Broadstone Net Lease (NYSE:BNL) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Broadstone Net Lease (NYSE:BNL) announced its quarterly earnings data on Wednesday. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01, reports. Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. The firm had revenue of $118.30 million for the quarter, compared to the consensus estimate of $116.35 million. Broadstone Net Lease updated its FY 2026 guidance to 1.530-1.57 EPS.

Broadstone Net Lease Stock Performance

Shares of BNL opened at $18.62 on Friday. Broadstone Net Lease has a 52 week low of $13.96 and a 52 week high of $19.91. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 37.24 and a beta of 1.00. The stock has a fifty day moving average of $18.32 and a 200-day moving average of $18.12.

Broadstone Net Lease Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 6.3%. This is a boost from Broadstone Net Lease’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, March 31st. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 246.81%.

Hedge Funds Weigh In On Broadstone Net Lease

Several large investors have recently bought and sold shares of BNL. CIBC Private Wealth Group LLC boosted 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 purchasing an additional 600 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Broadstone Net Lease by 0.9% in the second quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock valued at $1,250,000 after buying an additional 664 shares during the period. Lazard Asset Management LLC raised its holdings in Broadstone Net Lease by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock valued at $1,432,000 after buying an additional 768 shares during the last quarter. FJ Capital Management LLC raised its holdings in Broadstone Net Lease by 8.2% in the 2nd quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock valued at $205,000 after buying an additional 965 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in Broadstone Net Lease by 3.4% during the 4th quarter. Guggenheim Capital LLC now owns 35,102 shares of the company’s stock worth $610,000 after buying an additional 1,164 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a report on Monday, December 29th. BTIG Research decreased their price objective on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Broadstone Net Lease in a research note on Wednesday, January 21st. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Cantor Fitzgerald set a $20.00 price target on Broadstone Net Lease in a research note on Monday, January 5th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.80.

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.