Brokerages Set Broadstone Net Lease, Inc. (NYSE:BNL) Price Target at $20.10

Broadstone Net Lease, Inc. (NYSE:BNL) has been given an average rating of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $20.10.

Several equities analysts recently issued reports on BNL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Broadstone Net Lease in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Sunday, November 30th. Truist Financial increased their price target on Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, November 25th. Citizens Jmp reaffirmed a “market outperform” rating and set a $21.00 price target on shares of Broadstone Net Lease in a report on Tuesday, December 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Broadstone Net Lease in a research report on Thursday, December 4th.

Hedge Funds Weigh In On Broadstone Net Lease

Hedge funds have recently added to or reduced their stakes in the stock. Evermay Wealth Management LLC raised its holdings in shares of Broadstone Net Lease by 1.4% in the second quarter. Evermay Wealth Management LLC now owns 47,560 shares of the company’s stock valued at $766,000 after purchasing an additional 656 shares during the last quarter. American Century Companies Inc. increased its position in shares of Broadstone Net Lease by 0.9% in the second quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock valued at $1,250,000 after acquiring an additional 664 shares during the last quarter. Alps Advisors Inc. raised its holdings in Broadstone Net Lease by 4.7% during the third quarter. Alps Advisors Inc. now owns 16,574 shares of the company’s stock worth $296,000 after acquiring an additional 737 shares in the last quarter. Lazard Asset Management LLC boosted its position in Broadstone Net Lease by 0.9% during the second quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock valued at $1,432,000 after purchasing an additional 768 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in Broadstone Net Lease by 1.4% in the third quarter. Arizona State Retirement System now owns 55,951 shares of the company’s stock valued at $1,000,000 after purchasing an additional 779 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Trading Up 0.1%

Shares of BNL stock opened at $17.52 on Friday. The stock has a 50 day moving average of $17.91 and a two-hundred day moving average of $17.47. The company has a market capitalization of $3.31 billion, a P/E ratio of 37.27 and a beta of 1.03. Broadstone Net Lease has a 12 month low of $13.96 and a 12 month high of $18.87.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.23). The business had revenue of $114.17 million for the quarter, compared to the consensus estimate of $111.89 million. Broadstone Net Lease had a return on equity of 2.93% and a net margin of 20.04%.Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. Sell-side analysts predict that Broadstone Net Lease will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.6%. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 246.81%.

Broadstone Net Lease Company Profile

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.