Broadstone Net Lease (NYSE:BNL) Price Target Raised to $21.00 at Cantor Fitzgerald

Broadstone Net Lease (NYSE:BNL) had its price target upped by investment analysts at Cantor Fitzgerald from $20.00 to $21.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 10.35% from the stock’s current price.

Several other equities analysts have also recently issued reports on BNL. Morgan Stanley upped their target price on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a research note on Monday, December 29th. Citizens Jmp restated a “market outperform” rating and set a $21.00 price objective on shares of Broadstone Net Lease in a research report on Tuesday, December 2nd. BTIG Research cut their price objective on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, December 5th. Wall Street Zen upgraded Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Truist Financial raised their price target on Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, November 25th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.90.

Broadstone Net Lease Stock Up 0.3%

Shares of BNL opened at $19.03 on Tuesday. The business’s 50-day moving average price is $18.36 and its 200-day moving average price is $18.17. The stock has a market cap of $3.60 billion, a PE ratio of 38.03 and a beta of 1.00. Broadstone Net Lease has a twelve month low of $13.96 and a twelve month high of $19.91.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.20). Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. The company had revenue of $118.30 million for the quarter, compared to analysts’ expectations of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Analysts expect that Broadstone Net Lease will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Broadstone Net Lease

Large investors have recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of Broadstone Net Lease by 391.1% during the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock worth $79,302,000 after purchasing an additional 3,635,809 shares during the period. Balyasny Asset Management L.P. grew its position in shares of Broadstone Net Lease by 213.2% in the second quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock valued at $69,579,000 after purchasing an additional 2,951,207 shares during the last quarter. Norges Bank purchased a new position in shares of Broadstone Net Lease during the 2nd quarter worth approximately $39,554,000. Hudson Bay Capital Management LP acquired a new position in shares of Broadstone Net Lease during the 3rd quarter worth approximately $37,998,000. Finally, Boston Partners lifted its stake in Broadstone Net Lease by 339.0% in the 2nd quarter. Boston Partners now owns 2,079,251 shares of the company’s stock valued at $33,372,000 after buying an additional 1,605,603 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

About Broadstone Net Lease

Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.

Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.