Broadstone Net Lease (NYSE:BNL) Given New $21.00 Price Target at Cantor Fitzgerald

Broadstone Net Lease (NYSE:BNL) had its price objective raised by Cantor Fitzgerald from $20.00 to $21.00 in a report published on Tuesday morning, Marketbeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. Citizens Jmp restated a “market outperform” rating and set a $21.00 target price on shares of Broadstone Net Lease in a research report on Tuesday, December 2nd. Truist Financial increased their target price on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, November 25th. BTIG Research decreased their price target on 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. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Broadstone Net Lease in a research note on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Broadstone Net Lease has a consensus rating of “Moderate Buy” and an average price target of $19.90.

Broadstone Net Lease Stock Up 1.5%

Shares of Broadstone Net Lease stock opened at $19.26 on Tuesday. The firm has a market cap of $3.64 billion, a PE ratio of 38.52 and a beta of 1.00. Broadstone Net Lease has a 52 week low of $13.96 and a 52 week high of $19.91. The business’s fifty day simple moving average is $18.40 and its 200-day simple moving average is $18.19.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.The company had revenue of $118.30 million for the quarter, compared to analysts’ expectations of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. As a group, equities analysts expect that Broadstone Net Lease will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.1%. This is a boost from Broadstone Net Lease’s previous quarterly dividend of $0.29. Broadstone Net Lease’s payout ratio is 232.00%.

Institutional Investors Weigh In On Broadstone Net Lease

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. raised its position in shares of Broadstone Net Lease by 391.1% during the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock worth $79,302,000 after buying an additional 3,635,809 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Broadstone Net Lease by 213.2% during the second quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock worth $69,579,000 after acquiring an additional 2,951,207 shares during the period. Norges Bank acquired a new stake in Broadstone Net Lease in the 2nd quarter valued at about $39,554,000. Hudson Bay Capital Management LP bought a new position in shares of Broadstone Net Lease during the 3rd quarter valued at about $37,998,000. Finally, Boston Partners lifted its stake in Broadstone Net Lease by 339.0% during the second quarter. Boston Partners now owns 2,079,251 shares of the company’s stock valued at $33,372,000 after purchasing an additional 1,605,603 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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.