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

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadstone Net Lease in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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3 analysts have issued 12 month target prices for Broadstone Net Lease's shares. Their BNL share price forecasts range from $18.00 to $22.00. On average, they expect the company's stock price to reach $19.67 in the next twelve months. This suggests a possible upside of 36.6% 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 11.2% and is now trading at $14.40.
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Broadstone Net Lease saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,830,000 shares, an increase of 7.6% from the August 31st total of 2,630,000 shares. Based on an average trading volume of 1,040,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.6% of the company's shares are sold short.
View Broadstone Net Lease's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our BNL earnings forecast.

Broadstone Net Lease, Inc. (NYSE:BNL) posted its quarterly earnings data on Tuesday, May, 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. Broadstone Net Lease had a trailing twelve-month return on equity of 5.05% and a net margin of 36.30%. During the same period last year, the company posted $0.31 earnings per share.

Broadstone Net Lease announced a quarterly dividend on Thursday, July 27th. Investors of record on Friday, September 29th will be paid a dividend of $0.28 per share on Friday, October 13th. This represents a $1.12 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend is Thursday, September 28th.
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).

Broadstone Net Lease (NYSE:BNL) pays an annual dividend of $1.12 per share and currently has a dividend yield of 7.65%. BNL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 125.84%. 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 78.87% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BNL.

Broadstone Net Lease issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $1.40-$1.42 for the period, compared to the consensus EPS estimate of $1.55. The company issued revenue guidance of -.

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 IPO 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.

Broadstone Net Lease trades on the New York Stock Exchange (NYSE) under the ticker symbol "BNL."

Broadstone Net Lease's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.51%), Principal Financial Group Inc. (7.43%), State Street Corp (4.72%), United Capital Financial Advisers LLC (3.20%), Centersquare Investment Management LLC (3.19%) and Alliancebernstein L.P. (3.13%). 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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One share of BNL stock can currently be purchased for approximately $14.40.

Broadstone Net Lease (NYSE:BNL) has a market capitalization of $2.70 billion and generates $407.51 million in revenue each year. The company earns $122.11 million in net income (profit) each year or $0.89 on an earnings per share basis.

The official website for the company is www.broadstone.com. The company can be reached via phone at 585-287-6500, via email at investorrelations@broadstone.com, or via fax at 585-625-3680.