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JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
Holding NVDA? Read This Now (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
His system isolated NVIDIA - Here's His Next Buy. (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
His system isolated NVIDIA - Here's His Next Buy. (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
Holding NVDA? Read This Now (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
His system isolated NVIDIA - Here's His Next Buy. (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
His system isolated NVIDIA - Here's His Next Buy. (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
Holding NVDA? Read This Now (Ad)
2 Stocks to Benefit from the Aging Population
3 Warren Buffett Stocks that are Moving into the Buy Zone
His system isolated NVIDIA - Here's His Next Buy. (Ad)
3 Reasons Unity Software Is Ready to Rally 38%
3 Stocks That Really, Really Need the Defense Bill to Pass
His system isolated NVIDIA - Here's His Next Buy. (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Is Hanes Worth More than the Sum of Its Parts?
NYSE:BNL

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

$14.28
-0.37 (-2.53%)
(As of 09/26/2023 ET)
Compare
Today's Range
$14.08
$14.52
50-Day Range
$14.28
$17.04
52-Week Range
$14.08
$18.54
Volume
1.37 million shs
Average Volume
972,591 shs
Market Capitalization
$2.67 billion
P/E Ratio
16.05
Dividend Yield
7.84%
Price Target
$19.67

Broadstone Net Lease MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
37.7% Upside
$19.67 Price Target
Short Interest
Healthy
1.50% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.75mentions of Broadstone Net Lease in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.90%
From $1.38 to $1.42 Per Share

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 stars

Finance Sector

165th out of 832 stocks

Real Estate Investment Trusts Industry

31st out of 178 stocks


BNL stock logo

About Broadstone Net Lease (NYSE:BNL) Stock

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 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.

BNL Price History

BNL Stock News Headlines

Broadstone Net Lease (NYSE:BNL) Hits New 12-Month Low at $14.92
JMP Securities Begins Coverage on Broadstone Net Lease (NYSE:BNL)
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.
Broadstone Net Lease: A Spread Worth Considering
Broadstone Net Lease (BNL) Initiated with a Hold at JMP Securities
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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.
REITs Are Looking Up; Here Are 2 to Consider
Broadstone Net Lease (NYSE: BNL)
Camden (CPT) Q1 FFO Miss Estimates
See More Headlines
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BNL Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Today
9/27/2023
Ex-Dividend for 10/13 Dividend
9/28/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$19.67
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+37.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$122.11 million
Pretax Margin
38.57%

Debt

Sales & Book Value

Annual Sales
$407.51 million
Cash Flow
$1.42 per share
Book Value
$17.53 per share

Miscellaneous

Free Float
185,699,000
Market Cap
$2.67 billion
Optionable
Not Optionable
Beta
1.07
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Key Executives

  • Mr. John D. Moragne (Age 40)
    CEO & Director
    Comp: $1.2M
  • Mr. Ryan M. Albano CPA (Age 41)
    Pres & COO
    Comp: $1.2M
  • Mr. John D. Callan Jr. (Age 38)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $505.52k
  • Mr. Christopher J. Czarnecki (Age 42)
    Advisor
    Comp: $1.91M
  • Mr. Roderick A. PickneyMr. Roderick A. Pickney (Age 45)
    Sr. VP of Acquisitions
    Comp: $627.87k
  • Mr. 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













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
.

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?
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

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