Broadstone Net Lease, Inc. (NYSE:BNL – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $20.64 and last traded at $20.63, with a volume of 2161519 shares. The stock had previously closed at $20.40.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. UBS Group increased their price target on Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Cantor Fitzgerald increased their price target on Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.33.
Get Our Latest Analysis on BNL
Broadstone Net Lease Trading Up 1.1%
Broadstone Net Lease (NYSE:BNL – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The company had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, research analysts predict that Broadstone Net Lease, Inc. will post 1.51 EPS for the current year.
Broadstone Net Lease Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 180.00%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of BNL. Invesco Ltd. raised its position in Broadstone Net Lease by 391.1% during the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock worth $79,302,000 after purchasing an additional 3,635,809 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Broadstone Net Lease by 213.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock worth $69,579,000 after purchasing an additional 2,951,207 shares during the last quarter. Norges Bank bought a new position in Broadstone Net Lease during the 4th quarter worth $41,471,000. Hudson Bay Capital Management LP bought a new position in Broadstone Net Lease during the 3rd quarter worth $37,998,000. Finally, New England Private Wealth Advisors LLC bought a new position in Broadstone Net Lease during the 4th quarter worth $27,426,000. 89.07% of the stock is owned by institutional investors.
Broadstone Net Lease Company Profile
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.
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