Broadstone Net Lease, Inc. (NYSE:BNL) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Broadstone Net Lease has a “Moderate Buy” consensus rating from 11 analysts, with seven buys and four holds. The average 12-month price target is $22.78, above the reported share price of $20.89.
• The company exceeded quarterly expectations, reporting EPS of $0.21 versus the $0.19 consensus and revenue of $122.31 million. Analysts expect approximately $1.52 in full-year EPS.
• Broadstone Net Lease declared a quarterly dividend of $0.2925, representing a $1.17 annualized payout and a 5.6% yield; institutional investors own 89.07% of the stock.

Shares of Broadstone Net Lease, Inc. (NYSE:BNL - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven ratings firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $22.7778.

BNL has been the subject of a number of recent analyst reports. BTIG Research raised their price target on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a report on Monday, June 8th. 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. BMO Capital Markets upped their target price 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. Finally, Citizens Jmp cut shares of Broadstone Net Lease from an "outperform" rating to a "market perform" rating in a research report on Friday, June 12th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC grew its position in Broadstone Net Lease by 42.9% during the fourth 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 in the last quarter. American Century Companies Inc. increased its stake in Broadstone Net Lease by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 77,865 shares of the company's stock valued at $1,250,000 after buying an additional 664 shares during the period. Lazard Asset Management LLC lifted its position in Broadstone Net Lease by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 89,265 shares of the company's stock worth $1,432,000 after buying an additional 768 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Broadstone Net Lease by 5.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company's stock worth $335,000 after buying an additional 944 shares in the last quarter. Finally, FJ Capital Management LLC boosted its stake in shares of Broadstone Net Lease by 8.2% during the 2nd quarter. FJ Capital Management LLC now owns 12,754 shares of the company's stock valued at $205,000 after buying an additional 965 shares during the period. Institutional investors own 89.07% of the company's stock.

Broadstone Net Lease Stock Performance

Shares of NYSE BNL opened at $20.89 on Friday. Broadstone Net Lease has a 1 year low of $16.48 and a 1 year high of $23.10. The stock's 50-day simple moving average is $21.34 and its 200-day simple moving average is $20.07. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 27.49 and a beta of 0.92.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.The firm had revenue of $122.31 million during the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, research analysts predict that Broadstone Net Lease will post 1.52 EPS for the current year.

Broadstone Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease's payout ratio is currently 153.95%.

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.

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