Broadstone Net Lease (NYSE:BNL) Posts Earnings Results, Beats Expectations By $0.01 EPS

Broadstone Net Lease (NYSE:BNL) posted its earnings results on Wednesday. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01, Zacks reports. Broadstone Net Lease had a net margin of 20.04% and a return on equity of 2.93%. Broadstone Net Lease updated its FY 2026 guidance to 1.530-1.57 EPS.

Broadstone Net Lease Stock Performance

Broadstone Net Lease stock opened at $19.53 on Thursday. The stock has a market capitalization of $3.70 billion, a P/E ratio of 41.56 and a beta of 1.00. The company’s fifty day moving average price is $18.30 and its 200 day moving average price is $18.12. Broadstone Net Lease has a 1 year low of $13.96 and a 1 year high of $19.91.

Broadstone Net Lease Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.17 dividend on an annualized basis and a yield of 6.0%. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. Broadstone Net Lease’s dividend payout ratio is 246.81%.

Institutional Trading of Broadstone Net Lease

Institutional investors have recently modified their holdings of the stock. EP Wealth Advisors LLC acquired a new position in shares of Broadstone Net Lease during the 4th quarter worth about $209,000. NewEdge Advisors LLC acquired a new position in shares of Broadstone Net Lease during the fourth quarter valued at approximately $414,000. XTX Topco Ltd acquired a new position in shares of Broadstone Net Lease during the fourth quarter valued at approximately $2,230,000. VARCOV Co. purchased a new position in shares of Broadstone Net Lease in the fourth quarter valued at approximately $728,000. Finally, Polymer Capital Management US LLC acquired a new stake in shares of Broadstone Net Lease in the fourth quarter worth approximately $326,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Cantor Fitzgerald set a $20.00 price objective on Broadstone Net Lease in a research note on Monday, January 5th. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. BTIG Research decreased their price target on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, December 5th. Truist Financial raised their price objective on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Broadstone Net Lease in a report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Broadstone Net Lease currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.80.

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.