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

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

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.

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.

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.

ETFs with the largest weight of Broadstone Net Lease (NYSE:BNL) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Global X SuperDividend REIT ETF (SRET), U.S. Diversified Real Estate ETF (PPTY), Invesco KBW Premium Yield Equity REIT ETF (KBWY) and ALPS REIT Dividend Dogs ETF (RDOG).JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Broadstone Net Lease investors own include Cross Timbers Royalty Trust (CRT), InfraCap MLP ETF (AMZA), Alliance Resource Partners (ARLP), Brigham Minerals (MNRL), Arbor Realty Trust (ABR), Advanced Emissions Solutions (ADES), Archer-Daniels-Midland (ADM), AGNC Investment (AGNC) and AMC Entertainment (AMC).

(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.

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.

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.
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