Broadstone Net Lease, Inc. (NYSE:BNL – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $22.67.
A number of research firms have recently issued reports on BNL. Cantor Fitzgerald upped their target price on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Truist Financial raised shares of Broadstone Net Lease from a “hold” rating to a “buy” rating and decreased their price target for the stock from $22.00 to $21.00 in a research note on Thursday, October 1st. The Goldman Sachs Group boosted 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. BMO Capital Markets upped 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. Finally, KeyCorp reiterated an “overweight” rating on shares of Broadstone Net Lease in a report on Tuesday, September 15th.
Get Our Latest Stock Report on Broadstone Net Lease
Broadstone Net Lease Stock Down 0.5%
BNL opened at $17.27 on Thursday. The company has a market cap of $3.31 billion, a PE ratio of 22.72 and a beta of 0.91. Broadstone Net Lease has a twelve month low of $17.13 and a twelve month high of $23.10. The company has a 50-day moving average price of $19.46 and a 200 day moving average price of $19.87.
Broadstone Net Lease (NYSE:BNL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $122.31 million for the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, sell-side analysts expect that Broadstone Net Lease will post 1.51 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Richard Imperiale acquired 5,000 shares of Broadstone Net Lease stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the completion of the transaction, the director owned 26,250 shares in the company, valued at $557,025. This represents a 23.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.02% of the company’s stock.
Hedge Funds Weigh In On Broadstone Net Lease
A number of institutional investors have recently bought and sold shares of the company. Park Avenue Securities LLC purchased a new stake in Broadstone Net Lease in the third quarter valued at $217,000. Apollon Wealth Management LLC grew its holdings in shares of Broadstone Net Lease by 1.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 954,932 shares of the company’s stock worth $17,666,000 after purchasing an additional 12,906 shares during the period. Signaturefd LLC grew its holdings in shares of Broadstone Net Lease by 53.9% during the 3rd quarter. Signaturefd LLC now owns 11,644 shares of the company’s stock worth $215,000 after purchasing an additional 4,077 shares during the period. Inspire Investing LLC purchased a new position in shares of Broadstone Net Lease during the 3rd quarter worth $634,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Broadstone Net Lease by 14.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 47,745 shares of the company’s stock worth $883,000 after purchasing an additional 6,106 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.
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.
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