Broadstone Net Lease, Inc. (NYSE:BNL) Given Average Rating of “Moderate Buy” by Analysts

Broadstone Net Lease, Inc. (NYSE:BNL) has received an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $22.7778.

Several brokerages have recently weighed in on BNL. The Goldman Sachs Group upped their price target on Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadstone Net Lease in a research note on Friday, July 31st. Citizens Jmp cut shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. Citigroup cut shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Finally, BMO Capital Markets raised their price target on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, July 10th.

Insider Activity

In other Broadstone Net Lease news, Director Richard Imperiale bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average cost of $21.22 per share, for a total transaction of $106,100.00. Following the purchase, the director directly owned 26,250 shares of the company’s stock, valued at $557,025. The trade was a 23.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System raised its position in shares of Broadstone Net Lease by 30.2% during the 1st quarter. California State Teachers Retirement System now owns 236,627 shares of the company’s stock valued at $4,323,000 after buying an additional 54,892 shares in the last quarter. Indivisible Partners purchased a new position in Broadstone Net Lease in the fourth quarter worth $1,465,000. Quantinno Capital Management LP grew its position in Broadstone Net Lease by 164.8% in the first quarter. Quantinno Capital Management LP now owns 91,618 shares of the company’s stock worth $1,674,000 after acquiring an additional 57,021 shares in the last quarter. Bank of America Corp DE increased its stake in Broadstone Net Lease by 8.7% in the first quarter. Bank of America Corp DE now owns 2,231,816 shares of the company’s stock valued at $40,775,000 after acquiring an additional 178,546 shares during the last quarter. Finally, LSV Asset Management increased its stake in Broadstone Net Lease by 60.9% in the fourth quarter. LSV Asset Management now owns 2,156,500 shares of the company’s stock valued at $37,458,000 after acquiring an additional 816,100 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

NYSE:BNL opened at $20.78 on Wednesday. Broadstone Net Lease has a 1 year low of $17.16 and a 1 year high of $23.10. The stock’s fifty day moving average price is $21.48 and its two-hundred day moving average price is $20.38. The company has a market cap of $3.99 billion, a P/E ratio of 27.34 and a beta of 0.91.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $122.31 million during the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, analysts expect that Broadstone Net Lease will post 1.53 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.17 annualized dividend and a dividend yield of 5.6%. Broadstone Net Lease’s dividend payout ratio is presently 153.95%.

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.