Broadstone Net Lease (NYSE:BNL) Sees Strong Trading Volume – Here’s Why

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) saw unusually-high trading volume on Friday . Approximately 1,731,216 shares changed hands during trading, a decline of 20% from the previous session’s volume of 2,161,917 shares.The stock last traded at $20.7150 and had previously closed at $21.16.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. BMO Capital Markets boosted their price target on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Truist Financial set a $22.00 target price on Broadstone Net Lease in a research note on Monday, June 8th. The Goldman Sachs Group boosted their target price on Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Saturday, August 1st. BTIG Research increased their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, KeyCorp raised their price target on Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.78.

Broadstone Net Lease Stock Down 1.3%

The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 27.49 and a beta of 0.92. The company’s 50 day moving average is $21.34 and its 200 day moving average is $20.07.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $122.31 million during the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, analysts expect that Broadstone Net Lease, Inc. will post 1.52 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.17 annualized dividend and a yield of 5.6%. Broadstone Net Lease’s payout ratio is currently 153.95%.

Institutional Trading of Broadstone Net Lease

A number of institutional investors have recently modified their holdings of the stock. 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 purchasing an additional 600 shares during the period. American Century Companies Inc. lifted its position in Broadstone Net Lease by 0.9% during the second quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock worth $1,250,000 after purchasing an additional 664 shares during the period. Lazard Asset Management LLC grew its stake 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 worth $1,432,000 after buying an additional 768 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Broadstone Net Lease by 5.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company’s stock worth $335,000 after buying an additional 944 shares in the last quarter. Finally, FJ Capital Management LLC increased its holdings 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 period. 89.07% of the stock is currently owned by institutional investors.

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.