Broadstone Net Lease, Inc. (NYSE:BNL) Sees Significant Growth in Short Interest

Broadstone Net Lease, Inc. (NYSE:BNL) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 20,057,438 shares, an increase of 73.3% from the July 30th total of 11,574,138 shares. Currently, 10.6% of the shares of the stock are short sold. Based on an average daily volume of 2,755,487 shares, the days-to-cover ratio is currently 7.3 days.

Analysts Set New Price Targets

A number of brokerages have issued reports on BNL. Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a report on Monday, June 8th. Citizens Jmp lowered Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. BMO Capital Markets lifted their target price on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. The Goldman Sachs Group boosted their target price on Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Saturday, August 1st. Finally, Cantor Fitzgerald raised their price target on Broadstone Net Lease from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.78.

Broadstone Net Lease Stock Performance

BNL stock traded up $0.04 during trading on Tuesday, hitting $20.90. 441,205 shares of the company’s stock traded hands, compared to its average volume of 2,179,315. Broadstone Net Lease has a 52 week low of $17.16 and a 52 week high of $23.10. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 27.49 and a beta of 0.92. The business has a fifty day simple moving average of $21.49 and a 200 day simple moving average of $20.34.

Broadstone Net Lease (NYSE:BNL) last announced its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $122.31 million for the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Research analysts forecast that Broadstone Net Lease will post 1.53 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.2925 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.6%. Broadstone Net Lease’s payout ratio is 153.95%.

Insiders Place Their Bets

In other Broadstone Net Lease news, Director Richard P. Imperiale bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the completion of the transaction, the director owned 26,250 shares of the company’s stock, valued at $557,025. This trade represents a 23.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Institutional Trading of Broadstone Net Lease

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its position in Broadstone Net Lease by 30.2% in the 1st quarter. California State Teachers Retirement System now owns 236,627 shares of the company’s stock worth $4,323,000 after purchasing an additional 54,892 shares during the period. Indivisible Partners purchased a new stake in shares of Broadstone Net Lease in the fourth quarter worth approximately $1,465,000. Quantinno Capital Management LP lifted its stake in shares of Broadstone Net Lease by 164.8% during the 1st quarter. Quantinno Capital Management LP now owns 91,618 shares of the company’s stock worth $1,674,000 after acquiring an additional 57,021 shares during the last quarter. LSV Asset Management lifted its stake in shares of Broadstone Net Lease by 60.9% during the 4th quarter. LSV Asset Management now owns 2,156,500 shares of the company’s stock worth $37,458,000 after acquiring an additional 816,100 shares during the last quarter. Finally, TritonPoint Partners LLC purchased a new position in Broadstone Net Lease during the 4th quarter valued at $1,595,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

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.