Broadstone Net Lease (NYSE:BNL) Hits New 52-Week High - Here's Why

Key Points

• New 52-week high: Broadstone Net Lease reached $20.16 on Thursday with about 2.19M shares traded, and Wall Street consensus is a "Moderate Buy" with an average target of $20.22 after several recent upgrades and price-target raises.
• Dividend yield but high payout ratio: The company raised its quarterly dividend to $0.2925 (annualized $1.17) for a ~5.8% yield, while the dividend payout ratio stands at an elevated 234%.
• Mixed earnings picture: Broadstone missed quarterly EPS estimates ($0.17 vs. $0.37) but slightly beat revenue expectations and set FY2026 guidance of $1.530–1.57 EPS versus analyst forecasts near $1.43 for the current year.

Broadstone Net Lease, Inc. (NYSE:BNL - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.16 and last traded at $20.1370, with a volume of 2189909 shares. The stock had previously closed at $20.09.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. 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. UBS Group increased their target price on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday, March 9th. Morgan Stanley increased their target price on Broadstone Net Lease from $18.00 to $19.00 and gave the stock a "positive" rating in a report on Monday, December 29th. Wall Street Zen upgraded Broadstone Net Lease from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. Finally, Cantor Fitzgerald increased their price objective on Broadstone Net Lease from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Tuesday, February 24th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.22.

Broadstone Net Lease Price Performance

The firm has a market cap of $3.85 billion, a P/E ratio of 40.27 and a beta of 0.99. The business's 50-day moving average is $19.18 and its two-hundred day moving average is $18.46.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.20). The business had revenue of $118.30 million during the quarter, compared to the consensus estimate of $116.35 million. Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Equities research analysts predict that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.2925 dividend. This is a positive change from Broadstone Net Lease's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Tuesday, March 31st. Broadstone Net Lease's dividend payout ratio is 234.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake 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 buying an additional 37,830 shares in the last quarter. AQR Capital Management LLC grew its stake 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 buying an additional 8,848 shares in the last quarter. Millennium Management LLC grew its position in shares of Broadstone Net Lease by 2.3% in the 1st 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 grew its position in shares of Broadstone Net Lease by 5.8% in the 1st 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 grew its position in shares of Broadstone Net Lease by 292.3% in the 1st 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. 89.07% of the stock is currently owned by institutional investors.

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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