Broadstone Net Lease (NYSE:BNL) Announces FY 2026 Earnings Guidance

Broadstone Net Lease (NYSE:BNL) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 1.550-1.570 for the period, compared to the consensus earnings per share estimate of 1.510.

Broadstone Net Lease Price Performance

Shares of NYSE BNL opened at $17.41 on Friday. Broadstone Net Lease has a 1 year low of $16.70 and a 1 year high of $23.10. The firm has a 50-day moving average of $19.22 and a 200 day moving average of $19.86. The stock has a market cap of $3.34 billion, a P/E ratio of 22.90 and a beta of 0.91.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, October 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Broadstone Net Lease had a net margin of 30.26% and a return on equity of 4.85%. The business had revenue of $121.87 million for the quarter, compared to analysts’ expectations of $122.19 million. Research analysts expect that Broadstone Net Lease will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a $0.2950 dividend. This represents a $1.18 annualized dividend and a yield of 6.8%. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.2925. The ex-dividend date of this dividend is Thursday, December 31st. Broadstone Net Lease’s dividend payout ratio is presently 153.95%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BNL shares. Truist Financial upgraded Broadstone Net Lease from a “hold” rating to a “buy” rating and reduced their price target for the company from $22.00 to $21.00 in a report on Thursday, October 1st. BMO Capital Markets raised their price objective on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. KeyCorp reaffirmed an “overweight” rating on shares of Broadstone Net Lease in a report on Tuesday, September 15th. The Goldman Sachs Group upped their price target on Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a report on Saturday, August 1st. Finally, Cantor Fitzgerald lowered their price objective on shares of Broadstone Net Lease from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Insider Transactions at Broadstone Net Lease

In other news, Director Richard Imperiale purchased 5,000 shares of the business’s stock in a transaction on 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 purchase, the director directly owned 26,250 shares in the company, valued at $557,025. This trade represents a 23.53% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.02% of the company’s stock.

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 generally leases its properties under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Broadstone’s portfolio includes properties used by healthcare providers, industrial and manufacturing companies, office-based businesses, restaurants and retail operators.