Broadstone Net Lease (NYSE:BNL) Now Covered by Analysts at UBS Group

Equities research analysts at UBS Group assumed coverage on shares of Broadstone Net Lease (NYSE:BNL - Get Free Report) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set a "neutral" rating and a $18.00 price target on the stock. UBS Group's price target suggests a potential upside of 6.32% from the stock's current price.

Several other equities research analysts have also issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Broadstone Net Lease from $14.50 to $16.00 and gave the stock a "sell" rating in a report on Friday, September 13th. Wedbush began coverage on shares of Broadstone Net Lease in a research report on Monday, August 19th. They set an "outperform" rating and a $20.00 price objective on the stock. Finally, Truist Financial upped their target price on shares of Broadstone Net Lease from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.20.

Broadstone Net Lease Trading Down 0.5 %

BNL stock traded down $0.09 during midday trading on Thursday, reaching $16.93. 1,170,256 shares of the company's stock traded hands, compared to its average volume of 1,162,954. Broadstone Net Lease has a 52-week low of $14.20 and a 52-week high of $19.15. The stock has a market cap of $3.19 billion, a P/E ratio of 22.28 and a beta of 1.12. The stock's 50-day moving average is $18.22 and its 200 day moving average is $17.02.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.15). Broadstone Net Lease had a return on equity of 4.47% and a net margin of 33.56%. The company had revenue of $108.40 million during the quarter, compared to the consensus estimate of $106.47 million. During the same period in the prior year, the business posted $0.36 earnings per share. As a group, research analysts expect that Broadstone Net Lease will post 1.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Broadstone Net Lease

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in Broadstone Net Lease by 257.5% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $33,000 after purchasing an additional 1,272 shares during the period. Quarry LP lifted its holdings in Broadstone Net Lease by 93.1% during the 2nd quarter. Quarry LP now owns 2,556 shares of the company's stock valued at $41,000 after buying an additional 1,232 shares in the last quarter. Blue Trust Inc. boosted its position in Broadstone Net Lease by 156.5% in the 3rd quarter. Blue Trust Inc. now owns 3,902 shares of the company's stock valued at $74,000 after buying an additional 2,381 shares during the period. US Bancorp DE grew its stake in Broadstone Net Lease by 636.6% in the 3rd quarter. US Bancorp DE now owns 3,941 shares of the company's stock worth $75,000 after acquiring an additional 3,406 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Broadstone Net Lease by 29.4% during the third quarter. KBC Group NV now owns 6,220 shares of the company's stock valued at $118,000 after acquiring an additional 1,413 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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.