Broadstone Net Lease (NYSE:BNL) Sees Large Volume Increase – Time to Buy?

Broadstone Net Lease, Inc. (NYSE:BNL) shares saw strong trading volume on Wednesday . 6,056,541 shares traded hands during mid-day trading, an increase of 211% from the previous session’s volume of 1,950,042 shares.The stock last traded at $19.4050 and had previously closed at $18.87.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Cantor Fitzgerald upped their target price on Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings raised Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Morgan Stanley upped their target price on Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a research report on Monday, December 29th. Finally, UBS Group upped their target price on Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.22.

Broadstone Net Lease Trading Up 3.2%

The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 38.96 and a beta of 0.99. The company has a 50-day moving average of $19.01 and a 200-day moving average of $18.39.

Broadstone Net Lease (NYSE:BNL) last issued its earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.20). Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.The company had revenue of $118.30 million during the quarter, compared to analyst estimates of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, research analysts forecast that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.2925 dividend. This is a boost from Broadstone Net Lease’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Broadstone Net Lease’s dividend payout ratio is 234.00%.

Institutional Investors Weigh In On Broadstone Net Lease

Several large investors have recently added to or reduced their stakes in BNL. Royal Bank of Canada increased its position in Broadstone Net Lease by 69.9% in the first quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock worth $1,566,000 after buying an additional 37,830 shares during the period. AQR Capital Management LLC increased its position in Broadstone Net Lease by 52.8% in the first quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock worth $436,000 after buying an additional 8,848 shares during the period. Millennium Management LLC increased its position in Broadstone Net Lease by 2.3% in the first quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock worth $19,551,000 after buying an additional 25,944 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Broadstone Net Lease by 5.8% in the first 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 buying an additional 70,534 shares during the period. Finally, Jane Street Group LLC increased its position in Broadstone Net Lease by 292.3% in the first quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock worth $9,436,000 after buying an additional 412,604 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

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.