Broadstone Net Lease (NYSE:BNL) Stock Rating Lowered by Citizens Jmp

Broadstone Net Lease (NYSE:BNL) was downgraded by analysts at Citizens Jmp from an “outperform” rating to a “market perform” rating in a report released on Friday, MarketBeat reports.

Several other research firms have also issued reports on BNL. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday. UBS Group raised their price objective on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Cantor Fitzgerald lifted 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. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Truist Financial set a $22.00 target price on Broadstone Net Lease in a report on Monday. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Broadstone Net Lease presently has a consensus rating of “Moderate Buy” and an average price target of $20.56.

Broadstone Net Lease Trading Down 0.7%

Shares of NYSE BNL opened at $20.93 on Friday. Broadstone Net Lease has a twelve month low of $15.66 and a twelve month high of $21.50. The firm has a 50-day moving average of $20.00 and a two-hundred day moving average of $18.98. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 32.21 and a beta of 0.95.

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 the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. The company had revenue of $121.40 million for the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, research analysts predict that Broadstone Net Lease will post 1.52 earnings per share for the current year.

Institutional Trading of Broadstone Net Lease

Several institutional investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in shares of Broadstone Net Lease by 391.1% during the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after buying an additional 3,635,809 shares during the period. Balyasny Asset Management L.P. boosted its position in Broadstone Net Lease by 213.2% during 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 last quarter. Norges Bank purchased a new position in Broadstone Net Lease in the fourth quarter valued at about $41,471,000. Hudson Bay Capital Management LP purchased a new position in Broadstone Net Lease in the third quarter valued at about $37,998,000. Finally, New England Private Wealth Advisors LLC acquired a new position in Broadstone Net Lease in the 4th quarter worth about $27,426,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.