Broadstone Net Lease (NYSE:BNL) Given New $21.00 Price Target at Cantor Fitzgerald

Broadstone Net Lease (NYSE:BNL) had its price target trimmed by Cantor Fitzgerald from $24.00 to $21.00 in a report published on Friday, Marketbeat Ratings reports. The firm currently has an overweight rating on the stock.

BNL has been the subject of a number of other reports. Weiss Ratings cut Broadstone Net Lease from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. BMO Capital Markets boosted their price target on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. KeyCorp reiterated an “overweight” rating on shares of Broadstone Net Lease in a research note on Tuesday, September 15th. The Goldman Sachs Group increased their price target on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Saturday, August 1st. Finally, Truist Financial raised shares of Broadstone Net Lease from a “hold” rating to a “buy” rating and lowered their price objective for the company from $22.00 to $21.00 in a research note on Thursday, October 1st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.33.

Broadstone Net Lease Stock Down 1.6%

BNL opened at $17.12 on Friday. Broadstone Net Lease has a 52 week low of $16.70 and a 52 week high of $23.10. The business has a fifty day simple moving average of $19.14 and a 200-day simple moving average of $19.85. The firm has a market cap of $3.29 billion, a P/E ratio of 22.53 and a beta of 0.91.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data 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). The firm had revenue of $121.87 million during the quarter, compared to analysts’ expectations of $122.19 million. Broadstone Net Lease had a net margin of 30.26% and a return on equity of 4.86%. Sell-side analysts expect that Broadstone Net Lease will post 1.51 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.2950 per share. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.2925. This represents a $1.18 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, December 31st. Broadstone Net Lease’s dividend payout ratio is currently 153.95%.

Insider Activity

In related news, Director Richard Imperiale acquired 5,000 shares of Broadstone Net Lease stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $21.22 per share, for a total transaction of $106,100.00. Following the completion of the purchase, the director owned 26,250 shares in the company, valued at approximately $557,025. The trade was a 23.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LP acquired a new position in Broadstone Net Lease during the 2nd quarter worth approximately $2,049,000. California State Teachers Retirement System increased its position in shares of Broadstone Net Lease by 30.2% in the 1st quarter. California State Teachers Retirement System now owns 236,627 shares of the company’s stock valued at $4,323,000 after purchasing an additional 54,892 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Broadstone Net Lease by 164.8% in the 1st quarter. Quantinno Capital Management LP now owns 91,618 shares of the company’s stock valued at $1,674,000 after purchasing an additional 57,021 shares in the last quarter. Amundi raised its holdings in shares of Broadstone Net Lease by 1,115.8% in the 2nd quarter. Amundi now owns 1,094,174 shares of the company’s stock valued at $22,617,000 after purchasing an additional 1,004,177 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Broadstone Net Lease in the 2nd quarter valued at $32,978,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease News Roundup

Here are the key news stories impacting Broadstone Net Lease this week:

• Positive Sentiment: Broadstone Net Lease reported third-quarter funds from operations of $0.39 per share, matching the consensus estimate and increasing from $0.37 a year earlier. The in-line result provided some earnings relief for investors. Broadstone Net Lease Q3 FFO Meet Estimates
• Positive Sentiment: BNL raised its fiscal 2026 EPS guidance to $1.55-$1.57, above the prior consensus estimate of $1.51. The outlook suggests management expects earnings to outperform current analyst expectations. Broadstone Net Lease Stock Gains on Q3 Earnings Relief
• Positive Sentiment: The company declared a quarterly dividend of $0.295 per share, up 0.9% from the previous payment. The annualized $1.18 payout represents an indicated yield of roughly 7%, which may appeal to income-focused investors. Broadstone Net Lease Declares Quarterly Dividend
• Neutral Sentiment: Cantor Fitzgerald maintained an “overweight” rating but lowered its price target from $24 to $21. The revised target still implies substantial upside from recent trading levels, but the reduction signals more cautious near-term expectations. Cantor Fitzgerald Broadstone Net Lease Rating
• Negative Sentiment: The lower analyst target may weigh on sentiment, particularly after BNL’s recent decline and continued trading below its 50-day and 200-day moving averages.

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.