Broadstone Net Lease (NYSE:BNL) Sets New 1-Year Low - What's Next?

Key Points

• Broadstone Net Lease shares hit a new 52-week low of $17.11, trading below both their 50-day and 200-day moving averages, with a market capitalization of approximately $3.30 billion.
• Despite the decline, analysts maintain a “Moderate Buy” consensus: eight recommend Buy and three recommend Hold, with an average price target of $22.67.
• The company exceeded quarterly earnings and revenue estimates, reporting $0.21 in EPS and $122.31 million in revenue; institutional investors own approximately 89.07% of the stock.

Broadstone Net Lease, Inc. (NYSE:BNL - Get Free Report) shares hit a new 52-week low on Tuesday. The stock traded as low as $17.11 and last traded at $17.1060, with a volume of 2,290,769 shares. The stock had previously closed at $17.22.

Wall Street Analyst Weigh In

BNL has been the subject of a number of research analyst reports. Truist Financial raised shares of Broadstone Net Lease from a "hold" rating to a "buy" rating and dropped their target price for the company from $22.00 to $21.00 in a report on Thursday, October 1st. The Goldman Sachs Group upped their price target on Broadstone Net Lease from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Saturday, August 1st. KeyCorp reaffirmed an "overweight" rating on shares of Broadstone Net Lease in a research note on Tuesday, September 15th. Cantor Fitzgerald lifted their price objective on Broadstone Net Lease from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, BMO Capital Markets lifted their price objective on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.67.

Broadstone Net Lease Stock Down 0.3%

The company has a market cap of $3.30 billion, a PE ratio of 22.60 and a beta of 0.91. The firm's fifty day simple moving average is $19.46 and its 200-day simple moving average is $19.87.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, beating the consensus estimate 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 business 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, analysts predict that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current year.

Insider Activity

In other Broadstone Net Lease news, Director Richard Imperiale acquired 5,000 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the completion of the acquisition, the director directly owned 26,250 shares of the company's stock, valued at $557,025. This trade represents a 23.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by company insiders.

Institutional Trading of Broadstone Net Lease

A number of hedge funds have recently added to or reduced their stakes in BNL. Asset Management One Co. Ltd. raised its stake in Broadstone Net Lease by 6.2% during the third quarter. Asset Management One Co. Ltd. now owns 380,868 shares of the company's stock worth $7,046,000 after purchasing an additional 22,363 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Broadstone Net Lease during the 3rd quarter worth $217,000. Apollon Wealth Management LLC increased its holdings in shares of Broadstone Net Lease by 1.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 954,932 shares of the company's stock worth $17,666,000 after buying an additional 12,906 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Broadstone Net Lease by 53.9% during the 3rd quarter. Signaturefd LLC now owns 11,644 shares of the company's stock worth $215,000 after buying an additional 4,077 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Broadstone Net Lease in the 3rd quarter worth $634,000. 89.07% of the stock is owned by institutional investors and hedge funds.

About Broadstone Net Lease

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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