Broadstone Net Lease (NYSE:BNL) Reaches New 1-Year High – Here’s What Happened

Broadstone Net Lease, Inc. (NYSE:BNL)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $19.87 and last traded at $19.71, with a volume of 22024 shares traded. The stock had previously closed at $19.64.

Wall Street Analyst Weigh In

Several research firms have commented on BNL. Truist Financial boosted their target price on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, November 25th. BTIG Research decreased their price objective on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, December 5th. Citizens Jmp restated a “market outperform” rating and set a $21.00 target price on shares of Broadstone Net Lease in a report on Tuesday, December 2nd. Cantor Fitzgerald set a $20.00 price target on Broadstone Net Lease in a research report on Monday, January 5th. Finally, Morgan Stanley increased their price objective on Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a report on Monday, December 29th. Eight 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 data from MarketBeat, Broadstone Net Lease currently has an average rating of “Moderate Buy” and an average target price of $19.80.

Broadstone Net Lease Stock Performance

The company has a market capitalization of $3.70 billion, a P/E ratio of 41.59 and a beta of 1.00. The company has a 50-day simple moving average of $18.30 and a 200 day simple moving average of $18.12.

Broadstone Net Lease (NYSE:BNL) last announced its earnings results on Wednesday, February 18th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $118.29 million for the quarter, compared to analyst estimates of $116.35 million. 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, sell-side analysts forecast that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.2925 dividend. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.17 annualized dividend and a yield of 6.0%. Broadstone Net Lease’s payout ratio is currently 246.81%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BNL. Strategic Advocates LLC bought a new stake in Broadstone Net Lease in the 3rd quarter valued at $30,000. Blue Trust Inc. increased 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 valued at $32,000 after acquiring an additional 881 shares during the period. CIBC Private Wealth Group LLC raised its position in Broadstone Net Lease by 42.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after purchasing an additional 600 shares in the last quarter. Advisory Services Network LLC bought a new position in Broadstone Net Lease during the third quarter worth about $61,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Broadstone Net Lease by 80.9% during the second 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 in the last quarter. 89.07% of the stock is currently 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.