Broadstone Net Lease (NYSE:BNL) Price Target Raised to $20.00 at UBS Group

Broadstone Net Lease (NYSE:BNL) had its target price raised by UBS Group from $19.00 to $20.00 in a report published on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research analysts also recently issued reports on BNL. Weiss Ratings upgraded shares of Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 3rd. Truist Financial boosted their price objective on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. BTIG Research cut their target price 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. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $21.00 target price on shares of Broadstone Net Lease in a report on Tuesday, December 2nd. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.20.

Broadstone Net Lease Price Performance

BNL opened at $19.25 on Monday. The firm has a market cap of $3.68 billion, a PE ratio of 38.50 and a beta of 0.99. The stock has a 50-day moving average price of $18.71 and a 200-day moving average price of $18.33. Broadstone Net Lease has a 1 year low of $13.96 and a 1 year high of $19.91.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.20). Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. As a group, sell-side analysts anticipate that Broadstone Net Lease will post 1.43 EPS for the current year.

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 paid a $0.2925 dividend. This is a boost from Broadstone Net Lease’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Tuesday, March 31st. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 232.00%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC purchased a new stake in Broadstone Net Lease in the fourth quarter worth approximately $696,000. Hsbc Holdings PLC raised its stake in Broadstone Net Lease by 47.1% during the 4th quarter. Hsbc Holdings PLC now owns 368,825 shares of the company’s stock valued at $6,402,000 after buying an additional 118,178 shares during the last quarter. Invesco Ltd. raised its stake in Broadstone Net Lease by 391.1% during the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after buying an additional 3,635,809 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Broadstone Net Lease during the 4th quarter valued at $209,000. Finally, NewEdge Advisors LLC bought a new position in shares of Broadstone Net Lease during the 4th quarter valued at $414,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

About Broadstone Net Lease

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.