Broadstone Net Lease, Inc. (NYSE:BNL) Stock Has Consensus Target Price of $22.67 According to Analysts

Key Points

• Analysts rate Broadstone Net Lease “Moderate Buy”: Eight of 11 analysts recommend buying the stock, while three advise holding it. The average 12-month price target is $22.67, with several firms recently raising targets to between $23 and $26.
• BNL shares opened at $17.22, near their 52-week low of $17.13 and below the 50-day and 200-day moving averages. The company has a market capitalization of approximately $3.3 billion and a P/E ratio of 22.65.
• Quarterly results exceeded expectations: Broadstone reported adjusted EPS of $0.21 versus the $0.19 analyst consensus and revenue of $122.31 million versus estimates of $121.63 million. Institutional investors own 89.07% of the stock, while a company director recently purchased 5,000 shares.

Broadstone Net Lease, Inc. (NYSE:BNL - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.67.

Several equities analysts have commented on the stock. The Goldman Sachs Group boosted 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. KeyCorp reiterated an "overweight" rating on shares of Broadstone Net Lease in a research note on Tuesday, September 15th. BMO Capital Markets increased their price objective on Broadstone Net Lease from $24.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, July 10th. BTIG Research lifted their target price on Broadstone Net Lease from $21.00 to $23.00 and gave the company a "buy" rating in a report on Friday, June 26th. Finally, Cantor Fitzgerald boosted their target price on Broadstone Net Lease from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st.

Insider Transactions at Broadstone Net Lease

In related news, Director Richard Imperiale acquired 5,000 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was acquired at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the purchase, the director owned 26,250 shares of the company's stock, valued at $557,025. This represents a 23.53% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Broadstone Net Lease in the 2nd quarter valued at $712,332,000. Dimensional Fund Advisors LP increased its holdings in shares of Broadstone Net Lease by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,696,795 shares of the company's stock valued at $49,273,000 after acquiring an additional 103,091 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Broadstone Net Lease by 8.7% in the 1st quarter. Bank of America Corp DE now owns 2,231,816 shares of the company's stock valued at $40,775,000 after acquiring an additional 178,546 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Broadstone Net Lease by 7.8% in the 2nd quarter. Alyeska Investment Group L.P. now owns 2,050,198 shares of the company's stock valued at $42,378,000 after acquiring an additional 148,533 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Broadstone Net Lease during the 2nd quarter worth about $39,745,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Broadstone Net Lease Stock Performance

Shares of BNL stock opened at $17.22 on Thursday. Broadstone Net Lease has a fifty-two week low of $17.13 and a fifty-two week high of $23.10. The company has a 50 day moving average price of $19.68 and a 200 day moving average price of $20.36. The stock has a market capitalization of $3.30 billion, a P/E ratio of 22.65 and a beta of 0.91.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. The company had revenue of $122.31 million for the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, research analysts forecast that Broadstone Net Lease will post 1.51 EPS for the current fiscal year.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc NYSE: BNL is a real estate investment trust (REIT) that owns and manages a diversified portfolio of primarily single-tenant commercial properties. The company generally leases its properties under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Broadstone's portfolio includes properties used by healthcare providers, industrial and manufacturing companies, office-based businesses, restaurants and retail operators.

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