Broadstone Net Lease (NYSE:BNL) Stock Rating Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Broadstone Net Lease (NYSE:BNL) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

A number of other equities analysts have also issued reports on the stock. Weiss Ratings lowered shares of Broadstone Net Lease from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Cantor Fitzgerald dropped their price target on shares of Broadstone Net Lease from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday. Truist Financial upgraded shares of Broadstone Net Lease from a “hold” rating to a “buy” rating and dropped their price target for the stock from $22.00 to $21.00 in a research report on Thursday, October 1st. The Goldman Sachs Group upped their price target on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Saturday, August 1st. Finally, KeyCorp reiterated an “overweight” rating on shares of Broadstone Net Lease in a report on Tuesday, September 15th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.33.

Broadstone Net Lease Stock Performance

NYSE:BNL opened at $17.12 on Friday. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 22.53 and a beta of 0.91. Broadstone Net Lease has a 1 year low of $16.70 and a 1 year high of $23.10. The business has a fifty day moving average of $19.14 and a 200-day moving average of $19.85.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Broadstone Net Lease had a net margin of 30.26% and a return on equity of 4.86%. The company had revenue of $121.87 million for the quarter, compared to the consensus estimate of $122.19 million. On average, equities research analysts predict that Broadstone Net Lease will post 1.51 EPS for the current year.

Broadstone Net Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be issued a $0.2950 dividend. This represents a $1.18 annualized dividend and a dividend yield of 6.9%. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.2925. The ex-dividend date is Thursday, December 31st. Broadstone Net Lease’s payout ratio is currently 153.95%.

Insiders Place Their Bets

In other news, Director Richard Imperiale bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of $21.22 per share, with a total value of $106,100.00. Following the completion of the purchase, the director directly owned 26,250 shares of the company’s stock, valued at $557,025. This represents a 23.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Broadstone Net Lease

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Signature Equity Partners LLC boosted its stake in shares of Broadstone Net Lease by 3,743.4% during the 3rd quarter. Signature Equity Partners LLC now owns 2,037 shares of the company’s stock worth $38,000 after acquiring an additional 1,984 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of Broadstone Net Lease in the 3rd quarter worth $1,075,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Broadstone Net Lease by 192.8% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 184,834 shares of the company’s stock worth $3,419,000 after acquiring an additional 121,700 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Broadstone Net Lease by 3.7% during the third quarter. D.A. Davidson & CO. now owns 158,808 shares of the company’s stock worth $2,938,000 after purchasing an additional 5,640 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of Broadstone Net Lease by 6.2% during the third quarter. Asset Management One Co. Ltd. now owns 380,868 shares of the company’s stock worth $7,046,000 after purchasing an additional 22,363 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Key Stories Impacting Broadstone Net Lease

Here are the key news stories impacting Broadstone Net Lease this week:

• Positive Sentiment: Broadstone Net Lease reported third-quarter funds from operations of $0.39 per share, matching the consensus estimate and increasing from $0.37 a year earlier. The in-line result provided some earnings relief for investors. Broadstone Net Lease Q3 FFO Meet Estimates
• Positive Sentiment: BNL raised its fiscal 2026 EPS guidance to $1.55-$1.57, above the prior consensus estimate of $1.51. The outlook suggests management expects earnings to outperform current analyst expectations. Broadstone Net Lease Stock Gains on Q3 Earnings Relief
• Positive Sentiment: The company declared a quarterly dividend of $0.295 per share, up 0.9% from the previous payment. The annualized $1.18 payout represents an indicated yield of roughly 7%, which may appeal to income-focused investors. Broadstone Net Lease Declares Quarterly Dividend
• Neutral Sentiment: Cantor Fitzgerald maintained an “overweight” rating but lowered its price target from $24 to $21. The revised target still implies substantial upside from recent trading levels, but the reduction signals more cautious near-term expectations. Cantor Fitzgerald Broadstone Net Lease Rating
• Negative Sentiment: The lower analyst target may weigh on sentiment, particularly after BNL’s recent decline and continued trading below its 50-day and 200-day moving averages.

About Broadstone Net Lease

Broadstone Net Lease, Inc (NYSE: BNL) is a real estate investment trust (REIT) that owns and manages a diversified portfolio of primarily single-tenant commercial properties. The company generally leases its properties under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Broadstone’s portfolio includes properties used by healthcare providers, industrial and manufacturing companies, office-based businesses, restaurants and retail operators.