Broadstone Net Lease (NYSE:BNL) Reaches New 52-Week Low – Time to Sell?

Broadstone Net Lease, Inc. (NYSE:BNL)’s share price reached a new 52-week low on Wednesday. The company traded as low as $17.13 and last traded at $17.2160, with a volume of 2,739,642 shares trading hands. The stock had previously closed at $17.76.

Analyst Ratings Changes

A number of brokerages have commented on BNL. BMO Capital Markets increased their price target on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. KeyCorp restated an “overweight” rating on shares of Broadstone Net Lease in a research note on Tuesday, September 15th. Cantor Fitzgerald lifted their price objective on Broadstone Net Lease from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, July 31st. BTIG Research increased their price target on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, The Goldman Sachs Group raised their price objective on Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Saturday, August 1st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.67.

Broadstone Net Lease Stock Performance

The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 22.74 and a beta of 0.91. The stock has a fifty day simple moving average of $19.61 and a two-hundred day simple moving average of $20.35.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings results 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. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. The firm had revenue of $122.31 million during 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. Research analysts forecast that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current year.

Insider Buying and Selling

In other Broadstone Net Lease news, Director Richard Imperiale acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $21.22 per share, with a total value of $106,100.00. Following the completion of the transaction, the director owned 26,250 shares in the company, valued at approximately $557,025. This trade represents a 23.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Broadstone Net Lease

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BNL. Inspire Investing LLC purchased a new stake in Broadstone Net Lease in the third quarter valued at approximately $634,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Broadstone Net Lease by 14.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 47,745 shares of the company’s stock worth $883,000 after buying an additional 6,106 shares during the period. Prairiewood Capital LLC increased its stake in shares of Broadstone Net Lease by 2.0% in the 3rd quarter. Prairiewood Capital LLC now owns 427,964 shares of the company’s stock worth $7,917,000 after acquiring an additional 8,423 shares in the last quarter. Columbus Macro LLC boosted its holdings in Broadstone Net Lease by 5.0% in the third quarter. Columbus Macro LLC now owns 836,598 shares of the company’s stock worth $15,477,000 after acquiring an additional 39,657 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida bought a new stake in shares of Broadstone Net Lease during the third quarter valued at approximately $1,226,000. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (NYSE: BNL) is a real estate investment trust (REIT) that owns and manages a diversified portfolio of primarily single-tenant commercial properties. The company generally leases its properties under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Broadstone’s portfolio includes properties used by healthcare providers, industrial and manufacturing companies, office-based businesses, restaurants and retail operators.