Analysts Set Broadstone Net Lease, Inc. (NYSE:BNL) Price Target at $20.20

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.20.

BNL has been the subject of several analyst reports. UBS Group increased their price target on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Morgan Stanley upped their price objective on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a research note on Monday, December 29th. Truist Financial raised their target price 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. Weiss Ratings upgraded Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 3rd. Finally, BTIG Research lowered their price target on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, December 5th.

Broadstone Net Lease Stock Performance

Shares of BNL stock opened at $19.30 on Wednesday. Broadstone Net Lease has a fifty-two week low of $13.96 and a fifty-two week high of $19.91. The stock has a 50 day moving average price of $18.84 and a two-hundred day moving average price of $18.35. The company has a market capitalization of $3.69 billion, a P/E ratio of 38.59 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last issued its earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.20). Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. As a group, equities analysts predict that Broadstone Net Lease will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.2925 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.1%. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. Broadstone Net Lease’s dividend payout ratio is 232.00%.

Hedge Funds Weigh In On Broadstone Net Lease

Hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. lifted its stake in Broadstone Net Lease by 391.1% in the fourth quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock worth $79,302,000 after acquiring an additional 3,635,809 shares during the period. Balyasny Asset Management L.P. increased its position in Broadstone Net Lease by 213.2% during the 2nd 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 bought a new position in Broadstone Net Lease in the 2nd quarter worth $39,554,000. Hudson Bay Capital Management LP bought a new position in Broadstone Net Lease in the 3rd quarter worth $37,998,000. Finally, Boston Partners lifted its position in shares of Broadstone Net Lease by 339.0% in the 2nd quarter. Boston Partners now owns 2,079,251 shares of the company’s stock worth $33,372,000 after purchasing an additional 1,605,603 shares during the period. 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.