Broadstone Net Lease, Inc. (NYSE:BNL) Stock Has Consensus Target Price of $22.78 According to Brokerages

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $22.78.

A number of equities analysts have commented on BNL shares. Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a research note on Monday, June 8th. Citizens Jmp downgraded shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. The Goldman Sachs Group lifted their price target on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Broadstone Net Lease in a report on Friday, July 31st.

Insider Activity at Broadstone Net Lease

In other Broadstone Net Lease news, Director Richard Imperiale purchased 5,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of $21.22 per share, for a total transaction of $106,100.00. Following the acquisition, the director owned 26,250 shares in the company, valued at $557,025. This trade represents a 23.53% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.02% of the stock is currently owned by company insiders.

Institutional Trading of Broadstone Net Lease

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP purchased a new position in Broadstone Net Lease during the second quarter worth about $34,000. Global Retirement Partners LLC purchased a new stake in shares of Broadstone Net Lease in the 2nd quarter valued at approximately $74,000. Nykredit A S purchased a new stake in shares of Broadstone Net Lease in the 2nd quarter valued at approximately $91,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Broadstone Net Lease by 33.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,075 shares of the company’s stock worth $129,000 after acquiring an additional 1,788 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Broadstone Net Lease by 38.1% in the 1st quarter. KBC Group NV now owns 7,352 shares of the company’s stock worth $134,000 after acquiring an additional 2,028 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Broadstone Net Lease Stock Up 0.0%

Shares of BNL opened at $18.84 on Friday. Broadstone Net Lease has a 52-week low of $17.16 and a 52-week high of $23.10. The stock has a fifty day simple moving average of $20.77 and a two-hundred day simple moving average of $20.44. The company has a market capitalization of $3.62 billion, a PE ratio of 24.80 and a beta of 0.91.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. The firm had revenue of $122.31 million for the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, equities analysts anticipate that Broadstone Net Lease will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.2925 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a yield of 6.2%. Broadstone Net Lease’s payout ratio is currently 153.95%.

Broadstone Net Lease Company Profile

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 leases these properties to businesses under long-term, net lease agreements, in which tenants generally assume responsibility for property taxes, insurance and maintenance.

Broadstone’s portfolio is diversified across industries and includes properties used for healthcare, industrial, office, retail, restaurant and other business purposes.