Broadstone Net Lease, Inc. (NYSE:BNL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $22.7778.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective 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. Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a research report on Monday, June 8th. BTIG Research increased their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, June 26th. KeyCorp raised their price objective on Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group boosted their price objective on Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Saturday, August 1st.

Broadstone Net Lease Stock Up 1.9%

Shares of BNL opened at $21.05 on Friday. Broadstone Net Lease has a fifty-two week low of $16.56 and a fifty-two week high of $23.10. The firm has a market cap of $4.04 billion, a PE ratio of 27.70 and a beta of 0.92. The company’s fifty day moving average is $21.38 and its two-hundred day moving average is $20.12.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $122.31 million for the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, equities research analysts anticipate that Broadstone Net Lease will post 1.52 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.17 annualized dividend and a yield of 5.6%. Broadstone Net Lease’s payout ratio is 153.95%.

Institutional Trading of Broadstone Net Lease

Several large investors have recently bought and sold shares of BNL. Allworth Financial LP purchased a new stake in Broadstone Net Lease during the 2nd quarter worth $34,000. CIBC Private Wealth Group LLC grew its stake in shares of Broadstone Net Lease by 42.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock valued at $35,000 after acquiring an additional 600 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Broadstone Net Lease during the third quarter valued at about $61,000. EverSource Wealth Advisors LLC increased its position in shares of Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after acquiring an additional 1,906 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Broadstone Net Lease during the second quarter worth about $74,000. Institutional investors and hedge funds 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.