Broadstone Net Lease, Inc. (NYSE:BNL) Short Interest Down 22.3% in December

Broadstone Net Lease, Inc. (NYSE:BNL) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,837,833 shares, a decline of 22.3% from the December 15th total of 4,940,757 shares. Based on an average trading volume of 1,815,260 shares, the short-interest ratio is presently 2.1 days. Currently, 2.0% of the company’s shares are short sold. Currently, 2.0% of the company’s shares are short sold. Based on an average trading volume of 1,815,260 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BNL shares. JMP Securities restated a “market outperform” rating and set a $21.00 price objective on shares of Broadstone Net Lease in a research report on Monday, September 29th. Citizens Jmp reissued a “market outperform” rating and issued a $21.00 price target on shares of Broadstone Net Lease in a research note on Tuesday, December 2nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Broadstone Net Lease in a research report on Thursday, December 4th. Truist Financial upped their price objective on Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadstone Net Lease in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.91.

Institutional Investors Weigh In On Broadstone Net Lease

A number of hedge funds have recently bought and sold shares of the stock. Strategic Advocates LLC acquired a new position in shares of Broadstone Net Lease during the third quarter worth about $30,000. Blue Trust Inc. lifted its stake in Broadstone Net Lease by 96.9% in the third quarter. Blue Trust Inc. now owns 1,790 shares of the company’s stock worth $32,000 after acquiring an additional 881 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in Broadstone Net Lease during the 2nd quarter worth approximately $45,000. Advisory Services Network LLC acquired a new position in Broadstone Net Lease during the 3rd quarter worth approximately $61,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Broadstone Net Lease by 80.9% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Trading Up 0.9%

Broadstone Net Lease stock traded up $0.17 during trading on Monday, hitting $18.71. The company had a trading volume of 1,400,091 shares, compared to its average volume of 1,629,679. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 39.80 and a beta of 1.01. Broadstone Net Lease has a 1-year low of $13.96 and a 1-year high of $18.87. The company’s 50 day simple moving average is $17.80 and its 200-day simple moving average is $17.67.

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

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.29 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.16 dividend on an annualized basis and a yield of 6.2%. Broadstone Net Lease’s dividend payout ratio (DPR) is 246.81%.

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.