Broadstone Net Lease (NYSE:BNL) Issues FY 2026 Earnings Guidance

Broadstone Net Lease (NYSE:BNL) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.550-1.570 for the period, compared to the consensus earnings per share estimate of 1.520. The company issued revenue guidance of -.

Broadstone Net Lease Trading Down 1.3%

Shares of Broadstone Net Lease stock traded down $0.29 during midday trading on Wednesday, reaching $22.11. The company had a trading volume of 1,646,079 shares, compared to its average volume of 1,730,503. The stock has a fifty day simple moving average of $21.19 and a 200 day simple moving average of $19.91. Broadstone Net Lease has a 1-year low of $15.80 and a 1-year high of $23.10. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 14.83 and a beta of 0.94.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $121.40 million for the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%. Sell-side analysts expect that Broadstone Net Lease will post 1.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Truist Financial set a $22.00 price target on Broadstone Net Lease in a report on Monday, June 8th. Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. KeyCorp raised their target price on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. BMO Capital Markets lifted their price target on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Finally, Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating and four have assigned 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 a consensus target price of $22.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BNL. Royal Bank of Canada raised its holdings in Broadstone Net Lease by 69.9% in the first quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock worth $1,566,000 after purchasing an additional 37,830 shares during the period. AQR Capital Management LLC grew its holdings in shares of Broadstone Net Lease by 52.8% in the 1st quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock valued at $436,000 after buying an additional 8,848 shares during the period. Millennium Management LLC grew its holdings in shares of Broadstone Net Lease by 2.3% in the 1st quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock valued at $19,551,000 after buying an additional 25,944 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Broadstone Net Lease by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,283,889 shares of the company’s stock valued at $21,877,000 after buying an additional 70,534 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Broadstone Net Lease by 292.3% in the 1st quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after buying an additional 412,604 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

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.