNL)’s share price reached a new 52-week high on Monday . The stock traded as high as $20.75 and last traded at $20.7420, with a volume of 264 shares changing hands. The stock had previously closed at $20.58.

Wall Street Analysts Forecast Growth

BNL has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Cantor Fitzgerald increased their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Broadstone Net Lease currently has an average rating of “Moderate Buy” and a consensus target price of $20.33.

Broadstone Net Lease Stock Up 0.7%

The stock has a market capitalization of $3.97 billion, a P/E ratio of 31.85 and a beta of 0.95. The stock has a 50 day simple moving average of $19.81 and a two-hundred day simple moving average of $18.90.

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, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $121.40 million for the quarter, compared to analysts’ expectations 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. Sell-side analysts predict that Broadstone Net Lease, Inc. will post 1.51 earnings per share 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 $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is 180.00%.

Institutional Investors Weigh In On Broadstone Net Lease

A number of institutional investors and hedge funds have recently modified their holdings 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 worth $79,302,000 after purchasing an additional 3,635,809 shares during the period. Balyasny Asset Management L.P. raised its position in shares of Broadstone Net Lease by 213.2% in the second quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock valued at $69,579,000 after purchasing an additional 2,951,207 shares during the period. Norges Bank acquired a new stake in shares of Broadstone Net Lease during the 4th quarter worth about $41,471,000. Hudson Bay Capital Management LP acquired a new stake in shares of Broadstone Net Lease during the 3rd quarter worth about $37,998,000. Finally, New England Private Wealth Advisors LLC bought a new stake in shares of Broadstone Net Lease during the 4th quarter worth about $27,426,000. 89.07% of the stock is 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.