Broadstone Net Lease (BNL) to Release Quarterly Earnings on Wednesday

Broadstone Net Lease (NYSE:BNL - Get Free Report) will likely be announcing its Q1 2025 earnings results after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $109.26 million for the quarter. Broadstone Net Lease has set its FY 2025 guidance at 1.450-1.490 EPS.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.16. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. The business had revenue of $112.13 million for the quarter, compared to the consensus estimate of $109.80 million. On average, analysts expect Broadstone Net Lease to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Broadstone Net Lease Trading Up 0.3 %

BNL traded up $0.06 on Monday, hitting $15.99. 135,566 shares of the company's stock were exchanged, compared to its average volume of 1,161,621. Broadstone Net Lease has a fifty-two week low of $13.96 and a fifty-two week high of $19.15. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 18.39 and a beta of 1.03. The firm has a 50-day moving average price of $16.38 and a 200-day moving average price of $16.58.

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.29 per share. The ex-dividend date was Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a yield of 7.26%. Broadstone Net Lease's payout ratio is 133.33%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets set a $20.00 target price on shares of Broadstone Net Lease and gave the stock an "outperform" rating in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Broadstone Net Lease has an average rating of "Moderate Buy" and a consensus price target of $18.83.

About Broadstone Net Lease

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation's operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation's properties.