Cantor Fitzgerald Raises Broadstone Net Lease (NYSE:BNL) Price Target to $21.00

Broadstone Net Lease (NYSE:BNL) had its price objective upped by analysts at Cantor Fitzgerald from $20.00 to $21.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 10.35% from the stock’s previous close.

BNL has been the subject of several other reports. BTIG Research dropped their price objective on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, December 5th. BMO Capital Markets reissued an “outperform” rating on shares of Broadstone Net Lease in a research note on Thursday, December 4th. Morgan Stanley boosted their target price on Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Truist Financial upped their target price on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, November 25th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.90.

Broadstone Net Lease Trading Up 0.3%

Shares of BNL stock opened at $19.03 on Tuesday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 38.03 and a beta of 1.00. Broadstone Net Lease has a 1-year low of $13.96 and a 1-year high of $19.91. The stock’s fifty day simple moving average is $18.36 and its 200-day simple moving average is $18.17.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.20). Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.The firm had revenue of $118.30 million for the quarter, compared to the consensus estimate of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, sell-side analysts predict that Broadstone Net Lease will post 1.43 EPS for the current year.

Institutional Investors Weigh In On Broadstone Net Lease

Large investors have recently modified their holdings of the company. State Street Corp grew its stake in Broadstone Net Lease by 2.2% during the second quarter. State Street Corp now owns 8,388,518 shares of the company’s stock worth $136,998,000 after purchasing an additional 178,186 shares during the period. Geode Capital Management LLC grew its position in shares of Broadstone Net Lease by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 5,104,154 shares of the company’s stock worth $81,929,000 after buying an additional 76,531 shares during the period. Centersquare Investment Management LLC increased its stake in shares of Broadstone Net Lease by 3.0% in the 3rd quarter. Centersquare Investment Management LLC now owns 5,052,587 shares of the company’s stock valued at $90,290,000 after acquiring an additional 146,402 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Broadstone Net Lease by 2.7% during the second quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock worth $76,896,000 after acquiring an additional 124,589 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Broadstone Net Lease by 391.1% in the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after buying an additional 3,635,809 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

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.