Broadstone Net Lease (NYSE:BNL - Get Free Report) issued its earnings results on Wednesday. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.16, Zacks reports. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. The business had revenue of $112.13 million during the quarter, compared to analyst estimates of $109.80 million. Broadstone Net Lease updated its FY 2025 guidance to 1.450-1.490 EPS.
Broadstone Net Lease Price Performance
Shares of NYSE BNL traded down $0.08 during midday trading on Friday, reaching $15.96. The company's stock had a trading volume of 1,015,373 shares, compared to its average volume of 1,053,893. Broadstone Net Lease has a 12-month low of $14.20 and a 12-month high of $19.15. The firm has a 50 day moving average price of $15.80 and a 200-day moving average price of $17.17. The stock has a market capitalization of $3.01 billion, a P/E ratio of 18.34 and a beta of 1.11.
Broadstone Net Lease Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.27%. Broadstone Net Lease's payout ratio is presently 133.33%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on BNL. UBS Group began coverage on Broadstone Net Lease in a research report on Thursday, November 14th. They issued a "neutral" rating and a $18.00 target price for the company. JMP Securities raised Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 target price for the company in a research report on Tuesday, December 17th. Finally, Citizens Jmp raised Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a research report 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 currently has an average rating of "Hold" and an average target price of $18.60.
Check Out Our Latest Research Report on BNL
Broadstone Net Lease Company Profile
(
Get Free Report)
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.
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