Broadstone Net Lease (NYSE:BNL) Updates FY 2026 Earnings Guidance

Broadstone Net Lease (NYSE:BNL) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 1.550-1.570 for the period, compared to the consensus estimate of 1.520. The company issued revenue guidance of -.

Broadstone Net Lease Stock Performance

Shares of NYSE BNL traded down $0.12 during trading on Friday, hitting $21.39. 361,402 shares of the company traded hands, compared to its average volume of 2,166,196. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 28.15 and a beta of 0.94. The business’s fifty day moving average is $21.24 and its 200 day moving average is $19.96. Broadstone Net Lease has a fifty-two week low of $16.05 and a fifty-two week high of $23.10.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.82% and a net margin of 30.61%.The business had revenue of $122.31 million for the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, analysts predict that Broadstone Net Lease will post 1.52 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio is currently 153.95%.

Analyst Upgrades and Downgrades

BNL has been the subject of a number of recent research reports. KeyCorp boosted their price objective on Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Cantor Fitzgerald upped their price target on Broadstone Net Lease from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. BMO Capital Markets upped their target price on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Finally, BTIG Research raised their price target on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.22.

Institutional Trading of Broadstone Net Lease

Several hedge funds have recently added to or reduced their stakes in the stock. Federation des caisses Desjardins du Quebec raised its holdings in shares of Broadstone Net Lease by 5.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 65,859 shares of the company’s stock worth $1,144,000 after purchasing an additional 3,283 shares during the period. Jain Global LLC increased its position in Broadstone Net Lease by 35.4% in the fourth quarter. Jain Global LLC now owns 63,112 shares of the company’s stock worth $1,096,000 after buying an additional 16,500 shares during the last quarter. Van ECK Associates Corp increased its position in Broadstone Net Lease by 9.8% in the fourth quarter. Van ECK Associates Corp now owns 50,711 shares of the company’s stock worth $881,000 after buying an additional 4,538 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Broadstone Net Lease by 9.9% in the fourth quarter. Stifel Financial Corp now owns 30,661 shares of the company’s stock valued at $533,000 after buying an additional 2,763 shares during the period. Finally, Comerica Bank raised its stake in shares of Broadstone Net Lease by 58.4% in the third quarter. Comerica Bank now owns 24,458 shares of the company’s stock valued at $437,000 after buying an additional 9,013 shares during the period. Institutional investors own 89.07% of the company’s stock.

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.