Broadstone Net Lease (NYSE:BNL) Hits New 1-Year High – Here’s Why

Broadstone Net Lease, Inc. (NYSE:BNL)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $21.57 and last traded at $21.5960, with a volume of 235598 shares. The stock had previously closed at $21.09.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial set a $22.00 price objective on shares of Broadstone Net Lease in a research report on Monday, June 8th. Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Citizens Jmp cut shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Finally, Cantor Fitzgerald lifted their price target 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. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.78.

Broadstone Net Lease Price Performance

The firm has a market capitalization of $4.09 billion, a PE ratio of 32.84 and a beta of 0.94. The firm has a fifty day moving average price of $20.46 and a 200 day moving average price of $19.38.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share 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 analysts’ expectations of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, sell-side analysts expect that Broadstone Net Lease, Inc. will post 1.52 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid 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 5.5%. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 180.00%.

Institutional Trading of Broadstone Net Lease

Several large investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of Broadstone Net Lease by 42.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock valued at $35,000 after buying an additional 600 shares during the last quarter. American Century Companies Inc. increased its holdings in Broadstone Net Lease by 0.9% in the second quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock worth $1,250,000 after buying an additional 664 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Broadstone Net Lease by 0.9% in the second quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock worth $1,432,000 after buying an additional 768 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Broadstone Net Lease by 5.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company’s stock valued at $335,000 after acquiring an additional 944 shares in the last quarter. Finally, FJ Capital Management LLC raised its position in Broadstone Net Lease by 8.2% during the second quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock valued at $205,000 after acquiring an additional 965 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

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.