Key Points
- Director Richard Imperiale purchased 5,000 BNL shares at an average price of $21.22, investing $106,100 and increasing his holdings by 23.53% to 26,250 shares.
- Broadstone Net Lease exceeded quarterly expectations, reporting $0.21 EPS versus $0.19 expected and revenue of $122.31 million. The company issued fiscal 2026 EPS guidance of $1.55–$1.57.
- The REIT declared a quarterly dividend of $0.2925, equivalent to $1.17 annually and a 5.5% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $22.78.
Broadstone Net Lease, Inc. (NYSE:BNL - Get Free Report) Director Richard Imperiale purchased 5,000 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the purchase, 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 position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Broadstone Net Lease Price Performance
BNL stock opened at $21.20 on Tuesday. The business has a 50-day moving average price of $21.44 and a 200 day moving average price of $20.28. The company has a market capitalization of $4.07 billion, a P/E ratio of 27.90 and a beta of 0.92. Broadstone Net Lease, Inc. has a 1-year low of $17.16 and a 1-year high of $23.10.
Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $122.31 million for the quarter, compared to analysts' expectations of $121.63 million. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, analysts anticipate that Broadstone Net Lease, Inc. will post 1.53 earnings per share for the current fiscal year.
Broadstone Net Lease Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease's dividend payout ratio is presently 153.95%.
Analysts Set New Price Targets
BNL has been the subject of a number of recent research reports. Citizens Jmp downgraded shares of Broadstone Net Lease from an "outperform" rating to a "market perform" rating in a research note on Friday, June 12th. The Goldman Sachs Group increased their target price on Broadstone Net Lease from $23.00 to $26.00 and gave the company a "buy" rating in a research report on Saturday, August 1st. Truist Financial set a $22.00 price target on Broadstone Net Lease in a research report on Monday, June 8th. BMO Capital Markets upped their price objective on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, July 10th. Finally, KeyCorp raised their price objective on Broadstone Net Lease from $20.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $22.78.
View Our Latest Research Report on Broadstone Net Lease
Institutional Investors Weigh In On Broadstone Net Lease
A number of hedge funds and other institutional investors have recently bought and sold shares of BNL. CIBC Private Wealth Group LLC boosted its stake in Broadstone Net Lease by 42.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company's stock valued at $35,000 after acquiring an additional 600 shares in the last quarter. American Century Companies Inc. increased its position in shares of Broadstone Net Lease by 0.9% during the second quarter. American Century Companies Inc. now owns 77,865 shares of the company's stock worth $1,250,000 after purchasing an additional 664 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Broadstone Net Lease by 0.9% during the 2nd quarter. Lazard Asset Management LLC now owns 89,265 shares of the company's stock valued at $1,432,000 after purchasing an additional 768 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Broadstone Net Lease by 5.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company's stock valued at $335,000 after purchasing an additional 944 shares during the last quarter. Finally, FJ Capital Management LLC boosted its position in shares of Broadstone Net Lease by 8.2% in the 2nd quarter. FJ Capital Management LLC now owns 12,754 shares of the company's stock worth $205,000 after purchasing an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.
About Broadstone Net Lease
(
Get Free Report)
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.
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