Broadstone Net Lease (BNL) Stock Price, News & Analysis

Company Overview

Broadstone Net Lease (NYSE: BNL) is a publicly traded real estate investment trust (REIT) that acquires and manages a diversified portfolio of single-tenant, net-lease commercial properties across the United States. Established in 2014 through a strategic partnership with Broadstone Real Estate LLC and Kennedy Wilson, the company focuses on acquiring retail, industrial, office and specialty facilities subject to long-term, triple-net leases. This structure provides Broadstone Net Lease with predictable contractual rental income and minimal property-level expenses.

The company’s investment strategy emphasizes diversification by tenant, industry and geography. Its portfolio comprises grocery-anchored shopping centers, medical and professional office buildings, distribution warehouses and strategically located specialty assets. Broadstone Net Lease targets creditworthy tenants and deploys rigorous underwriting standards to balance yield and risk, seeking to deliver stable income and potential capital appreciation over time.

Geographically, Broadstone Net Lease holds properties in more than 30 states, with a particular focus on high-growth Sun Belt and major metropolitan markets. Key regions include California, Texas, Florida and the Southeast, where population and employment trends support tenant demand. This nationwide footprint enables the REIT to capitalize on regional economic cycles and tenant industry shifts while maintaining a broadly diversified asset base.

The company is externally managed by Broadstone Real Estate LLC, whose leadership team brings decades of experience in real estate investment, asset management and net-lease strategies. Broadstone Net Lease’s board and executive officers combine institutional real estate expertise with specialized market knowledge, guiding acquisition sourcing, lease negotiations and portfolio optimization. Through disciplined capital allocation and proactive asset management, the REIT aims to enhance long-term unit holder value within the net-lease sector.

Key Stats

• Today's Range: $16.17 to $16.37
• 50-Day Range: $15.42 to $16.58
• 52-Week Range: $13.96 to $19.15
• Volume: 731,260 shs
• Average Volume: 1.29 million shs
• Market Capitalization: $3.09 billion
• P/E Ratio: 26.79
• Dividend Yield: 7.10%
• Price Target: $18.67
• Consensus Rating: Moderate Buy

Broadstone Net Lease Stock Analysis - MarketRank™

Broadstone Net Lease scored higher than 69% of companies evaluated by MarketBeat, and ranked 1405th out of 2,763 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Broadstone Net Lease has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 3 buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Broadstone Net Lease has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 1.40%

Earnings Growth

Earnings for Broadstone Net Lease are expected to grow by 1.40% in the coming year, from $1.43 to $1.45 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Broadstone Net Lease is 26.79, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Broadstone Net Lease is 26.79, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 20.06.

Price to Book Value per Share Ratio

Broadstone Net Lease has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.73% of the float of Broadstone Net Lease has been sold short.

Short Interest Ratio / Days to Cover

Broadstone Net Lease has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Broadstone Net Lease has recently decreased by 8.42%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Broadstone Net Lease is a leading dividend payer. It pays a dividend yield of 7.16%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Broadstone Net Lease has only been increasing its dividend for 4 years.

Dividend Coverage

The dividend payout ratio of Broadstone Net Lease is 190.16%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Broadstone Net Lease will have a dividend payout ratio of 80.00% in the coming year. This indicates that Broadstone Net Lease may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.73% of the float of Broadstone Net Lease has been sold short.

Short Interest Ratio / Days to Cover

Broadstone Net Lease has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Broadstone Net Lease has recently decreased by 8.42%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.04

News Sentiment

Broadstone Net Lease has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Broadstone Net Lease this week, compared to 6 articles on an average week.

Search Interest

Only 2 people have searched for BNL on MarketBeat in the last 30 days. This is a decrease of -88% compared to the previous 30 days.

MarketBeat Follows

2 people have added Broadstone Net Lease to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Broadstone Net Lease insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.62% of the stock of Broadstone Net Lease is held by insiders.

Percentage Held by Institutions

89.07% of the stock of Broadstone Net Lease is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BNL Stock Analysis - Frequently Asked Questions

How have BNL shares performed this year?

Broadstone Net Lease's stock was trading at $15.86 at the beginning of the year. Since then, BNL shares have increased by 3.0% and is now trading at $16.34.

How were Broadstone Net Lease's earnings last quarter?

Broadstone Net Lease, Inc. (NYSE:BNL) announced its quarterly earnings data on Wednesday, February, 19th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.16. The firm had revenue of $112.13 million for the quarter, compared to analyst estimates of $109.80 million. Broadstone Net Lease had a net margin of 26.22% and a trailing twelve-month return on equity of 3.63%.
Read the conference call transcript.

When did Broadstone Net Lease IPO?

Broadstone Net Lease (BNL) raised $603 million in an initial public offering (IPO) on Thursday, September 17th 2020. The company issued 33,500,000 shares at $17.00-$19.00 per share. J.P. Morgan, Goldman Sachs, BMO Capital Markets, Morgan Stanley, Capital One Securities and Truist Securities acted as the underwriters for the IPO and Regions Securities, BTIG, KeyBanc Capital Markets and Ramirez were co-managers.

How do I buy shares of Broadstone Net Lease?

Shares of BNL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Broadstone Net Lease own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Broadstone Net Lease investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), AU Optronics (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 2/19/2025
• Record date for 4/15 Dividend: 3/31/2025
• Ex-Dividend for 4/15 Dividend: 3/31/2025
• Dividend Payable: 4/15/2025
• Record date for 7/15 Dividend: 6/30/2025
• Ex-Dividend for 7/15 Dividend: 6/30/2025
• Today: 7/04/2025
• Dividend Payable: 7/15/2025
• Next Earnings (Estimated): 7/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - RESID
• Sub-Industry: Trading
• Current Symbol: NYSE:BNL
• CIK: 1424182
• Web: www.broadstone.com
• Phone: 585-287-6500
• Fax: 585-625-3680
• Employees: 70
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $18.67
• High Stock Price Target: $21.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +14.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.61
• Trailing P/E Ratio: 26.79
• Forward P/E Ratio: 11.43
• P/E Growth: N/A
• Net Income: $162.44 million
• Net Margins: 26.22%
• Pretax Margin: 27.45%
• Return on Equity: 3.63%
• Return on Assets: 2.17%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.09
• Quick Ratio: 0.09

Sales & Book Value

• Annual Sales: $431.80 million
• Price / Sales: 7.16
• Cash Flow: $1.70 per share
• Price / Cash Flow: 9.61
• Book Value: $16.65 per share
• Price / Book: 0.98

Miscellaneous

• Outstanding Shares: 189,080,000
• Free Float: 187,908,000
• Market Cap: $3.09 billion
• Optionable: Optionable
• Beta: 1.00