Broadstone Net Lease, Inc. (NYSE:BNL) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $22.67.

Several equities research analysts recently issued reports on BNL shares. BMO Capital Markets raised their target price 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. Cantor Fitzgerald upped their price target on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. KeyCorp reaffirmed an “overweight” rating on shares of Broadstone Net Lease in a research note on Tuesday, September 15th. Citizens Jmp cut shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. Finally, Truist Financial upgraded Broadstone Net Lease from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $22.00 to $21.00 in a report on Thursday.

Broadstone Net Lease Stock Up 1.7%

Shares of NYSE:BNL opened at $18.57 on Friday. The company has a market cap of $3.56 billion, a P/E ratio of 24.43 and a beta of 0.91. The business has a fifty day simple moving average of $20.53 and a 200-day simple moving average of $20.42. Broadstone Net Lease has a 52 week low of $17.16 and a 52 week high of $23.10.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.The firm had revenue of $122.31 million for the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Sell-side analysts expect that Broadstone Net Lease will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s payout ratio is 153.95%.

Insider Buying and Selling

In other news, Director Richard Imperiale acquired 5,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were bought at an average cost of $21.22 per share, for a total transaction of $106,100.00. Following the acquisition, the director directly owned 26,250 shares in the company, valued at $557,025. This trade represents a 23.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is owned by corporate insiders.

Institutional Trading of Broadstone Net Lease

A number of institutional investors have recently modified their holdings of BNL. California State Teachers Retirement System grew its position in Broadstone Net Lease by 30.2% in the first quarter. California State Teachers Retirement System now owns 236,627 shares of the company’s stock valued at $4,323,000 after acquiring an additional 54,892 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Broadstone Net Lease by 164.8% during the first quarter. Quantinno Capital Management LP now owns 91,618 shares of the company’s stock worth $1,674,000 after purchasing an additional 57,021 shares in the last quarter. Amundi lifted its position in shares of Broadstone Net Lease by 1,115.8% during the second quarter. Amundi now owns 1,094,174 shares of the company’s stock worth $22,617,000 after purchasing an additional 1,004,177 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Broadstone Net Lease in the second quarter valued at $1,991,000. Finally, Cooper Haims Advisors LLC purchased a new position in shares of Broadstone Net Lease in the second quarter valued at $1,295,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc is a real estate investment trust (REIT) that owns and manages a diversified portfolio of single-tenant commercial properties. The company primarily invests in properties subject to long-term, triple-net leases, under which tenants generally are responsible for property taxes, insurance and maintenance costs.

Broadstone’s portfolio includes industrial, healthcare, restaurant and other commercial properties leased to tenants across a range of industries. Its business activities include acquiring, owning, leasing and managing income-producing real estate, with an emphasis on properties that can provide stable rental income over extended lease terms.

Founded in 2007, Broadstone Net Lease completed its initial public offering in 2020.