Broadstone Net Lease (NYSE:BNL) Issues Earnings Results, Beats Estimates By $0.16 EPS

Broadstone Net Lease (NYSE:BNL - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.36 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $112.13 million for 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 Stock Performance

Shares of BNL traded down $0.08 on Friday, reaching $15.96. The stock had a trading volume of 1,015,373 shares, compared to its average volume of 1,053,893. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 18.34 and a beta of 1.11. The company has a 50-day simple moving average of $15.80 and a 200-day simple moving average of $17.17. Broadstone Net Lease has a 12-month low of $14.20 and a 12-month high of $19.15.

Broadstone Net Lease Announces Dividend

The company 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date of this dividend is Monday, March 31st. Broadstone Net Lease's payout ratio is presently 133.33%.

Wall Street Analysts Forecast Growth

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