Broadstone Net Lease (NYSE:BNL) Price Target Raised to $20.00

Broadstone Net Lease (NYSE:BNL) had its target price increased by equities research analysts at UBS Group from $19.00 to $20.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 3.90% from the stock’s previous close.

BNL has been the subject of a number of other research reports. Cantor Fitzgerald boosted their price objective on Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. BMO Capital Markets reissued an “outperform” rating on shares of Broadstone Net Lease in a research note on Thursday, December 4th. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Citizens Jmp reissued a “market outperform” rating and set a $21.00 price target on shares of Broadstone Net Lease in a research report on Tuesday, December 2nd. Finally, BTIG Research decreased their price target on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, December 5th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.20.

Broadstone Net Lease Price Performance

Shares of BNL traded up $0.10 during midday trading on Monday, hitting $19.25. The stock had a trading volume of 1,428,143 shares, compared to its average volume of 1,817,100. The stock’s 50 day moving average is $18.67 and its 200 day moving average is $18.32. Broadstone Net Lease has a 1 year low of $13.96 and a 1 year high of $19.91. The firm has a market cap of $3.68 billion, a PE ratio of 38.50 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last issued its earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share 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%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. As a group, equities research analysts expect that Broadstone Net Lease will post 1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Broadstone Net Lease

Several institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC bought a new stake in shares of Broadstone Net Lease in the 3rd quarter worth about $1,895,000. Principal Financial Group Inc. increased its position in shares of Broadstone Net Lease by 11.0% during the third quarter. Principal Financial Group Inc. now owns 548,917 shares of the company’s stock worth $9,809,000 after acquiring an additional 54,582 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Broadstone Net Lease by 14.6% during the second quarter. Franklin Resources Inc. now owns 649,748 shares of the company’s stock worth $10,428,000 after purchasing an additional 82,779 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Broadstone Net Lease by 39.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 471,426 shares of the company’s stock worth $8,750,000 after purchasing an additional 134,004 shares during the last quarter. Finally, Columbus Macro LLC raised its position in Broadstone Net Lease by 13.0% during the third quarter. Columbus Macro LLC now owns 614,998 shares of the company’s stock worth $10,990,000 after acquiring an additional 70,823 shares in the last quarter. 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.