Brokerages Set Broadstone Net Lease, Inc. (NYSE:BNL) PT at $20.22

Broadstone Net Lease, Inc. (NYSE:BNL) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $20.2222.

BNL has been the topic of several research reports. UBS Group upped their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Morgan Stanley upped their price objective on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a report on Monday, December 29th. Cantor Fitzgerald upped their price objective on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings upgraded shares of Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday.

Hedge Funds Weigh In On Broadstone Net Lease

A number of hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC increased its position in Broadstone Net Lease by 42.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after acquiring an additional 600 shares during the period. American Century Companies Inc. increased its position in Broadstone Net Lease by 0.9% during the second quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock worth $1,250,000 after acquiring an additional 664 shares during the period. Alps Advisors Inc. increased its position in Broadstone Net Lease by 4.7% during the third quarter. Alps Advisors Inc. now owns 16,574 shares of the company’s stock worth $296,000 after acquiring an additional 737 shares during the period. Lazard Asset Management LLC increased its position in Broadstone Net Lease by 0.9% during the second quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock worth $1,432,000 after acquiring an additional 768 shares during the period. Finally, Arizona State Retirement System increased its position in Broadstone Net Lease by 1.4% during the third quarter. Arizona State Retirement System now owns 55,951 shares of the company’s stock worth $1,000,000 after acquiring an additional 779 shares during the period. 89.07% of the stock is owned by institutional investors.

Broadstone Net Lease Price Performance

NYSE:BNL opened at $18.94 on Friday. Broadstone Net Lease has a one year low of $13.96 and a one year high of $19.91. The company has a market cap of $3.63 billion, a P/E ratio of 37.89 and a beta of 0.99. The firm’s fifty day moving average price is $19.01 and its two-hundred day moving average price is $18.39.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 EPS 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%. 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. As a group, equities research analysts expect that Broadstone Net Lease will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.2925 per share. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Broadstone Net Lease’s payout ratio is 234.00%.

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.