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S&P 500   4,550.43
DOW   35,333.47
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Is Microsoft the NVIDIA Killer? 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Give up the OPEC fight with these 3 stocks, Buffett-certified
AI revolution: 3 stocks set to soar as technology evolves
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Teva Pharma is the way to play the re-rise of generic drugs
3 reasons a squeeze could be in Paramount's coming attractions
Important info on NVDA trade (Ad)
Americans Ditched Big Cities During the Pandemic. Now Many Are Regretting It.
BellRing Brands gets pumped on the Ozempic weight-loss trend
S&P 500   4,550.43
DOW   35,333.47
QQQ   389.17
Is Microsoft the NVIDIA Killer? 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Give up the OPEC fight with these 3 stocks, Buffett-certified
AI revolution: 3 stocks set to soar as technology evolves
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Teva Pharma is the way to play the re-rise of generic drugs
3 reasons a squeeze could be in Paramount's coming attractions
Important info on NVDA trade (Ad)
Americans Ditched Big Cities During the Pandemic. Now Many Are Regretting It.
BellRing Brands gets pumped on the Ozempic weight-loss trend
S&P 500   4,550.43
DOW   35,333.47
QQQ   389.17
Is Microsoft the NVIDIA Killer? 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Give up the OPEC fight with these 3 stocks, Buffett-certified
AI revolution: 3 stocks set to soar as technology evolves
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Teva Pharma is the way to play the re-rise of generic drugs
3 reasons a squeeze could be in Paramount's coming attractions
Important info on NVDA trade (Ad)
Americans Ditched Big Cities During the Pandemic. Now Many Are Regretting It.
BellRing Brands gets pumped on the Ozempic weight-loss trend

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

$15.86
-0.02 (-0.13%)
(As of 11/27/2023 ET)
Compare
Today's Range
$15.72
$16.01
50-Day Range
$13.78
$15.97
52-Week Range
$13.68
$18.54
Volume
1.22 million shs
Average Volume
1.15 million shs
Market Capitalization
$2.97 billion
P/E Ratio
16.03
Dividend Yield
7.06%
Price Target
$17.67

Broadstone Net Lease MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
11.4% Upside
$17.67 Price Target
Short Interest
Healthy
1.80% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-1.00mentions of Broadstone Net Lease in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.17%
From $1.38 to $1.41 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Finance Sector

568th out of 844 stocks

Real Estate Investment Trusts Industry

120th out of 181 stocks


BNL stock logo

About Broadstone Net Lease Stock (NYSE:BNL)

BNL is an industrial-focused, diversified net lease REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of September 30, 2023, BNL's diversified portfolio consisted of 800 individual net leased commercial properties with 793 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, healthcare, restaurant, retail, and office property types.

BNL Stock Price History

BNL Stock News Headlines

Important info on NVDA trade
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Important info on NVDA trade
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Broadstone Net Lease declares $0.285 dividend
Broadstone Net Lease Announces Third Quarter 2023 Results
Broadstone Net Lease: A Spread Worth Considering
Broadstone Net Lease (BNL) Initiated with a Hold at JMP Securities
REITs Are Looking Up; Here Are 2 to Consider
Broadstone Net Lease (NYSE: BNL)
See More Headlines
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Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 10/13 Dividend
9/28/2023
Dividend Payable
10/13/2023
Today
11/28/2023
Ex-Dividend for 1/12 Dividend
12/28/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/12/2024
Next Earnings (Estimated)
2/28/2024

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Employees
73
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.67
High Stock Price Target
$19.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+13.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
4 Analysts

Profitability

Net Income
$122.11 million
Pretax Margin
43.20%

Debt

Sales & Book Value

Annual Sales
$407.51 million
Cash Flow
$1.48 per share
Book Value
$17.53 per share

Miscellaneous

Free Float
185,684,000
Market Cap
$2.97 billion
Optionable
Not Optionable
Beta
1.09
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BNL Stock Analysis - Frequently Asked Questions

Should I buy or sell Broadstone Net Lease stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadstone Net Lease in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BNL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BNL, but not buy additional shares or sell existing shares.
View BNL analyst ratings
or view top-rated stocks.

What is Broadstone Net Lease's stock price target for 2024?

4 equities research analysts have issued 1-year price objectives for Broadstone Net Lease's stock. Their BNL share price targets range from $17.00 to $19.00. On average, they predict the company's stock price to reach $17.67 in the next year. This suggests a possible upside of 11.4% from the stock's current price.
View analysts price targets for BNL
or view top-rated stocks among Wall Street analysts.

How have BNL shares performed in 2023?

Broadstone Net Lease's stock was trading at $16.21 at the start of the year. Since then, BNL stock has decreased by 2.1% and is now trading at $15.8650.
View the best growth stocks for 2023 here
.

Are investors shorting Broadstone Net Lease?

Broadstone Net Lease saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 3,160,000 shares, an increase of 15.8% from the October 15th total of 2,730,000 shares. Based on an average daily trading volume, of 996,600 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.8% of the shares of the stock are short sold.
View Broadstone Net Lease's Short Interest
.

When is Broadstone Net Lease's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our BNL earnings forecast
.

How were Broadstone Net Lease's earnings last quarter?

Broadstone Net Lease, Inc. (NYSE:BNL) announced its quarterly earnings results on Tuesday, May, 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. Broadstone Net Lease had a trailing twelve-month return on equity of 5.64% and a net margin of 40.83%. During the same quarter last year, the firm earned $0.31 earnings per share.

How often does Broadstone Net Lease pay dividends? What is the dividend yield for Broadstone Net Lease?

Broadstone Net Lease declared a quarterly dividend on Thursday, October 26th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.285 per share on Friday, January 12th. This represents a $1.14 annualized dividend and a dividend yield of 7.19%. The ex-dividend date is Thursday, December 28th. This is an increase from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for BNL
.

Is Broadstone Net Lease a good dividend stock?

Broadstone Net Lease (NYSE:BNL) pays an annual dividend of $1.12 per share and currently has a dividend yield of 7.05%. BNL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 113.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BNL will have a dividend payout ratio of 79.43% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BNL.

What other stocks do shareholders of Broadstone Net Lease own?
When did Broadstone Net Lease IPO?

(BNL) raised $603 million in an initial public offering 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 served as the underwriters for the IPO and Regions Securities, BTIG, KeyBanc Capital Markets and Ramirez were co-managers.

Who are Broadstone Net Lease's major shareholders?

Broadstone Net Lease's stock is owned by a number of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (7.72%), Massachusetts Financial Services Co. MA (2.68%), Charles Schwab Investment Management Inc. (1.40%), Northern Trust Corp (1.15%), New England Private Wealth Advisors LLC (1.10%) and Aew Capital Management L P (1.10%). Insiders that own company stock include John David Moragne, Kevin Fennell, Laurier J Lessard Jr, Michael A Coke, Michael B Caruso, Molly Wiegel, Roderick Pickney and Ryan M Albano.
View institutional ownership trends
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:BNL) was last updated on 11/28/2023 by MarketBeat.com Staff

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