Broadstone Net Lease, Inc. (BNL) To Go Ex-Dividend on March 31st

Broadstone Net Lease, Inc. (NYSE:BNL) declared a quarterly dividend on Friday, February 13th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.2925 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 0.9% increase from Broadstone Net Lease’s previous quarterly dividend of $0.29.

Broadstone Net Lease has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Broadstone Net Lease has a dividend payout ratio of 151.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Broadstone Net Lease to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.17 annual dividend with an expected future payout ratio of 80.7%.

Broadstone Net Lease Trading Down 0.9%

NYSE BNL opened at $18.49 on Friday. Broadstone Net Lease has a 1 year low of $13.96 and a 1 year high of $19.91. The company has a market cap of $3.54 billion, a PE ratio of 36.99 and a beta of 0.99. The stock’s 50-day moving average price is $19.01 and its two-hundred day moving average price is $18.39.

Broadstone Net Lease (NYSE:BNL) last released 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. Research analysts forecast that Broadstone Net Lease will post 1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BNL shares. UBS Group lifted their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Broadstone Net Lease in a report on Thursday, December 4th. Morgan Stanley upped their price target on Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a research report on Monday, December 29th. Cantor Fitzgerald increased their price objective on Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Finally, Wall Street Zen upgraded Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.22.

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.