Broadstone Net Lease (BNL) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadstone Net Lease in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BNL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BNL, but not buy additional shares or sell existing shares.
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5 brokerages have issued 12 month price targets for Broadstone Net Lease's stock. Their BNL share price targets range from $14.00 to $19.00. On average, they predict the company's stock price to reach $16.75 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
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Broadstone Net Lease's stock was trading at $17.22 at the start of the year. Since then, BNL shares have decreased by 11.6% and is now trading at $15.23.
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Broadstone Net Lease saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 2,960,000 shares, a decrease of 14.0% from the March 31st total of 3,440,000 shares. Based on an average trading volume of 1,360,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.6% of the company's shares are sold short.
View Broadstone Net Lease's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our BNL earnings forecast.

Broadstone Net Lease, Inc. (NYSE:BNL) released its quarterly earnings data on Wednesday, May, 1st. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $105.37 million for the quarter, compared to the consensus estimate of $107.76 million. Broadstone Net Lease had a trailing twelve-month return on equity of 5.59% and a net margin of 42.23%. During the same quarter in the prior year, the company earned $0.34 EPS.

Broadstone Net Lease announced a quarterly dividend on Wednesday, May 1st. Stockholders of record on Friday, June 28th will be given a dividend of $0.29 per share on Monday, July 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date is Friday, June 28th. This is a positive change from the stock's previous quarterly dividend of $0.29.
Read our dividend analysis for BNL.

Broadstone Net Lease (NYSE:BNL) pays an annual dividend of $1.14 per share and currently has a dividend yield of 7.48%. BNL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 118.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BNL will have a dividend payout ratio of 80.28% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BNL.

ETFs with the largest weight of Broadstone Net Lease (NYSE:BNL) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Global X SuperDividend REIT ETF (SRET), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS Active REIT ETF (REIT), ALPS REIT Dividend Dogs ETF (RDOG), Cambria Global Real Estate ETF (BLDG), WisdomTree U.S. SmallCap Dividend Fund (DES) and iShares US Credit Bond ETF (CRED).

Broadstone Net Lease updated its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of 1.410-1.430 for the period, compared to the consensus earnings per share estimate of 1.470. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Broadstone Net Lease investors own include Cross Timbers Royalty Trust (CRT), InfraCap MLP ETF (AMZA), Alliance Resource Partners (ARLP), Brigham Minerals (MNRL), Arbor Realty Trust (ABR), Advanced Emissions Solutions (ADES), Archer-Daniels-Midland (ADM), AGNC Investment (AGNC) and AMC Entertainment (AMC).

Broadstone Net Lease (BNL) raised $603 million in an initial public offering (IPO) on Thursday, September 17th 2020. The company issued 33,500,000 shares at a price of $17.00-$19.00 per share. J.P. Morgan, Goldman Sachs, BMO Capital Markets, Morgan Stanley, Capital One Securities and Truist Securities acted as the underwriters for the IPO and Regions Securities, BTIG, KeyBanc Capital Markets and Ramirez were co-managers.

Broadstone Net Lease's stock is owned by many different retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (7.87%), Tritonpoint Wealth LLC (0.86%), Sumitomo Mitsui Trust Holdings Inc. (0.63%), Mirae Asset Global Investments Co. Ltd. (0.34%), Wealth Enhancement Advisory Services LLC (0.20%) and Prairiewood Capital LLC (0.18%). Insiders that own company stock include John David Moragne, Kevin Fennell, Laurier J Lessard Jr, Michael A Coke, Michael B Caruso, Molly Wiegel, Roderick Pickney and Ryan M Albano.
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Shares of BNL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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