Broadstone Net Lease (NYSE:BNL) Releases FY 2026 Earnings Guidance

Broadstone Net Lease (NYSE:BNL) issued an update on its FY 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 1.550-1.570 for the period, compared to the consensus earnings per share estimate of 1.510.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial raised shares of Broadstone Net Lease from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $22.00 to $21.00 in a research report on Thursday, October 1st. KeyCorp reiterated an “overweight” rating on shares of Broadstone Net Lease in a research note on Tuesday, September 15th. BMO Capital Markets upped their price objective 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. The Goldman Sachs Group lifted their target price on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings lowered shares of Broadstone Net Lease from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Broadstone Net Lease currently has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Broadstone Net Lease Trading Up 3.2%

Shares of Broadstone Net Lease stock opened at $17.41 on Friday. The firm has a market capitalization of $3.34 billion, a PE ratio of 22.90 and a beta of 0.91. The business’s 50-day moving average price is $19.22 and its 200-day moving average price is $19.86. Broadstone Net Lease has a 12 month low of $16.70 and a 12 month high of $23.10.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $121.87 million for the quarter, compared to the consensus estimate of $122.19 million. Broadstone Net Lease had a net margin of 30.26% and a return on equity of 4.85%. As a group, analysts predict that Broadstone Net Lease will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be issued a dividend of $0.2950 per share. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.2925. This represents a $1.18 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Thursday, December 31st. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 153.95%.

Insider Buying and Selling

In other Broadstone Net Lease news, Director Richard Imperiale acquired 5,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the acquisition, the director owned 26,250 shares in the company, valued at $557,025. This represents a 23.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by insiders.

About Broadstone Net Lease

Broadstone Net Lease, Inc (NYSE: BNL) is a real estate investment trust (REIT) that owns and manages a diversified portfolio of primarily single-tenant commercial properties. The company generally leases its properties under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Broadstone’s portfolio includes properties used by healthcare providers, industrial and manufacturing companies, office-based businesses, restaurants and retail operators.