Broadstone Net Lease (NYSE:BNL) Hits New 52-Week High – Should You Buy?

Broadstone Net Lease, Inc. (NYSE:BNL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.49 and last traded at $20.4250, with a volume of 784801 shares traded. The stock had previously closed at $20.43.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BNL shares. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Cantor Fitzgerald raised their price target on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, UBS Group raised their price target on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.33.

Broadstone Net Lease Trading Down 0.1%

The firm has a market capitalization of $3.91 billion, a PE ratio of 31.41 and a beta of 0.96. The firm has a 50-day moving average of $19.51 and a two-hundred day moving average of $18.71.

Broadstone Net Lease (NYSE:BNL) last issued its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $121.40 million for the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Equities research analysts expect that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.2925 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.17 annualized dividend and a yield of 5.7%. Broadstone Net Lease’s dividend payout ratio is currently 180.00%.

Institutional Investors Weigh In On Broadstone Net Lease

Large investors have recently made changes to their positions in the business. Strategic Advocates LLC acquired a new stake in shares of Broadstone Net Lease in the third quarter worth $30,000. CIBC Private Wealth Group LLC increased its position in shares of Broadstone Net Lease by 42.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after acquiring an additional 600 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Broadstone Net Lease in the third quarter worth $61,000. EverSource Wealth Advisors LLC raised its holdings in shares of Broadstone Net Lease by 80.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after buying an additional 1,906 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Broadstone Net Lease by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after acquiring an additional 1,385 shares in the last quarter. Institutional investors and hedge funds 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.