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

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $20.2222.

BNL has been the topic of a number of analyst reports. Weiss Ratings cut Broadstone Net Lease from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. Wall Street Zen upgraded Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. UBS Group raised their target price on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Morgan Stanley boosted their target price on Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research note on Monday, December 29th. Finally, Cantor Fitzgerald upped their price target on Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th.

Broadstone Net Lease Price Performance

BNL opened at $18.62 on Friday. The business has a fifty day moving average price of $19.00 and a 200 day moving average price of $18.38. Broadstone Net Lease has a 12 month low of $13.96 and a 12 month high of $19.91. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 37.23 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last issued its earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.20). The firm had revenue of $118.30 million during the quarter, compared to analyst estimates of $116.35 million. 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. On average, research analysts anticipate that Broadstone Net Lease will post 1.43 earnings per share 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. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.2925 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.17 annualized dividend and a dividend yield of 6.3%. This is a boost from Broadstone Net Lease’s previous quarterly dividend of $0.29. Broadstone Net Lease’s payout ratio is presently 234.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BNL. State Street Corp lifted its position in Broadstone Net Lease by 2.2% in the second quarter. State Street Corp now owns 8,388,518 shares of the company’s stock valued at $136,998,000 after acquiring an additional 178,186 shares during the last quarter. Centersquare Investment Management LLC increased its position in shares of Broadstone Net Lease by 3.0% during the third quarter. Centersquare Investment Management LLC now owns 5,052,587 shares of the company’s stock worth $90,290,000 after purchasing an additional 146,402 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Broadstone Net Lease by 2.7% in the 2nd quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock valued at $76,896,000 after purchasing an additional 124,589 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Broadstone Net Lease by 391.1% in the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after purchasing an additional 3,635,809 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Broadstone Net Lease by 213.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock valued at $69,579,000 after purchasing an additional 2,951,207 shares during the period. 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.