Broadstone Net Lease, Inc. (NYSE:BNL) Receives $21.70 Average Target Price from Brokerages

Broadstone Net Lease, Inc. (NYSE:BNL) has been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $21.70.

A number of research analysts recently weighed in on BNL shares. KeyCorp raised their target price 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. BMO Capital Markets upped their price target on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Citizens Jmp lowered shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Truist Financial set a $22.00 price objective on shares of Broadstone Net Lease in a research note on Monday, June 8th. Finally, Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th.

Institutional Investors Weigh In On Broadstone Net Lease

Large investors have recently added to or reduced their stakes in the stock. Strategic Advocates LLC bought a new stake in shares of Broadstone Net Lease in the 3rd quarter valued at approximately $30,000. CIBC Private Wealth Group LLC increased its position 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 purchasing an additional 600 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Broadstone Net Lease during the 3rd quarter valued at $61,000. EverSource Wealth Advisors LLC raised its holdings in Broadstone Net Lease by 80.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after buying an additional 1,906 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Broadstone Net Lease by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock valued at $96,000 after acquiring an additional 1,385 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Broadstone Net Lease Trading Up 0.1%

Shares of Broadstone Net Lease stock opened at $22.81 on Tuesday. The stock has a 50 day moving average of $20.83 and a 200 day moving average of $19.65. Broadstone Net Lease has a 12 month low of $15.67 and a 12 month high of $23.10. The firm has a market cap of $4.37 billion, a PE ratio of 35.09 and a beta of 0.94.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $121.40 million for the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, equities research analysts forecast that Broadstone Net Lease will post 1.52 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.2925 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.17 annualized dividend and a yield of 5.1%. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 180.00%.

About Broadstone Net Lease

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.