Broadstone Net Lease (NYSE:BNL) Posts Earnings Results, Beats Estimates By $0.16 EPS

Broadstone Net Lease (NYSE:BNL) announced its quarterly earnings data on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.16, Zacks reports. Broadstone Net Lease had a net margin of 33.56% and a return on equity of 4.47%. Broadstone Net Lease updated its FY 2025 guidance to 1.450-1.490 EPS.

Broadstone Net Lease Trading Down 0.6 %

Shares of BNL opened at $15.59 on Thursday. The stock has a market cap of $2.94 billion, a PE ratio of 20.51 and a beta of 1.11. Broadstone Net Lease has a 1 year low of $14.20 and a 1 year high of $19.15. The stock has a 50 day simple moving average of $15.84 and a 200-day simple moving average of $17.18.

Wall Street Analysts Forecast Growth

BNL has been the subject of several recent research reports. UBS Group started coverage on Broadstone Net Lease in a research report on Thursday, November 14th. They set a “neutral” rating and a $18.00 price target for the company. JMP Securities raised shares of Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Tuesday, December 17th. Finally, Citizens Jmp raised shares of Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.60.

About Broadstone Net Lease

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.