Broadstone Net Lease (NYSE:BNL) Releases FY 2026 Earnings Guidance

Broadstone Net Lease (NYSE:BNL) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.550-1.570 for the period, compared to the consensus estimate of 1.510.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Truist Financial raised Broadstone Net Lease from a “hold” rating to a “buy” rating and dropped their target price for the stock from $22.00 to $21.00 in a report on Thursday, October 1st. Cantor Fitzgerald reduced their target price on shares of Broadstone Net Lease from $24.00 to $21.00 and set an “overweight” rating for the company in a report on Friday. BMO Capital Markets lifted their price objective on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. KeyCorp restated an “overweight” rating on shares of Broadstone Net Lease in a research report on Tuesday, September 15th. Finally, The Goldman Sachs Group lifted their price target on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Saturday, August 1st. Eight research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Broadstone Net Lease Stock Down 0.3%

BNL stock traded down $0.05 during trading on Friday, hitting $17.35. The company had a trading volume of 516,352 shares, compared to its average volume of 2,220,440. The firm has a 50-day moving average price of $19.22 and a 200-day moving average price of $19.86. Broadstone Net Lease has a 1-year low of $16.70 and a 1-year high of $23.10. The firm has a market cap of $3.33 billion, a PE ratio of 22.82 and a beta of 0.91.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, October 28th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $121.87 million for the quarter, compared to analysts’ expectations of $122.19 million. Broadstone Net Lease had a return on equity of 4.85% and a net margin of 30.26%. Sell-side analysts anticipate that Broadstone Net Lease will post 1.51 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a dividend of $0.2950 per share. This represents a $1.18 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, December 31st. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.2925. Broadstone Net Lease’s dividend payout ratio (DPR) is 153.95%.

Insider Buying and Selling

In related news, Director Richard Imperiale bought 5,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $21.22 per share, with a total value of $106,100.00. Following the transaction, the director owned 26,250 shares of the company’s stock, valued at approximately $557,025. This trade represents a 23.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.02% of the stock is owned by company insiders.

Key Broadstone Net Lease News

Here are the key news stories impacting Broadstone Net Lease this week:

• Positive Sentiment: Raised FY 2026 outlook: BNL guided to adjusted EPS of $1.55-$1.57, above the $1.51 analyst consensus. The improved outlook suggests management expects stronger operating performance than previously anticipated and is the most significant bullish catalyst.
• Positive Sentiment: Dividend increased: The company declared a quarterly dividend of $0.295 per share, up 0.9% from $0.2925. The annualized payout is $1.18, representing an approximately 7% yield based on the cited share price, which may appeal to income-focused investors. Dividend announcement
• Positive Sentiment: FFO met expectations: Third-quarter funds from operations were $0.39 per share, matching the consensus estimate and increasing from $0.37 a year earlier. FFO is a key performance measure for real estate investment trusts. Q3 FFO report
• Neutral Sentiment: Analyst remains bullish despite target cut: Cantor Fitzgerald reduced its price target from $24 to $21 but maintained an “overweight” rating. The revised target still implies substantial upside from the cited $17.41 price, although the reduction signals more cautious expectations. Cantor Fitzgerald ratings
• Negative Sentiment: Quarterly EPS missed estimates: Reported EPS of $0.14 fell short of the $0.16 consensus, while revenue of $121.87 million was slightly below the $122.19 million estimate. The miss may limit the immediate benefit of the stronger annual guidance. Q3 earnings results

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (NYSE: BNL) is a real estate investment trust (REIT) that owns and manages a diversified portfolio of primarily single-tenant commercial properties. The company generally leases its properties under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Broadstone’s portfolio includes properties used by healthcare providers, industrial and manufacturing companies, office-based businesses, restaurants and retail operators.