Broadstone Net Lease, Inc. (NYSE:BNL) Short Interest Update

Key Points

• Short interest surged 60.3% in April to 11,977,474 shares (about 6.3% of shares sold short), leaving a short-interest ratio of roughly 2.0 days based on average volume.
• Broadstone missed on quarterly EPS, reporting $0.17 versus consensus $0.37, while revenue was $118.3M; the company set FY2026 guidance at 1.530–1.57 EPS (analysts expect ~1.51).
• The company raised its quarterly dividend to $0.2925 (annualized $1.17, ~5.9% yield), though the dividend payout ratio is a high 234%, which may raise sustainability concerns.

Broadstone Net Lease, Inc. (NYSE:BNL - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 11,977,474 shares, an increase of 60.3% from the March 31st total of 7,471,413 shares. Currently, 6.3% of the shares of the stock are sold short. Based on an average trading volume of 5,847,730 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BNL shares. UBS Group upped their price target on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Monday, March 9th. Wall Street Zen raised shares of Broadstone Net Lease from a "sell" rating to a "hold" rating in a research note on Saturday, January 17th. Morgan Stanley boosted their target price on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the stock a "positive" rating in a report on Monday, December 29th. Weiss Ratings upgraded shares of Broadstone Net Lease from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, April 6th. Finally, Cantor Fitzgerald boosted their target price on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Tuesday, February 24th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $20.22.

Broadstone Net Lease Trading Down 0.3%

Shares of NYSE BNL traded down $0.07 during midday trading on Monday, reaching $19.95. The company's stock had a trading volume of 1,988,727 shares, compared to its average volume of 4,002,445. The company has a 50 day moving average price of $19.28 and a 200 day moving average price of $18.55. Broadstone Net Lease has a one year low of $15.28 and a one year high of $20.48. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 39.91 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its 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 return on equity of 3.17% and a net margin of 21.25%.The business had revenue of $118.30 million during the quarter, compared to the consensus estimate of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Research analysts anticipate that Broadstone Net Lease will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.2925 per share. This is an increase 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%. The ex-dividend date was Tuesday, March 31st. Broadstone Net Lease's dividend payout ratio (DPR) is presently 234.00%.

Institutional Investors Weigh In On Broadstone Net Lease

Large investors have recently made changes to their positions in the company. Strategic Advocates LLC acquired a new stake in shares of Broadstone Net Lease during the third quarter valued at approximately $30,000. Blue Trust Inc. raised its holdings in shares of Broadstone Net Lease by 96.9% during the third quarter. Blue Trust Inc. now owns 1,790 shares of the company's stock valued at $32,000 after acquiring an additional 881 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of 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 acquiring an additional 600 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Broadstone Net Lease during the third quarter valued at approximately $61,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company's stock valued at $68,000 after acquiring an additional 1,906 shares during the period. Institutional investors and hedge funds own 89.07% of the company's stock.

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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