Broadstone Net Lease, Inc. (NYSE:BNL) Analysts Recommend 'Hold'

Broadstone Net Lease, Inc. (NYSE:BNL) has been assigned a consensus recommendation of "Hold" by nine brokerages covering the stock, according to recent reports from MarketBeat Ratings. Among these analysts, one has issued a sell rating, four have rated the stock as a hold, and three analysts have assigned it a buy rating, with one analyst giving it a strong buy rating. The average price target set by these brokerages for the next twelve months stands at $18.83.

Analyst Updates on Broadstone Net Lease

Broadstone Net Lease has been featured in several recent research reports. On December 17th, JMP Securities upgraded the rating from "market perform" to "outperform" and set a price target of $21.00. On the same day, Citizens Financial Group raised its rating from "hold" to "strong buy." Additionally, BMO Capital Markets placed a $20.00 price target on Broadstone’s shares while giving it an "outperform" rating in a report published earlier.

Stock Performance Overview

On Wednesday, shares of Broadstone Net Lease traded higher by $0.26 to reach $17.06. The trading volume was 2,144,669 shares, noticeably up from its average of 1,198,197 shares. The stock has seen a low of $14.20 and a high of $19.15 over the past year. It currently boasts a market capitalization of approximately $3.22 billion, a P/E ratio of 19.59, and a beta of 1.09. The company has a fifty-day moving average of $16.23 and a two-hundred day moving average of $17.01.

Recent Earnings and Future Projections

Broadstone Net Lease last announced its earnings on February 19th, reporting an earnings per share (EPS) of $0.36 for the quarter, surpassing the consensus estimate of $0.20 by $0.16. The firm's revenue for the quarter was $112.13 million, exceeding analyst predictions of $109.80 million. Broadstone achieved a net margin of 37.62% and a return on equity of 5.10%. Analysts forecast that Broadstone Net Lease will post an EPS of 1.43 for the current fiscal year.

Dividend Information

The company has also announced a quarterly dividend of $0.29, which is set to be paid on April 15th to investors recorded on March 31st. This translates to an annualized dividend of $1.16, yielding 6.80%. The ex-dividend date is May 1st, and the company has a payout ratio of 133.33%.

Institutional Holdings and Shareholder Activities

Institutional investors and hedge funds have been adjusting their positions in Broadstone Net Lease. The State of Alaska Department of Revenue raised its holdings by 1.0% in the last quarter, bringing its total to 90,318 shares valued at $1,432,000 after purchasing 882 additional shares. Cerity Partners LLC raised its position by 2.2%, owning 40,480 shares worth $767,000 following a recent acquisition of 886 shares. Other notable increases include Rockefeller Capital Management, which raised its stake by 3.9%, and Corient Private Wealth LLC, which boosted its holdings by 2.2%. Overall, hedge funds and other institutional investors hold approximately 89.07% of the company's stock.

About Broadstone Net Lease

Broadstone Net Lease, Inc., established on October 18, 2007, in Maryland, operates as a real estate investment trust (REIT). It began its tax treatments as a REIT in 2008. Broadstone Net Lease, LLC, serves as the operating company that conducts its business and holds the corporation's properties.

Broadstone, Net, Lease