Broadstone Net Lease (NYSE:BNL) Sets New 1-Year High - Time to Buy?

Key Points

• 52-week high: Broadstone Net Lease hit a new one-year high of $19.92 and has seen analyst sentiment improve to an average rating of "Moderate Buy" with an average price target of $20.22 (nine Buys, two Holds).
• Mixed quarterly results: The company missed EPS at $0.17 versus $0.37 expected but beat revenue at $118.3M, and issued FY2026 guidance of 1.53–1.57 EPS versus a sell‑side average of about 1.43.
• Dividend boost but high payout ratio: Broadstone raised its quarterly dividend to $0.2925 (annual $1.17) for a 5.9% yield, though the dividend payout ratio is roughly 234%, which may raise sustainability concerns.

Broadstone Net Lease, Inc. (NYSE:BNL - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $19.92 and last traded at $19.9050, with a volume of 2068480 shares changing hands. The stock had previously closed at $19.74.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. UBS Group boosted their target price 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. Cantor Fitzgerald lifted 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. Wall Street Zen upgraded Broadstone Net Lease from a "sell" rating to a "hold" rating in a research note on Saturday, January 17th. Weiss Ratings raised Broadstone Net Lease from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. Finally, Morgan Stanley raised their target price on Broadstone Net Lease from $18.00 to $19.00 and gave the company a "positive" rating in a research report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.22.

Broadstone Net Lease Stock Up 0.8%

The stock's 50-day moving average price is $19.07 and its 200 day moving average price is $18.40. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 39.81 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $116.35 million. Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, sell-side analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

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

Hedge Funds Weigh In On Broadstone Net Lease

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BNL. CIBC Private Wealth Group LLC raised its holdings in Broadstone Net Lease by 42.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company's stock valued at $35,000 after buying an additional 600 shares during the period. American Century Companies Inc. increased its position in shares of Broadstone Net Lease by 0.9% during the second quarter. American Century Companies Inc. now owns 77,865 shares of the company's stock valued at $1,250,000 after acquiring an additional 664 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Broadstone Net Lease by 4.7% during the third quarter. Alps Advisors Inc. now owns 16,574 shares of the company's stock valued at $296,000 after acquiring an additional 737 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Broadstone Net Lease by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 89,265 shares of the company's stock valued at $1,432,000 after acquiring an additional 768 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Broadstone Net Lease by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 55,951 shares of the company's stock valued at $1,000,000 after acquiring an additional 779 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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