Broadstone Net Lease, Inc. (NYSE:BNL) Given Average Rating of “Moderate Buy” by Analysts

Broadstone Net Lease, Inc. (NYSE:BNL) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.3333.

A number of equities research analysts have commented on BNL shares. Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. UBS Group raised their price target on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Cantor Fitzgerald raised their price target on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday.

Broadstone Net Lease Trading Up 0.8%

NYSE:BNL opened at $19.93 on Thursday. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 30.65 and a beta of 0.96. The firm has a fifty day simple moving average of $19.36 and a two-hundred day simple moving average of $18.61. Broadstone Net Lease has a 12 month low of $15.28 and a 12 month high of $20.48.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Equities analysts predict that Broadstone Net Lease will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 180.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BNL. Invesco Ltd. grew its holdings in shares of Broadstone Net Lease by 391.1% during the fourth 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. Balyasny Asset Management L.P. grew its holdings in shares of 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 valued at $69,579,000 after buying an additional 2,951,207 shares during the last quarter. Norges Bank acquired a new position in shares of Broadstone Net Lease during the fourth quarter valued at about $41,471,000. Hudson Bay Capital Management LP acquired a new position in shares of Broadstone Net Lease during the third quarter valued at about $37,998,000. Finally, New England Private Wealth Advisors LLC acquired a new position in shares of Broadstone Net Lease during the fourth quarter valued at about $27,426,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.