NYSE:BNL Broadstone Net Lease (BNL) Stock Forecast, Price & News $14.28 -0.37 (-2.53%) (As of 09/26/2023 ET) Add Compare Share Share Today's Range$14.08▼$14.5250-Day Range$14.28▼$17.0452-Week Range$14.08▼$18.54Volume1.37 million shsAverage Volume972,591 shsMarket Capitalization$2.67 billionP/E Ratio16.05Dividend Yield7.84%Price Target$19.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Broadstone Net Lease MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside37.7% Upside$19.67 Price TargetShort InterestHealthy1.50% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.75Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth2.90%From $1.38 to $1.42 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.83 out of 5 starsFinance Sector165th out of 832 stocksReal Estate Investment Trusts Industry31st out of 178 stocks 3.2 Analyst's Opinion Consensus RatingBroadstone Net Lease has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.67, Broadstone Net Lease has a forecasted upside of 37.7% from its current price of $14.28.Amount of Analyst CoverageBroadstone Net Lease has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.50% of the float of Broadstone Net Lease has been sold short.Short Interest Ratio / Days to CoverBroadstone Net Lease has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Broadstone Net Lease has recently decreased by 18.32%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipBroadstone Net Lease is a leading dividend payer. It pays a dividend yield of 7.54%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthBroadstone Net Lease has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Broadstone Net Lease is 125.84%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Broadstone Net Lease will have a dividend payout ratio of 78.87% in the coming year. This indicates that Broadstone Net Lease may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BNL. Previous Next 2.6 News and Social Media Coverage News SentimentBroadstone Net Lease has a news sentiment score of 0.75. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Broadstone Net Lease this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for BNL on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat Follows4 people have added Broadstone Net Lease to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Broadstone Net Lease insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.84% of the stock of Broadstone Net Lease is held by insiders.Percentage Held by Institutions77.42% 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. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Broadstone Net Lease are expected to grow by 2.90% in the coming year, from $1.38 to $1.42 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Broadstone Net Lease is 16.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Broadstone Net Lease is 16.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 86.11.Price to Book Value per Share RatioBroadstone Net Lease has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Broadstone Net Lease (NYSE:BNL) StockBNL 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 June 30, 2023, BNL's diversified portfolio consisted of 801 individual net leased commercial properties with 794 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.Read More BNL Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BNL Stock News HeadlinesSeptember 24, 2023 | americanbankingnews.comBroadstone Net Lease (NYSE:BNL) Hits New 12-Month Low at $14.92September 23, 2023 | americanbankingnews.comJMP Securities Begins Coverage on Broadstone Net Lease (NYSE:BNL)September 27, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.September 21, 2023 | seekingalpha.comBroadstone Net Lease: A Spread Worth ConsideringSeptember 21, 2023 | markets.businessinsider.comBroadstone Net Lease (BNL) Initiated with a Hold at JMP SecuritiesAugust 30, 2023 | msn.com7% Yield And Undervalued - What To Make Of Broadstone Net Lease?August 29, 2023 | msn.comBroadstone Net Lease: Over 20% Upside Potential With 7% Yielding DividendAugust 12, 2023 | finance.yahoo.comRising Rates Are a Problem, but This 6.8% Yielder Is Making the Best of ItSeptember 27, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.August 6, 2023 | seekingalpha.comBroadstone Net Lease, Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 3, 2023 | finance.yahoo.comBroadstone Net Lease, Inc. (BNL) Matches Q2 FFO EstimatesAugust 3, 2023 | finance.yahoo.comREITs Are Looking Up; Here Are 2 to ConsiderJuly 30, 2023 | finance.yahoo.comBroadstone Net Lease (NYSE:BNL) shareholders have endured a 22% loss from investing in the stock a year agoJuly 27, 2023 | fool.comBroadstone Net Lease (NYSE: BNL)July 24, 2023 | msn.comReplace Realty Income With Broadstone Net LeaseJuly 24, 2023 | seekingalpha.comBroadstone Net Lease: Safe, High Yield From This Diversified REITJuly 18, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: Broadstone Net Lease (BNL) and Bridge Investment Group (BRDG)July 10, 2023 | finance.yahoo.comBroadstone Net Lease, Inc. Schedules Second Quarter 2023 Earnings Release and Conference CallJune 28, 2023 | msn.comBroadstone Net Lease: Enjoy A High Dividend YieldJune 5, 2023 | msn.comBroadstone Net Lease invests $60.1M in Q2, sells four properties for $69.4MMay 29, 2023 | finance.yahoo.comBroadstone Net Lease, Inc.'s (NYSE:BNL) recent 3.6% pullback adds to one-year year losses, institutional owners may take drastic measuresMay 15, 2023 | seekingalpha.comBroadstone Net Lease: Good On All Levels, But UnprovenMay 8, 2023 | seekingalpha.comBroadstone Net Lease: Bag This Generous 7% Yield Before It RecoversMay 3, 2023 | finance.yahoo.comBroadstone Net Lease, Inc. (BNL) Misses Q1 FFO EstimatesMay 3, 2023 | finance.yahoo.comBroadstone Net Lease Announces First Quarter 2023 ResultsApril 27, 2023 | finance.yahoo.comCamden (CPT) Q1 FFO Miss EstimatesApril 13, 2023 | seekingalpha.comBroadstone Net Lease: Best Value Amongst Diversified Net Lease REITsSee More Headlines Receive BNL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Broadstone Net Lease and its competitors with MarketBeat's FREE daily newsletter. Email Address BNL Company Calendar Last Earnings5/03/2022Ex-Dividend for 7/14 Dividend6/29/2023Dividend Payable7/14/2023Today9/27/2023Ex-Dividend for 10/13 Dividend9/28/2023Dividend Payable10/13/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:BNL CUSIPN/A CIK1424182 Webwww.broadstone.com Phone585-287-6500Fax585-625-3680Employees73Year FoundedN/APrice Target and Rating Average Stock Price Forecast$19.67 High Stock Price Forecast$22.00 Low Stock Price Forecast$18.00 Forecasted Upside/Downside+37.7%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.89 Trailing P/E Ratio16.05 Forward P/E Ratio10.35 P/E GrowthN/ANet Income$122.11 million Net Margins36.30% Pretax Margin38.57% Return on Equity5.05% Return on Assets3.01% Debt Debt-to-Equity RatioN/A Current Ratio0.09 Quick Ratio0.09 Sales & Book Value Annual Sales$407.51 million Price / Sales6.56 Cash Flow$1.42 per share Price / Cash Flow10.03 Book Value$17.53 per share Price / Book0.81Miscellaneous Outstanding Shares187,270,000Free Float185,699,000Market Cap$2.67 billion OptionableNot Optionable Beta1.07 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. John D. Moragne (Age 40)CEO & Director Comp: $1.2MMr. Ryan M. Albano CPA (Age 41)Pres & COO Comp: $1.2MMr. John D. Callan Jr. (Age 38)Sr. VP, Gen. Counsel & Sec. Comp: $505.52kMr. Christopher J. Czarnecki (Age 42)Advisor Comp: $1.91MMr. Roderick A. Pickney (Age 45)Sr. VP of Acquisitions Comp: $627.87kMr. Kevin M. Fennell (Age 36)Exec. VP & CFO Mr. Timothy D. Dieffenbacher (Age 35)Sr. VP, Chief Accounting Officer & Treasurer Ms. Molly Kelly Wiegel (Age 51)Sr. VP of HR & Admin. Mr. Michael B. Caruso (Age 28)Sr. VP of Corp. Strategy & Investor Relations Mr. Laurier James Lessard Jr. (Age 55)Sr. VP of Asset Management More ExecutivesKey CompetitorsCOPT Defense PropertiesNYSE:CDPDigitalBridge GroupNYSE:DBRGLXP Industrial TrustNYSE:LXPArbor Realty TrustNYSE:ABRSITE CentersNYSE:SITCView All CompetitorsInsiders & InstitutionsBarclays PLCSold 45,390 shares on 9/21/2023Ownership: 0.071%Virginia Retirement Systems ET ALBought 255,400 shares on 8/22/2023Ownership: 0.136%California State Teachers Retirement SystemBought 10,831 shares on 8/21/2023Ownership: 0.121%Nuveen Asset Management LLCSold 553,322 shares on 8/16/2023Ownership: 0.968%Lazard Asset Management LLCBought 1,961 shares on 8/15/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions BNL Stock - Frequently Asked Questions Should I buy or sell Broadstone Net Lease stock right now? 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. View BNL analyst ratings or view top-rated stocks. What is Broadstone Net Lease's stock price forecast for 2023? 3 Wall Street research analysts have issued twelve-month price objectives for Broadstone Net Lease's stock. Their BNL share price forecasts range from $18.00 to $22.00. On average, they anticipate the company's stock price to reach $19.67 in the next year. This suggests a possible upside of 37.7% 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 beginning of the year. Since then, BNL stock has decreased by 11.9% and is now trading at $14.28. View the best growth stocks for 2023 here. Are investors shorting Broadstone Net Lease? Broadstone Net Lease saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,630,000 shares, a decline of 18.3% from the August 15th total of 3,220,000 shares. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.5% of the company's shares 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, November 1st 2023. View our BNL earnings forecast. How were Broadstone Net Lease's earnings last quarter? Broadstone Net Lease, Inc. (NYSE:BNL) announced its quarterly earnings data 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 net margin of 36.30% and a trailing twelve-month return on equity of 5.05%. During the same quarter last year, the company 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 Thursday, July 27th. Stockholders 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 dividend yield of 7.84%. The ex-dividend date of this dividend is Thursday, September 28th. Read our dividend analysis for BNL. What ETFs hold Broadstone Net Lease's stock? 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). 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 7.54%. 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. What guidance has Broadstone Net Lease issued on next quarter's earnings? 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 -. What other stocks do shareholders of Broadstone Net Lease own? 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). 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 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. What is Broadstone Net Lease's stock symbol? Broadstone Net Lease trades on the New York Stock Exchange (NYSE) under the ticker symbol "BNL." Who are Broadstone Net Lease's major shareholders? Broadstone Net Lease's stock is owned by many different institutional and retail investors. Top institutional shareholders 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. 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. What is Broadstone Net Lease's stock price today? One share of BNL stock can currently be purchased for approximately $14.28. How much money does Broadstone Net Lease make? Broadstone Net Lease (NYSE:BNL) has a market capitalization of $2.67 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. How can I contact Broadstone Net Lease? 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. This page (NYSE:BNL) was last updated on 9/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Broadstone Net Lease, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.