Wall Street Zen Upgrades Broadstone Net Lease (NYSE:BNL) to “Hold”

Broadstone Net Lease (NYSE:BNL) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities research analysts also recently issued reports about the stock. BTIG Research cut their target price on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. JMP Securities reiterated a “market outperform” rating and set a $21.00 price target on shares of Broadstone Net Lease in a report on Monday, September 29th. Morgan Stanley boosted their price objective on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research note on Monday, December 29th. Citizens Jmp reaffirmed a “market outperform” rating and set a $21.00 target price on shares of Broadstone Net Lease in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Broadstone Net Lease in a report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.91.

Broadstone Net Lease Stock Up 0.9%

NYSE BNL opened at $18.71 on Friday. Broadstone Net Lease has a twelve month low of $13.96 and a twelve month high of $18.87. The business’s fifty day moving average is $17.79 and its 200 day moving average is $17.65. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 39.80 and a beta of 1.01.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.23). The firm had revenue of $114.17 million during the quarter, compared to the consensus estimate of $111.89 million. Broadstone Net Lease had a net margin of 20.04% and a return on equity of 2.93%. Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. On average, research analysts anticipate that Broadstone Net Lease will post 1.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BNL. Franklin Resources Inc. lifted its holdings in shares of Broadstone Net Lease by 14.6% in the 2nd quarter. Franklin Resources Inc. now owns 649,748 shares of the company’s stock worth $10,428,000 after purchasing an additional 82,779 shares in the last quarter. Columbus Macro LLC lifted its stake in shares of Broadstone Net Lease by 13.0% in the third quarter. Columbus Macro LLC now owns 614,998 shares of the company’s stock valued at $10,990,000 after buying an additional 70,823 shares in the last quarter. BTC Capital Management Inc. grew its holdings in shares of Broadstone Net Lease by 9.9% during the second quarter. BTC Capital Management Inc. now owns 158,289 shares of the company’s stock valued at $2,505,000 after buying an additional 14,318 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Broadstone Net Lease by 0.4% during the second quarter. Asset Management One Co. Ltd. now owns 374,475 shares of the company’s stock worth $6,010,000 after acquiring an additional 1,381 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Broadstone Net Lease by 339.0% in the 2nd quarter. Boston Partners now owns 2,079,251 shares of the company’s stock worth $33,372,000 after acquiring an additional 1,605,603 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

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.