NYSE:BNL

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

$14.57
+0.07 (+0.48%)
(As of 04/22/2024 ET)
Today's Range
$14.43
$14.64
50-Day Range
$14.29
$15.81
52-Week Range
$13.68
$17.59
Volume
801,555 shs
Average Volume
1.28 million shs
Market Capitalization
$2.73 billion
P/E Ratio
17.77
Dividend Yield
7.82%
Price Target
$16.75

Broadstone Net Lease MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
15.0% Upside
$16.75 Price Target
Short Interest
Healthy
1.85% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$205,220 Bought Last Quarter
Proj. Earnings Growth
4.35%
From $1.38 to $1.44 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.22 out of 5 stars

Finance Sector

466th out of 852 stocks

Real Estate Investment Trusts Industry

101st out of 180 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

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Broadstone Net Lease Is A Bargain At 7.4% Yield
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The Analyst Landscape: 4 Takes On Broadstone Net Lease
7 Dividend Stocks to Buy to Secure Steady Income
Q4 2023 Broadstone Net Lease Inc Earnings Call
Broadstone Net Lease, Inc. (BNL) Meets Q4 FFO Estimates
What Wall Street expects from Broadstone Net Lease's earnings
See More Headlines
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Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/22/2024
Next Earnings (Confirmed)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Employees
74
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.75
High Stock Price Target
$19.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+14.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$155.48 million
Pretax Margin
37.05%

Debt

Sales & Book Value

Annual Sales
$442.89 million
Cash Flow
$1.68 per share
Book Value
$17.03 per share

Miscellaneous

Free Float
186,187,000
Market Cap
$2.75 billion
Optionable
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?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadstone Net Lease in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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?

5 brokerages have issued 1-year price targets for Broadstone Net Lease's stock. Their BNL share price targets range from $14.00 to $19.00. On average, they expect the company's share price to reach $16.75 in the next year. This suggests a possible upside of 15.0% 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 2024?

Broadstone Net Lease's stock was trading at $17.22 on January 1st, 2024. Since then, BNL shares have decreased by 15.4% and is now trading at $14.57.
View the best growth stocks for 2024 here
.

Are investors shorting Broadstone Net Lease?

Broadstone Net Lease saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,440,000 shares, an increase of 10.3% from the March 15th total of 3,120,000 shares. Based on an average daily volume of 1,320,000 shares, the short-interest ratio is presently 2.6 days. Approximately 1.9% 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, May 1st 2024.
View our BNL earnings forecast
.

How can I listen to Broadstone Net Lease's earnings call?

Broadstone Net Lease will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Broadstone Net Lease's earnings last quarter?

Broadstone Net Lease, Inc. (NYSE:BNL) released its earnings results on Tuesday, May, 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Broadstone Net Lease had a trailing twelve-month return on equity of 4.80% and a net margin of 35.10%. During the same quarter in the previous year, the firm earned $0.31 EPS.

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

Broadstone Net Lease announced a quarterly dividend on Wednesday, February 21st. Shareholders of record on Friday, March 29th will be given a dividend of $0.285 per share on Monday, April 15th. This represents a $1.14 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for BNL
.

Is Broadstone Net Lease a good dividend stock?

Broadstone Net Lease (NYSE:BNL) pays an annual dividend of $1.14 per share and currently has a dividend yield of 7.86%. 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 139.03%. 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 79.17% 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 guidance has Broadstone Net Lease issued on next quarter's earnings?

Broadstone Net Lease updated its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of 1.410-1.410 for the period, compared to the consensus estimate of 1.550. The company issued revenue guidance of -.

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

Broadstone Net Lease (BNL) raised $603 million in an initial public offering on Thursday, September 17th 2020. The company issued 33,500,000 shares at a price of $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.

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 shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.63%), Wealth Enhancement Advisory Services LLC (0.20%), BTC Capital Management Inc. (0.09%), Pensionfund DSM Netherlands (0.08%), Perpetual Ltd (0.04%) and Pensionfund Sabic (0.04%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BNL) was last updated on 4/22/2024 by MarketBeat.com Staff

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