Broadstone Net Lease (NYSE:BNL) Issues Earnings Results

Broadstone Net Lease (NYSE:BNL) released its quarterly earnings results on Wednesday. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02, FiscalAI reports. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The company had revenue of $122.31 million for the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease updated its FY 2026 guidance to 1.550-1.570 EPS.

Broadstone Net Lease Trading Down 1.3%

Shares of Broadstone Net Lease stock traded down $0.29 during trading on Wednesday, reaching $22.11. The company’s stock had a trading volume of 1,646,052 shares, compared to its average volume of 2,160,684. The company has a 50-day moving average price of $21.19 and a two-hundred day moving average price of $19.91. The firm has a market cap of $4.23 billion, a PE ratio of 34.01 and a beta of 0.94. Broadstone Net Lease has a fifty-two week low of $15.80 and a fifty-two week high of $23.10.

Institutional Investors Weigh In On Broadstone Net Lease

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Bancorp USA Inc. purchased a new stake in Broadstone Net Lease during the 3rd quarter valued at approximately $362,000. Quantinno Capital Management LP increased its holdings in shares of Broadstone Net Lease by 51.5% in the second quarter. Quantinno Capital Management LP now owns 20,374 shares of the company’s stock valued at $327,000 after purchasing an additional 6,929 shares during the period. Polymer Capital Management US LLC purchased a new stake in shares of Broadstone Net Lease during the fourth quarter worth approximately $326,000. BNP Paribas Financial Markets lifted its holdings in shares of Broadstone Net Lease by 71.2% during the second quarter. BNP Paribas Financial Markets now owns 19,408 shares of the company’s stock worth $311,000 after purchasing an additional 8,069 shares during the period. Finally, FJ Capital Management LLC grew its position in Broadstone Net Lease by 16.2% in the 3rd quarter. FJ Capital Management LLC now owns 14,817 shares of the company’s stock valued at $265,000 after buying an additional 2,063 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BNL shares. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Truist Financial set a $22.00 price target on Broadstone Net Lease in a report on Monday, June 8th. Citizens Jmp lowered Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Cantor Fitzgerald lifted their price objective on Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, BTIG Research boosted their price objective on Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

About Broadstone Net Lease

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.