Broadstone Net Lease (NYSE:BNL) Sets New 1-Year High – Still a Buy?

Broadstone Net Lease, Inc. (NYSE:BNL) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $23.10 and last traded at $22.7740, with a volume of 1837698 shares. The stock had previously closed at $22.80.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BNL shares. Citigroup downgraded Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Citizens Jmp cut shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Weiss Ratings raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. BMO Capital Markets increased their target price on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Cantor Fitzgerald raised their price target on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

Broadstone Net Lease Stock Performance

The company has a market cap of $4.36 billion, a price-to-earnings ratio of 35.07 and a beta of 0.94. The business has a 50-day simple moving average of $20.94 and a 200-day simple moving average of $19.74.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The business had revenue of $121.40 million during the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Research analysts anticipate that Broadstone Net Lease, Inc. will post 1.52 EPS for the current year.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 5.1%. The ex-dividend date was Tuesday, June 30th. Broadstone Net Lease’s payout ratio is 180.00%.

Institutional Investors Weigh In On Broadstone Net Lease

A number of large investors have recently modified their holdings of BNL. CIBC Private Wealth Group LLC lifted its position in Broadstone Net Lease by 42.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after acquiring an additional 600 shares during the period. American Century Companies Inc. increased its holdings in shares of Broadstone Net Lease by 0.9% in the second quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock valued at $1,250,000 after purchasing an additional 664 shares during the period. Lazard Asset Management LLC raised its stake in shares of Broadstone Net Lease by 0.9% during the second quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock worth $1,432,000 after purchasing an additional 768 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Broadstone Net Lease by 5.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company’s stock worth $335,000 after purchasing an additional 944 shares during the last quarter. Finally, FJ Capital Management LLC lifted its holdings in shares of Broadstone Net Lease by 8.2% during the second quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock worth $205,000 after purchasing an additional 965 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Broadstone Net Lease Company Profile

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.