Broadstone Net Lease, Inc. (NYSE:BNL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $20.5556.

A number of analysts have recently commented on BNL shares. Weiss Ratings upgraded Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Truist Financial set a $22.00 price target on Broadstone Net Lease in a report on Monday, June 8th. Citigroup downgraded Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. UBS Group lifted their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Finally, Cantor Fitzgerald boosted their target price on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th.

Hedge Funds Weigh In On Broadstone Net Lease

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of Broadstone Net Lease by 8.7% during the first quarter. Bank of America Corp DE now owns 2,231,816 shares of the company’s stock worth $40,775,000 after purchasing an additional 178,546 shares during the last quarter. Anson Funds Management LP lifted its position in shares of Broadstone Net Lease by 50.0% during the first quarter. Anson Funds Management LP now owns 120,000 shares of the company’s stock worth $2,192,000 after purchasing an additional 40,000 shares during the last quarter. Amundi lifted its position in shares of Broadstone Net Lease by 4.3% during the first quarter. Amundi now owns 89,997 shares of the company’s stock worth $1,644,000 after purchasing an additional 3,682 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Broadstone Net Lease by 33.8% during the first quarter. EverSource Wealth Advisors LLC now owns 7,075 shares of the company’s stock worth $129,000 after purchasing an additional 1,788 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Broadstone Net Lease by 30.2% during the first quarter. California State Teachers Retirement System now owns 236,627 shares of the company’s stock worth $4,323,000 after purchasing an additional 54,892 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Performance

BNL stock opened at $21.08 on Friday. The firm has a market cap of $4.04 billion, a P/E ratio of 32.43 and a beta of 0.95. Broadstone Net Lease has a 1 year low of $15.66 and a 1 year high of $21.50. The stock’s 50 day moving average price is $20.28 and its 200 day moving average price is $19.16.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The firm had revenue of $121.40 million for the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, research analysts predict that Broadstone Net Lease will post 1.52 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a yield of 5.6%. Broadstone Net Lease’s dividend payout ratio is currently 180.00%.

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.