Broadstone Net Lease (NYSE:BNL) Sees Unusually-High Trading Volume – What’s Next?

Broadstone Net Lease, Inc. (NYSE:BNL) saw an uptick in trading volume on Friday . 1,731,216 shares traded hands during trading, a decline of 20% from the previous session’s volume of 2,161,917 shares.The stock last traded at $20.7150 and had previously closed at $21.16.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BNL. Cantor Fitzgerald raised their price target on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. BTIG Research boosted their price objective on Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Citizens Jmp cut Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Weiss Ratings restated a “buy (b)” rating on shares of Broadstone Net Lease in a research report on Friday, July 31st. Finally, Citigroup downgraded Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.78.

Broadstone Net Lease Price Performance

The company’s 50 day moving average price is $21.32 and its two-hundred day moving average price is $20.06. The stock has a market capitalization of $3.96 billion, a PE ratio of 27.20 and a beta of 0.92.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. The firm 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. Analysts forecast that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Wednesday, September 30th. Broadstone Net Lease’s payout ratio is currently 153.95%.

Institutional Investors Weigh In On Broadstone Net Lease

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its position in Broadstone Net Lease by 2.2% during the second quarter. State Street Corp now owns 8,388,518 shares of the company’s stock worth $136,998,000 after buying an additional 178,186 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Broadstone Net Lease by 2.7% in the 2nd quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock valued at $76,896,000 after buying an additional 124,589 shares in the last quarter. Invesco Ltd. grew its holdings in Broadstone Net Lease by 391.1% in the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after buying an additional 3,635,809 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of 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 worth $69,579,000 after acquiring an additional 2,951,207 shares during the last quarter. Finally, Nuveen LLC increased its stake in shares of Broadstone Net Lease by 3.7% in the 4th quarter. Nuveen LLC now owns 4,310,108 shares of the company’s stock worth $74,867,000 after acquiring an additional 152,684 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

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.