Broadstone Net Lease, Inc. (NYSE:BNL – Get Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $20.75 and last traded at $20.7420, with a volume of 264 shares changing hands. The stock had previously closed at $20.58.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Cantor Fitzgerald upped their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, UBS Group boosted 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. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.33.
Read Our Latest Research Report on Broadstone Net Lease
Broadstone Net Lease Trading Up 0.7%
Broadstone Net Lease (NYSE:BNL – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. The firm had revenue of $121.40 million for the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, equities research analysts anticipate that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current fiscal year.
Broadstone Net Lease Announces Dividend
The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a yield of 5.6%. Broadstone Net Lease’s dividend payout ratio is currently 180.00%.
Hedge Funds Weigh In On Broadstone Net Lease
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC increased its position in shares of Broadstone Net Lease by 42.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after purchasing an additional 600 shares during the period. American Century Companies Inc. lifted its position in Broadstone Net Lease by 0.9% during the second quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock worth $1,250,000 after purchasing an additional 664 shares during the period. Alps Advisors Inc. lifted its position in Broadstone Net Lease by 4.7% during the third quarter. Alps Advisors Inc. now owns 16,574 shares of the company’s stock worth $296,000 after purchasing an additional 737 shares during the period. Lazard Asset Management LLC grew its stake in Broadstone Net Lease by 0.9% during the second quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock worth $1,432,000 after buying an additional 768 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Broadstone Net Lease by 1.4% during the third quarter. Arizona State Retirement System now owns 55,951 shares of the company’s stock worth $1,000,000 after buying an additional 779 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.
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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