Brokerages Set Broadstone Net Lease, Inc. (NYSE:BNL) Target Price at $22.78

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) have earned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $22.7778.

A number of equities research analysts recently issued reports on the company. Truist Financial set a $22.00 target price on Broadstone Net Lease in a research report on Monday, June 8th. Citizens Jmp downgraded Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Cantor Fitzgerald raised their price target on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Broadstone Net Lease in a research report on Friday, July 31st.

Insider Transactions at Broadstone Net Lease

In other Broadstone Net Lease news, Director Richard Imperiale purchased 5,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $21.22 per share, with a total value of $106,100.00. Following the transaction, the director directly owned 26,250 shares of the company’s stock, valued at $557,025. This represents a 23.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Broadstone Net Lease

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

Broadstone Net Lease Trading Down 0.4%

BNL stock opened at $20.78 on Wednesday. The stock has a 50-day moving average price of $21.48 and a two-hundred day moving average price of $20.38. Broadstone Net Lease has a 1 year low of $17.16 and a 1 year high of $23.10. The stock has a market cap of $3.99 billion, a PE ratio of 27.34 and a beta of 0.91.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $122.31 million for the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, analysts forecast that Broadstone Net Lease will post 1.53 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a yield of 5.6%. Broadstone Net Lease’s dividend payout ratio (DPR) is 153.95%.

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.