Broadstone Net Lease (BNL) Expected to Announce Earnings on Wednesday

Broadstone Net Lease (NYSE:BNL - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect Broadstone Net Lease to post earnings of $0.20 per share and revenue of $109.80 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Broadstone Net Lease Price Performance

BNL traded down $0.30 on Friday, reaching $15.33. 1,108,946 shares of the company's stock were exchanged, compared to its average volume of 996,945. Broadstone Net Lease has a twelve month low of $14.20 and a twelve month high of $19.15. The stock has a market cap of $2.89 billion, a PE ratio of 20.16 and a beta of 1.11. The stock's fifty day moving average price is $15.93 and its 200-day moving average price is $17.22.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BNL shares. UBS Group started coverage on Broadstone Net Lease in a report on Thursday, November 14th. They set a "neutral" rating and a $18.00 target price on the stock. JMP Securities raised Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 price objective on the stock in a research note on Tuesday, December 17th. Finally, Citizens Jmp raised Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. One equities research 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 company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $18.60.

About Broadstone Net Lease

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.