Broadstone Net Lease (NYSE:BNL) Stock Dropped to "Sell" by Wall Street Zen

Key Points

• Wall Street Zen downgraded Broadstone Net Lease to “sell” from “hold,” although the broader analyst consensus remains “Moderate Buy,” with eight Buy ratings and three Holds and an average price target of $22.33.
• BNL shares opened at $17.12, near their 52-week low of $16.70 and below both their 50-day and 200-day moving averages, signaling continued weak price momentum.
• The company’s latest quarterly results fell slightly short of expectations, reporting $0.14 in EPS versus a $0.16 estimate and $121.87 million in revenue versus a $122.19 million forecast.

Broadstone Net Lease (NYSE:BNL - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently issued reports on BNL. Weiss Ratings downgraded shares of Broadstone Net Lease from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. BMO Capital Markets upped their target price on Broadstone Net Lease from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, July 10th. Cantor Fitzgerald decreased their target price on Broadstone Net Lease from $24.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday. The Goldman Sachs Group increased their target price on 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, KeyCorp reissued an "overweight" rating on shares of Broadstone Net Lease in a report on Tuesday, September 15th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.33.

Broadstone Net Lease Stock Performance

NYSE BNL opened at $17.12 on Friday. The firm has a 50-day moving average of $19.14 and a 200-day moving average of $19.85. The stock has a market cap of $3.29 billion, a PE ratio of 22.53 and a beta of 0.91. Broadstone Net Lease has a 52-week low of $16.70 and a 52-week high of $23.10.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). Broadstone Net Lease had a net margin of 30.26% and a return on equity of 4.86%. The company had revenue of $121.87 million during the quarter, compared to analyst estimates of $122.19 million. As a group, analysts predict that Broadstone Net Lease will post 1.51 EPS for the current fiscal year.

Insiders Place Their Bets

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 purchase, the director directly owned 26,250 shares of the company's stock, valued at $557,025. This trade represents a 23.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Broadstone Net Lease in the second quarter valued at about $712,332,000. Dimensional Fund Advisors LP lifted its holdings in shares of Broadstone Net Lease by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,696,795 shares of the company's stock worth $49,273,000 after acquiring an additional 103,091 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Broadstone Net Lease by 8.7% in the first quarter. Bank of America Corp DE now owns 2,231,816 shares of the company's stock worth $40,775,000 after acquiring an additional 178,546 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Broadstone Net Lease by 7.8% in the 2nd quarter. Alyeska Investment Group L.P. now owns 2,050,198 shares of the company's stock valued at $42,378,000 after purchasing an additional 148,533 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Broadstone Net Lease in the 2nd quarter valued at approximately $39,745,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Trending Headlines about Broadstone Net Lease

Here are the key news stories impacting Broadstone Net Lease this week:

• Positive Sentiment: Broadstone Net Lease reported third-quarter funds from operations of $0.39 per share, matching the consensus estimate and increasing from $0.37 a year earlier. The in-line result provided some earnings relief for investors. Broadstone Net Lease Q3 FFO Meet Estimates
• Positive Sentiment: BNL raised its fiscal 2026 EPS guidance to $1.55-$1.57, above the prior consensus estimate of $1.51. The outlook suggests management expects earnings to outperform current analyst expectations. Broadstone Net Lease Stock Gains on Q3 Earnings Relief
• Positive Sentiment: The company declared a quarterly dividend of $0.295 per share, up 0.9% from the previous payment. The annualized $1.18 payout represents an indicated yield of roughly 7%, which may appeal to income-focused investors. Broadstone Net Lease Declares Quarterly Dividend
• Neutral Sentiment: Cantor Fitzgerald maintained an “overweight” rating but lowered its price target from $24 to $21. The revised target still implies substantial upside from recent trading levels, but the reduction signals more cautious near-term expectations. Cantor Fitzgerald Broadstone Net Lease Rating
• Negative Sentiment: The lower analyst target may weigh on sentiment, particularly after BNL’s recent decline and continued trading below its 50-day and 200-day moving averages.

Broadstone Net Lease Company Profile

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.

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