Broadstone Net Lease, Inc. (NYSE:BNL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Broadstone Net Lease, Inc. (NYSE:BNL) has received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.20.

BNL has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research report on Monday, December 29th. Weiss Ratings raised shares of Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 3rd. Citizens Jmp reiterated a “market outperform” rating and set a $21.00 price objective on shares of Broadstone Net Lease in a research note on Tuesday, December 2nd. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, BTIG Research reduced their target price on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, December 5th.

Broadstone Net Lease Trading Down 1.2%

Shares of Broadstone Net Lease stock opened at $19.04 on Wednesday. The business’s fifty day moving average price is $18.74 and its 200 day moving average price is $18.34. Broadstone Net Lease has a twelve month low of $13.96 and a twelve month high of $19.91. The stock has a market capitalization of $3.64 billion, a P/E ratio of 38.07 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results 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 return on equity of 3.17% and a net margin of 21.25%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. As a group, sell-side analysts predict that Broadstone Net Lease will post 1.43 EPS for the current year.

Broadstone Net Lease Increases Dividend

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

Institutional Investors Weigh In On Broadstone Net Lease

A number of large investors have recently modified their holdings of BNL. Royal Bank of Canada lifted its position in Broadstone Net Lease by 69.9% during the 1st quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock worth $1,566,000 after acquiring an additional 37,830 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Broadstone Net Lease by 52.8% during the first quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock valued at $436,000 after purchasing an additional 8,848 shares during the period. Millennium Management LLC lifted its position in shares of Broadstone Net Lease by 2.3% during the first quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock worth $19,551,000 after purchasing an additional 25,944 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Broadstone Net Lease by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,283,889 shares of the company’s stock valued at $21,877,000 after purchasing an additional 70,534 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Broadstone Net Lease by 292.3% in the first quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after purchasing an additional 412,604 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

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.