Broadstone Net Lease (NYSE:BNL) Stock Price Expected to Rise, BTIG Research Analyst Says

Broadstone Net Lease (NYSE:BNL) had its price target increased by equities researchers at BTIG Research from $21.00 to $23.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s target price would indicate a potential upside of 9.60% from the stock’s current price.

BNL has been the topic of a number of other research reports. UBS Group raised 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 note on Monday, March 9th. Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. Citizens Jmp lowered shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Cantor Fitzgerald lifted their price objective on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Truist Financial set a $22.00 price target on Broadstone Net Lease in a report on Monday, June 8th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.78.

Broadstone Net Lease Stock Down 0.5%

Shares of BNL opened at $20.98 on Friday. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 32.28 and a beta of 0.95. Broadstone Net Lease has a 52 week low of $15.66 and a 52 week high of $21.50. The stock’s 50-day moving average price is $20.32 and its 200-day moving average price is $19.21.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate 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. As a group, equities analysts anticipate that Broadstone Net Lease will post 1.52 EPS for the current fiscal year.

Institutional Trading of Broadstone Net Lease

Large investors have recently made changes to their positions in the company. Invesco Ltd. raised its stake in Broadstone Net Lease by 391.1% in the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after purchasing an additional 3,635,809 shares during the last quarter. Balyasny Asset Management L.P. grew its stake 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 valued at $69,579,000 after acquiring an additional 2,951,207 shares in the last quarter. Norges Bank acquired a new stake in Broadstone Net Lease in the 4th quarter valued at about $41,471,000. Hudson Bay Capital Management LP acquired a new stake in Broadstone Net Lease in the 3rd quarter valued at about $37,998,000. Finally, New England Private Wealth Advisors LLC purchased a new position in Broadstone Net Lease in the 4th quarter worth approximately $27,426,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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.