Broadstone Net Lease (NYSE:BNL) Releases Earnings Results, Beats Expectations By $0.02 EPS

Broadstone Net Lease (NYSE:BNL) announced its earnings results on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02, FiscalAI reports. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.82%. The company had revenue of $122.31 million during the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease updated its FY 2026 guidance to 1.550-1.570 EPS.

Broadstone Net Lease Stock Performance

Shares of BNL traded down $0.06 during trading hours on Friday, reaching $21.45. The stock had a trading volume of 57,920 shares, compared to its average volume of 2,164,064. Broadstone Net Lease has a 12 month low of $16.05 and a 12 month high of $23.10. The stock has a market capitalization of $4.11 billion, a PE ratio of 28.15 and a beta of 0.94. The company’s 50-day moving average is $21.24 and its two-hundred day moving average is $19.96.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio is presently 153.95%.

Hedge Funds Weigh In On Broadstone Net Lease

Several large investors have recently bought and sold shares of the company. Invesco Ltd. grew its holdings in shares of Broadstone Net Lease by 391.1% during the fourth quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock worth $79,302,000 after purchasing an additional 3,635,809 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Broadstone Net Lease by 213.2% in 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 buying an additional 2,951,207 shares during the last quarter. Deutsche Bank AG boosted its position in Broadstone Net Lease by 580.4% during the 4th quarter. Deutsche Bank AG now owns 1,582,857 shares of the company’s stock worth $27,494,000 after buying an additional 1,350,222 shares during the period. Captrust Financial Advisors boosted its position in Broadstone Net Lease by 346.5% during the 4th quarter. Captrust Financial Advisors now owns 973,407 shares of the company’s stock worth $16,908,000 after buying an additional 755,379 shares during the period. Finally, Bank of America Corp DE grew its holdings in Broadstone Net Lease by 38.5% during the 3rd quarter. Bank of America Corp DE now owns 2,471,224 shares of the company’s stock worth $44,161,000 after acquiring an additional 686,938 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BNL. Cantor Fitzgerald reissued an “overweight” rating on shares of Broadstone Net Lease in a report on Friday. Citizens Jmp cut Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. BTIG Research increased their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, KeyCorp increased their target price on Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.00.

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.