Broadstone Net Lease, Inc. (NYSE:BNL) Sees Large Decline in Short Interest

Broadstone Net Lease, Inc. (NYSE:BNL) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,451,249 shares, a drop of 16.4% from the February 12th total of 5,325,444 shares. Based on an average trading volume of 1,969,517 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.3% of the shares of the stock are sold short. Currently, 2.3% of the shares of the stock are sold short. Based on an average trading volume of 1,969,517 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BNL shares. Citizens Jmp reaffirmed a “market outperform” rating and issued a $21.00 price target on shares of Broadstone Net Lease in a report on Tuesday, December 2nd. Wall Street Zen upgraded Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. BTIG Research decreased their target price on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Morgan Stanley increased their price target on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a report on Monday, December 29th. Finally, Truist Financial raised their price objective on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, November 25th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.20.

Institutional Investors Weigh In On Broadstone Net Lease

Institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its stake in shares of Broadstone Net Lease by 5.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company’s stock worth $335,000 after acquiring an additional 944 shares during the last quarter. Fund Advisors of America Inc FL purchased a new stake in shares of Broadstone Net Lease during the fourth quarter valued at $293,000. Corient Private Wealth LLC bought a new position in shares of Broadstone Net Lease in the fourth quarter worth about $696,000. Hsbc Holdings PLC increased its stake in Broadstone Net Lease by 47.1% in the 4th quarter. Hsbc Holdings PLC now owns 368,825 shares of the company’s stock worth $6,402,000 after buying an additional 118,178 shares during the period. Finally, Invesco Ltd. increased its stake in Broadstone Net Lease by 391.1% in the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock worth $79,302,000 after buying an additional 3,635,809 shares during the period. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

Shares of Broadstone Net Lease stock traded up $0.11 during trading on Tuesday, reaching $19.74. 2,629,273 shares of the stock traded hands, compared to its average volume of 1,884,345. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 39.47 and a beta of 0.99. Broadstone Net Lease has a 52-week low of $13.96 and a 52-week high of $19.91. The business has a fifty day simple moving average of $18.92 and a two-hundred day simple moving average of $18.37.

Broadstone Net Lease (NYSE:BNL) last released its quarterly 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 net margin of 21.25% and a return on equity of 3.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, research analysts predict that Broadstone Net Lease will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.2925 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.17 annualized dividend and a dividend yield of 5.9%. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.29. Broadstone Net Lease’s dividend payout ratio is currently 232.00%.

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.