Broadstone Net Lease (NYSE:BNL) Sees Large Volume Increase – Time to Buy?

Broadstone Net Lease, Inc. (NYSE:BNL) shares saw an uptick in trading volume on Wednesday . 6,056,541 shares were traded during mid-day trading, an increase of 211% from the previous session’s volume of 1,950,042 shares.The stock last traded at $19.4050 and had previously closed at $18.87.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BNL shares. UBS Group increased their price target on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Morgan Stanley increased their price target on Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research note on Monday, December 29th. Cantor Fitzgerald increased their price target 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, Weiss Ratings raised Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Broadstone Net Lease presently has a consensus rating of “Moderate Buy” and an average price target of $20.22.

Broadstone Net Lease Stock Up 3.2%

The company has a 50 day moving average of $19.01 and a two-hundred day moving average of $18.39. The firm has a market cap of $3.73 billion, a P/E ratio of 38.96 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last announced 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 net margin of 21.25% and a return on equity of 3.17%. The firm had revenue of $118.30 million for the quarter, compared to the consensus estimate of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Research analysts expect that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.2925 per share. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Broadstone Net Lease’s dividend payout ratio (DPR) is 234.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Miller Global Investments LLC acquired a new position in shares of Broadstone Net Lease in the 4th quarter valued at $953,000. AlphaQuest LLC acquired a new position in shares of Broadstone Net Lease in the 3rd quarter valued at $1,895,000. Principal Financial Group Inc. boosted its position in shares of Broadstone Net Lease by 11.0% in the 3rd quarter. Principal Financial Group Inc. now owns 548,917 shares of the company’s stock valued at $9,809,000 after purchasing an additional 54,582 shares during the period. American Century Companies Inc. boosted its position in shares of Broadstone Net Lease by 1,640.8% in the 3rd quarter. American Century Companies Inc. now owns 1,355,448 shares of the company’s stock valued at $24,222,000 after purchasing an additional 1,277,583 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Broadstone Net Lease by 39.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 471,426 shares of the company’s stock valued at $8,750,000 after purchasing an additional 134,004 shares during the period. Institutional investors own 89.07% of the company’s stock.

About Broadstone Net Lease

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.