Broadstone Net Lease, Inc. (NYSE:BNL) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Consensus "Moderate Buy": Eleven analysts cover Broadstone Net Lease with nine buy and two hold ratings, and the average 1‑year price target is $20.22.
• Dividend and payout risk: the company raised its quarterly dividend to $0.2925 (annualized $1.17), implying a 5.9% yield, but the dividend payout ratio is very high at 234%.
• Mixed fundamentals: Broadstone reported quarterly EPS of $0.17 (missing estimates of $0.37) while revenue beat, and it set FY2026 guidance of 1.53–1.57 EPS versus analysts' forecast of 1.51.

Broadstone Net Lease, Inc. (NYSE:BNL - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $20.2222.

A number of brokerages recently commented on BNL. Wall Street Zen upgraded shares of Broadstone Net Lease from a "sell" rating to a "hold" rating in a research note on Saturday, January 17th. Cantor Fitzgerald boosted their target price on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Tuesday, February 24th. Weiss Ratings raised shares of Broadstone Net Lease from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, April 6th. Finally, UBS Group boosted their target price on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday, March 9th.

Broadstone Net Lease Stock Performance

Shares of BNL opened at $19.90 on Thursday. Broadstone Net Lease has a 52 week low of $15.28 and a 52 week high of $20.48. The firm has a market cap of $3.81 billion, a P/E ratio of 39.81 and a beta of 0.99. The firm's 50-day simple moving average is $19.29 and its 200 day simple moving average is $18.58.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.20). Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. The company had revenue of $118.30 million during the quarter, compared to analyst estimates of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. As a group, equities analysts forecast that Broadstone Net Lease will post 1.51 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.2925 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This is a boost from Broadstone Net Lease's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.9%. Broadstone Net Lease's dividend payout ratio (DPR) is presently 234.00%.

Institutional Investors Weigh In On Broadstone Net Lease

A number of institutional investors have recently modified their holdings of BNL. Royal Bank of Canada boosted its position in shares of Broadstone Net Lease by 69.9% in the first quarter. Royal Bank of Canada now owns 91,943 shares of the company's stock valued at $1,566,000 after acquiring an additional 37,830 shares during the period. AQR Capital Management LLC boosted its position in shares of Broadstone Net Lease by 52.8% in the first quarter. AQR Capital Management LLC now owns 25,599 shares of the company's stock valued at $436,000 after acquiring an additional 8,848 shares during the period. Millennium Management LLC boosted its position in shares of Broadstone Net Lease by 2.3% in the first quarter. Millennium Management LLC now owns 1,147,372 shares of the company's stock valued at $19,551,000 after acquiring an additional 25,944 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Broadstone Net Lease by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,283,889 shares of the company's stock valued at $21,877,000 after acquiring an additional 70,534 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Broadstone Net Lease by 292.3% in the first quarter. Jane Street Group LLC now owns 553,738 shares of the company's stock valued at $9,436,000 after acquiring an additional 412,604 shares during the period. Institutional investors own 89.07% of the company's stock.

Broadstone Net Lease Company Profile

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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