Analysts Set Broadstone Net Lease, Inc. (NYSE:BNL) Price Target at $22.78

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

A number of analysts have recently weighed in on BNL shares. KeyCorp raised their price target on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. The Goldman Sachs Group increased their target price on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Saturday, August 1st. BTIG Research raised their target price on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadstone Net Lease in a report on Friday, July 31st.

Broadstone Net Lease Trading Down 2.1%

Shares of NYSE BNL opened at $20.49 on Friday. The stock has a market capitalization of $3.93 billion, a PE ratio of 26.96 and a beta of 0.92. The stock’s fifty day simple moving average is $21.35 and its two-hundred day simple moving average is $20.09. Broadstone Net Lease has a 12-month low of $16.48 and a 12-month high of $23.10.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $122.31 million for the quarter, compared to the consensus estimate 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, equities analysts predict that Broadstone Net Lease will post 1.52 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.7%. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 153.95%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BNL. Royal Bank of Canada raised its stake in Broadstone Net Lease by 69.9% in the first quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock valued at $1,566,000 after buying an additional 37,830 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Broadstone Net Lease by 52.8% during the first quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock worth $436,000 after acquiring an additional 8,848 shares during the last quarter. Millennium Management LLC grew its stake in shares of Broadstone Net Lease by 2.3% during the first quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock worth $19,551,000 after acquiring an additional 25,944 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Broadstone Net Lease by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,283,889 shares of the company’s stock valued at $21,877,000 after acquiring an additional 70,534 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Broadstone Net Lease by 292.3% during the first quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after acquiring an additional 412,604 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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.