Broadstone Net Lease (NYSE:BNL) Shares Gap Up – What’s Next?

Broadstone Net Lease, Inc. (NYSE:BNL)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $18.51, but opened at $19.07. Broadstone Net Lease shares last traded at $18.8750, with a volume of 1,032,794 shares traded.

Wall Street Analyst Weigh In

BNL has been the topic of several research analyst reports. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings cut Broadstone Net Lease from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. UBS Group lifted their price target on 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 raised their price objective on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. Finally, Morgan Stanley lifted their price target on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.22.

Broadstone Net Lease Price Performance

The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 38.03 and a beta of 0.99. The firm’s fifty day moving average is $19.00 and its 200-day moving average is $18.38.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.20). Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. The company had revenue of $118.30 million for the quarter, compared to analyst estimates of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. As a group, equities research analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.2925 dividend. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.17 annualized dividend and a yield of 6.1%. Broadstone Net Lease’s payout ratio is 234.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BNL. Miller Global Investments LLC bought a new stake in shares of Broadstone Net Lease during the 4th quarter worth $953,000. AlphaQuest LLC purchased a new position in shares of Broadstone Net Lease during the third quarter valued at about $1,895,000. Principal Financial Group Inc. increased its position in shares of Broadstone Net Lease by 11.0% during the third quarter. Principal Financial Group Inc. now owns 548,917 shares of the company’s stock valued at $9,809,000 after buying an additional 54,582 shares during the period. American Century Companies Inc. boosted its stake in Broadstone Net Lease by 1,640.8% during the third quarter. American Century Companies Inc. now owns 1,355,448 shares of the company’s stock worth $24,222,000 after acquiring an additional 1,277,583 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Broadstone Net Lease by 39.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 471,426 shares of the company’s stock worth $8,750,000 after acquiring an additional 134,004 shares in the last quarter. 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.