Broadstone Net Lease (NYSE:BNL) Updates FY 2025 Earnings Guidance

Key Points

• Broadstone Net Lease updated its FY 2025 earnings guidance, projecting EPS between 1.480-1.50, below the consensus estimate of 1.514.
• Despite a recent dividend payment, the company's stock is down 1.3% and is currently priced at $15.89.
• Analyst ratings for BNL are mixed, with a current average rating of "Hold" and a target price of $18.57, reflecting varying opinions from multiple research firms.

Broadstone Net Lease (NYSE:BNL - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.480-1.50 for the period, compared to the consensus EPS estimate of 1.514. The company issued revenue guidance of -.

Broadstone Net Lease Price Performance

BNL stock remained flat at $16.24 during midday trading on Friday. The company had a trading volume of 1,611,193 shares, compared to its average volume of 1,281,443. The stock has a market capitalization of $3.07 billion, a P/E ratio of 31.23 and a beta of 1.00. The company's fifty day simple moving average is $16.06 and its 200 day simple moving average is $16.10. Broadstone Net Lease has a fifty-two week low of $13.96 and a fifty-two week high of $19.15.

Broadstone Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.16 annualized dividend and a yield of 7.1%. Broadstone Net Lease's payout ratio is presently 223.08%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BNL. Truist Financial boosted their target price on Broadstone Net Lease from $17.00 to $18.00 and gave the stock a "hold" rating in a research note on Monday, May 5th. UBS Group lowered their price objective on Broadstone Net Lease from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. JMP Securities reaffirmed a "market outperform" rating and issued a $21.00 price objective on shares of Broadstone Net Lease in a research note on Monday, June 2nd. Wolfe Research raised Broadstone Net Lease from a "peer perform" rating to an "outperform" rating and set a $19.00 price objective for the company in a research note on Monday, July 28th. Finally, Wall Street Zen raised Broadstone Net Lease from a "sell" rating to a "hold" rating in a research note on Sunday. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.57.

Hedge Funds Weigh In On Broadstone Net Lease

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

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.