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

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) reached a new 52-week high on Wednesday . The stock traded as high as $20.64 and last traded at $20.63, with a volume of 2161519 shares. The stock had previously closed at $20.40.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BNL shares. Cantor Fitzgerald boosted 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. UBS Group upped their target price on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Finally, Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.33.

Broadstone Net Lease Price Performance

The business has a 50-day simple moving average of $19.65 and a 200 day simple moving average of $18.82. The firm has a market cap of $3.89 billion, a PE ratio of 31.30 and a beta of 0.96.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. The company had revenue of $121.40 million during the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio is currently 180.00%.

Institutional Trading of Broadstone Net Lease

Several institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in shares of Broadstone Net Lease by 8.7% during the first quarter. Bank of America Corp DE now owns 2,231,816 shares of the company’s stock worth $40,775,000 after purchasing an additional 178,546 shares in the last quarter. Anson Funds Management LP grew its position in shares of Broadstone Net Lease by 50.0% during the first quarter. Anson Funds Management LP now owns 120,000 shares of the company’s stock worth $2,192,000 after purchasing an additional 40,000 shares in the last quarter. Amundi grew its position in shares of Broadstone Net Lease by 4.3% during the first quarter. Amundi now owns 89,997 shares of the company’s stock worth $1,644,000 after purchasing an additional 3,682 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Broadstone Net Lease by 33.8% during the first quarter. EverSource Wealth Advisors LLC now owns 7,075 shares of the company’s stock worth $129,000 after purchasing an additional 1,788 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in shares of Broadstone Net Lease by 30.2% during the first 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 in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

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.