Broadstone Net Lease, Inc. (NYSE:BNL) to Issue Quarterly Dividend of $0.29

Broadstone Net Lease, Inc. (NYSE:BNL) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.2925 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 0.9% increase from Broadstone Net Lease’s previous quarterly dividend of $0.29.

Broadstone Net Lease has a dividend payout ratio of 150.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Broadstone Net Lease to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 80.0%.

Broadstone Net Lease Trading Down 1.6%

Broadstone Net Lease stock opened at $19.53 on Thursday. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 41.56 and a beta of 1.00. Broadstone Net Lease has a 12 month low of $13.96 and a 12 month high of $19.91. The stock’s 50 day moving average is $18.30 and its 200-day moving average is $18.12.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. 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 2026 guidance at 1.530-1.57 EPS. As a group, equities research analysts predict that Broadstone Net Lease will post 1.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on BNL shares. Cantor Fitzgerald set a $20.00 target price on shares of Broadstone Net Lease in a report on Monday, January 5th. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $21.00 price objective on shares of Broadstone Net Lease in a report on Tuesday, December 2nd. BTIG Research reduced their target price on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, December 5th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Broadstone Net Lease in a research report on Thursday, December 4th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.80.

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.