Broadstone Net Lease, Inc. (NYSE:BNL) Sees Significant Growth in Short Interest

Key Points

• Short interest surged 73.3% to 20.1 million shares as of August 14, representing 10.6% of Broadstone Net Lease’s outstanding stock and a short-interest ratio of 7.3 days.
• Broadstone reported quarterly EPS of $0.21, exceeding estimates by $0.02, while revenue of $122.31 million also topped expectations. The company set fiscal 2026 EPS guidance at $1.55–$1.57.
• The REIT declared a quarterly dividend of $0.2925 per share, equivalent to an annualized $1.17 payout and a 5.6% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $22.78.

Broadstone Net Lease, Inc. (NYSE:BNL - Get Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 20,057,438 shares, a growth of 73.3% from the July 30th total of 11,574,138 shares. Currently, 10.6% of the company's stock are sold short. Based on an average daily volume of 2,755,487 shares, the short-interest ratio is currently 7.3 days.

Broadstone Net Lease Price Performance

Shares of BNL traded down $0.17 during mid-day trading on Monday, hitting $20.93. The stock had a trading volume of 135,003 shares, compared to its average volume of 2,180,160. The firm has a market cap of $4.02 billion, a P/E ratio of 27.51 and a beta of 0.92. The business has a fifty day moving average price of $21.49 and a 200-day moving average price of $20.34. Broadstone Net Lease has a 52 week low of $17.16 and a 52 week high of $23.10.

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

Broadstone Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Wednesday, September 30th. Broadstone Net Lease's dividend payout ratio (DPR) is currently 153.95%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Broadstone Net Lease

Several large investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC lifted its position in 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 purchasing an additional 600 shares during the last quarter. American Century Companies Inc. increased 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 buying an additional 664 shares during the last quarter. Lazard Asset Management LLC increased 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 buying an additional 768 shares during the last quarter. Rockefeller Capital Management L.P. raised 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 valued at $335,000 after buying an additional 944 shares in the last quarter. Finally, FJ Capital Management LLC raised 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 valued at $205,000 after buying an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BNL shares. BMO Capital Markets raised 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. Citizens Jmp lowered shares of Broadstone Net Lease from an "outperform" rating to a "market perform" rating in a research note on Friday, June 12th. Truist Financial set a $22.00 target price on shares of Broadstone Net Lease in a research note on Monday, June 8th. The Goldman Sachs Group increased their target price on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the company a "buy" rating in a report on Saturday, August 1st. Finally, Cantor Fitzgerald raised their price target on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Broadstone Net Lease presently has an average rating of "Moderate Buy" and a consensus target price of $22.78.

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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