Broadstone Net Lease (NYSE:BNL) Reaches New 1-Year High – Time to Buy?

Broadstone Net Lease, Inc. (NYSE:BNL) reached a new 52-week high on Monday . The company traded as high as $20.75 and last traded at $20.7420, with a volume of 264 shares trading hands. The stock had previously closed at $20.58.

Analyst Ratings Changes

Several analysts recently commented on the company. Cantor Fitzgerald raised their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. UBS Group raised their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Truist Financial set a $22.00 target price on shares of Broadstone Net Lease in a research note on Monday. Finally, Weiss Ratings raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Broadstone Net Lease has an average rating of “Moderate Buy” and a consensus target price of $20.56.

Broadstone Net Lease Stock Up 1.6%

The company has a market cap of $4.01 billion, a PE ratio of 32.24 and a beta of 0.95. The business has a 50-day simple moving average of $19.90 and a 200-day simple moving average of $18.94.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, research analysts forecast that Broadstone Net Lease, Inc. will post 1.51 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s payout ratio is presently 180.00%.

Hedge Funds Weigh In On Broadstone Net Lease

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its stake in shares of Broadstone Net Lease by 391.1% during the fourth quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock worth $79,302,000 after purchasing an additional 3,635,809 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Broadstone Net Lease by 213.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock valued at $69,579,000 after buying an additional 2,951,207 shares in the last quarter. Norges Bank purchased a new position in Broadstone Net Lease in the 4th quarter valued at about $41,471,000. Hudson Bay Capital Management LP acquired a new stake in Broadstone Net Lease in the 3rd quarter worth about $37,998,000. Finally, New England Private Wealth Advisors LLC acquired a new stake in Broadstone Net Lease in the 4th quarter worth about $27,426,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

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.