Broadstone Net Lease (NYSE:BNL) Releases Earnings Results, Beats Estimates By $0.20 EPS

Broadstone Net Lease (NYSE:BNL) issued its earnings results on Wednesday. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.20, Zacks reports. The business had revenue of $122.31 million for the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. Broadstone Net Lease updated its FY 2026 guidance to 1.550-1.570 EPS.

Broadstone Net Lease Stock Performance

Shares of Broadstone Net Lease stock traded down $0.67 during trading hours on Thursday, reaching $21.48. The company’s stock had a trading volume of 4,793,525 shares, compared to its average volume of 2,178,968. The company has a market capitalization of $4.11 billion, a P/E ratio of 33.04 and a beta of 0.94. The stock’s fifty day simple moving average is $21.22 and its two-hundred day simple moving average is $19.94. Broadstone Net Lease has a one year low of $16.05 and a one year high of $23.10.

Broadstone Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is 180.00%.

Hedge Funds Weigh In On Broadstone Net Lease

Large investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC increased its holdings in Broadstone Net Lease by 42.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after purchasing an additional 600 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Broadstone Net Lease during the third quarter valued at approximately $61,000. EverSource Wealth Advisors LLC grew its holdings in Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after buying an additional 1,906 shares in the last quarter. State of Wyoming purchased a new stake in Broadstone Net Lease in the 4th quarter valued at $134,000. Finally, FJ Capital Management LLC raised its position in Broadstone Net Lease by 8.2% in the 2nd quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock valued at $205,000 after buying an additional 965 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. BTIG Research upped their price objective on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, June 26th. Cantor Fitzgerald raised their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. KeyCorp raised their target price on Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Truist Financial set a $22.00 target price on Broadstone Net Lease in a research report on Monday, June 8th. Finally, Citigroup downgraded Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.00.

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.