Broadstone Net Lease (NYSE:BNL) Announces Earnings Results

Broadstone Net Lease (NYSE:BNL) announced its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16, Zacks reports. Broadstone Net Lease had a net margin of 33.56% and a return on equity of 4.47%. Broadstone Net Lease updated its FY 2025 guidance to 1.450-1.490 EPS.

Broadstone Net Lease Stock Performance

Shares of Broadstone Net Lease stock traded down $0.10 on Wednesday, hitting $15.59. 814,322 shares of the company traded hands, compared to its average volume of 1,043,063. The stock has a market capitalization of $2.94 billion, a P/E ratio of 20.51 and a beta of 1.11. Broadstone Net Lease has a 52 week low of $14.20 and a 52 week high of $19.15. The business has a 50-day simple moving average of $15.86 and a 200 day simple moving average of $17.19.

Analyst Ratings Changes

BNL has been the topic of a number of recent analyst reports. Citizens Jmp raised shares of Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. JMP Securities raised shares of Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, December 17th. Finally, UBS Group started coverage on shares of Broadstone Net Lease in a report on Thursday, November 14th. They set a “neutral” rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Broadstone Net Lease presently has a consensus rating of “Hold” and an average price target of $18.60.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.