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NYSE:BNL

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

$14.91
+0.19 (+1.29%)
(As of 02/29/2024 ET)
Today's Range
$14.86
$15.03
50-Day Range
$14.56
$17.55
52-Week Range
$13.68
$18.23
Volume
1.83 million shs
Average Volume
1.14 million shs
Market Capitalization
$2.79 billion
P/E Ratio
18.18
Dividend Yield
7.65%
Price Target
$17.67

Broadstone Net Lease MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
18.5% Upside
$17.67 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.55mentions of Broadstone Net Lease in the last 14 days
Based on 20 Articles This Week
Insider Trading
Acquiring Shares
$205,220 Bought Last Quarter
Proj. Earnings Growth
2.84%
From $1.41 to $1.45 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.

3.61 out of 5 stars

Finance Sector

405th out of 875 stocks

Real Estate Investment Trusts Industry

87th 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

7 Dividend Stocks to Buy to Secure Steady Income
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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
Broadstone Net Lease (BNL) Set to Announce Earnings on Wednesday
See More Headlines
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Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 1/12 Dividend
12/28/2023
Dividend Payable
1/12/2024
Today
2/29/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
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
73
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.67
High Stock Price Target
$19.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+18.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$155.48 million
Pretax Margin
37.05%

Debt

Sales & Book Value

Annual Sales
$442.89 million
Cash Flow
$1.67 per share
Book Value
$17.06 per share

Miscellaneous

Free Float
186,096,000
Market Cap
$2.79 billion
Optionable
Optionable
Beta
1.13
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BNL Stock Analysis - Frequently Asked Questions

Should I buy or sell Broadstone Net Lease stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadstone Net Lease in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BNL shares.
View BNL analyst ratings
or view top-rated stocks.

What is Broadstone Net Lease's stock price target for 2024?

4 Wall Street analysts have issued 12 month price objectives for Broadstone Net Lease's shares. Their BNL share price targets range from $17.00 to $19.00. On average, they anticipate the company's stock price to reach $17.67 in the next twelve months. This suggests a possible upside of 18.5% 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 at the beginning of the year. Since then, BNL shares have decreased by 13.4% and is now trading at $14.91.
View the best growth stocks for 2024 here
.

Are investors shorting Broadstone Net Lease?

Broadstone Net Lease saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 2,710,000 shares, an increase of 15.8% from the January 31st total of 2,340,000 shares. Based on an average daily volume of 1,110,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.5% of the company's stock are sold short.
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 were Broadstone Net Lease's earnings last quarter?

Broadstone Net Lease, Inc. (NYSE:BNL) announced its earnings results on Tuesday, May, 3rd. The company reported $0.16 EPS for the quarter, beating 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 period in the previous year, the company earned $0.31 earnings per share.

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

Broadstone Net Lease declared a quarterly dividend on Wednesday, February 21st. Stockholders 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 annualized dividend and a yield of 7.65%. 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 7.65%. 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 78.62% 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 EPS guidance of 1.410-1.410 for the period, compared to the consensus EPS 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?

(BNL) raised $603 million in an initial public offering (IPO) 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 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 investors include Vanguard Group Inc. (14.84%), Principal Financial Group Inc. (7.96%), Massachusetts Financial Services Co. MA (2.71%), Cohen & Steers Inc. (2.00%), Centersquare Investment Management LLC (2.00%) and Cbre Investment Management Listed Real Assets LLC (1.53%). 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 2/29/2024 by MarketBeat.com Staff