Broadstone Net Lease (NYSE:BNL) Announces Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Broadstone Net Lease (NYSE:BNL) released its quarterly earnings results on Wednesday. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20), Zacks reports. The company had revenue of $118.30 million during the quarter, compared to analysts’ expectations of $116.35 million. Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%. Broadstone Net Lease updated its FY 2026 guidance to 1.530-1.57 EPS.

Broadstone Net Lease Stock Performance

Shares of BNL opened at $18.79 on Friday. The firm has a fifty day moving average of $18.34 and a 200-day moving average of $18.13. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 37.57 and a beta of 1.00. Broadstone Net Lease has a 1 year low of $13.96 and a 1 year high of $19.91.

Broadstone Net Lease Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.2925 dividend. The ex-dividend date is Tuesday, March 31st. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 6.2%. Broadstone Net Lease’s dividend payout ratio (DPR) is 246.81%.

Hedge Funds Weigh In On Broadstone Net Lease

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BNL. State Street Corp boosted its position in shares of Broadstone Net Lease by 2.2% during the 2nd quarter. State Street Corp now owns 8,388,518 shares of the company’s stock valued at $136,998,000 after purchasing an additional 178,186 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Broadstone Net Lease by 2.7% during the second quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock valued at $76,896,000 after purchasing an additional 124,589 shares during the last quarter. Invesco Ltd. boosted its holdings 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 buying an additional 3,635,809 shares in the last quarter. Balyasny Asset Management L.P. grew its position in 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 worth $69,579,000 after buying an additional 2,951,207 shares during the last quarter. Finally, Nuveen LLC increased its holdings in shares of Broadstone Net Lease by 3.7% in the fourth quarter. Nuveen LLC now owns 4,310,108 shares of the company’s stock valued at $74,867,000 after buying an additional 152,684 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BNL has been the subject of several recent analyst reports. Morgan Stanley increased their target price on Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Cantor Fitzgerald set a $20.00 target price on shares of Broadstone Net Lease in a research report on Monday, January 5th. BMO Capital Markets restated an “outperform” rating on shares of Broadstone Net Lease in a research note on Thursday, December 4th. Finally, Truist Financial lifted their price target on Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, November 25th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Broadstone Net Lease has a consensus rating of “Moderate Buy” and a consensus price target of $19.80.

About Broadstone Net Lease

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.