Broadstone Net Lease, Inc. (NYSE:BNL) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately bullish: Eleven analysts rate Broadstone Net Lease a consensus “Moderate Buy,” with seven buy ratings and four holds. The average 12-month price target is $22.78, above the stock’s reported $20.87 price.
• Quarterly results exceeded expectations: Broadstone Net Lease reported earnings of $0.21 per share versus the $0.19 consensus estimate, while revenue reached $122.31 million compared with expectations of $121.63 million.
• The company announced a 5.6% dividend yield: Its quarterly dividend is $0.2925 per share, or $1.17 annualized, payable October 15 to shareholders of record September 30. Institutional investors own approximately 89.07% of the stock.

Shares of Broadstone Net Lease, Inc. (NYSE:BNL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $22.7778.

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Broadstone Net Lease in a report on Friday, July 31st. Cantor Fitzgerald upped their target price on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Citizens Jmp lowered shares of Broadstone Net Lease from an "outperform" rating to a "market perform" rating in a research report on Friday, June 12th. The Goldman Sachs Group raised their price target on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the stock a "buy" rating in a research note on Saturday, August 1st. Finally, KeyCorp lifted their price objective on Broadstone Net Lease from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, July 9th.

Broadstone Net Lease Trading Up 0.0%

Shares of NYSE BNL opened at $20.87 on Wednesday. The business has a fifty day simple moving average of $21.49 and a 200 day simple moving average of $20.35. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 27.46 and a beta of 0.91. Broadstone Net Lease has a one year low of $17.16 and a one year high of $23.10.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $122.31 million during the quarter, compared to analysts' expectations of $121.63 million. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, research analysts anticipate that Broadstone Net Lease will post 1.53 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.6%. Broadstone Net Lease's dividend payout ratio is presently 153.95%.

Insider Activity at Broadstone Net Lease

In related news, Director Richard P. Imperiale purchased 5,000 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $21.22 per share, with a total value of $106,100.00. Following the purchase, the director directly owned 26,250 shares in the company, valued at $557,025. This represents a 23.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BNL. CIBC Private Wealth Group LLC lifted 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. American Century Companies Inc. grew its holdings in shares of Broadstone Net Lease by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 77,865 shares of the company's stock worth $1,250,000 after purchasing an additional 664 shares during the last quarter. Lazard Asset Management LLC grew its holdings 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 worth $1,432,000 after purchasing an additional 768 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Broadstone Net Lease by 5.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company's stock worth $335,000 after purchasing an additional 944 shares in the last quarter. Finally, FJ Capital Management LLC increased its position in shares of Broadstone Net Lease by 8.2% during the 2nd quarter. FJ Capital Management LLC now owns 12,754 shares of the company's stock worth $205,000 after purchasing an additional 965 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source