Broadstone Net Lease, Inc. (NYSE:BNL) Receives $20.10 Average Target Price from Analysts

Broadstone Net Lease, Inc. (NYSE:BNL) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $20.10.

BNL has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Broadstone Net Lease in a report on Wednesday, October 8th. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Sunday, November 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Broadstone Net Lease in a report on Thursday, December 4th. BTIG Research cut their target price on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, December 5th. Finally, Truist Financial boosted their price target on Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, November 25th.

Broadstone Net Lease Price Performance

Shares of NYSE BNL opened at $17.52 on Friday. The business has a 50-day moving average of $17.91 and a 200-day moving average of $17.47. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 37.27 and a beta of 1.03. Broadstone Net Lease has a fifty-two week low of $13.96 and a fifty-two week high of $18.87.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.23). The company had revenue of $114.17 million for the quarter, compared to analyst estimates of $111.89 million. Broadstone Net Lease had a net margin of 20.04% and a return on equity of 2.93%. Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. On average, sell-side analysts expect that Broadstone Net Lease will post 1.43 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.29 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.16 dividend on an annualized basis and a yield of 6.6%. Broadstone Net Lease’s dividend payout ratio is 246.81%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Strategic Advocates LLC acquired a new stake in Broadstone Net Lease during the third quarter worth approximately $30,000. Blue Trust Inc. grew its holdings in shares of Broadstone Net Lease by 96.9% during the 3rd quarter. Blue Trust Inc. now owns 1,790 shares of the company’s stock worth $32,000 after purchasing an additional 881 shares in the last quarter. Wolff Wiese Magana LLC bought a new position in shares of Broadstone Net Lease in the second quarter worth $45,000. Advisory Services Network LLC bought a new position in shares of Broadstone Net Lease in the third quarter worth $61,000. Finally, EverSource Wealth Advisors LLC raised its stake in Broadstone Net Lease by 80.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after purchasing an additional 1,906 shares in the last quarter. 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.