Broadstone Net Lease (NYSE:BNL - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.450-1.490 for the period, compared to the consensus estimate of 1.530. The company issued revenue guidance of -.
Broadstone Net Lease Stock Performance
Shares of NYSE BNL traded down $0.08 during midday trading 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 stock has a 50-day moving average of $15.80 and a 200-day moving average of $17.17. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 18.34 and a beta of 1.11. Broadstone Net Lease has a 12-month low of $14.20 and a 12-month high of $19.15.
Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.16. The firm had revenue of $112.13 million during the quarter, compared to analysts' expectations of $109.80 million. Broadstone Net Lease had a net margin of 37.62% and a return on equity of 5.10%. As a group, analysts forecast that Broadstone Net Lease will post 1.43 EPS for the current fiscal year.
Broadstone Net Lease Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, March 31st. This represents a $1.16 annualized dividend and a yield of 7.27%. Broadstone Net Lease's payout ratio is 133.33%.
Analysts Set New Price Targets
BNL has been the subject of several research analyst reports. JMP Securities raised shares of 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 note on Tuesday, December 17th. UBS Group initiated coverage on shares of Broadstone Net Lease in a research note on Thursday, November 14th. They set a "neutral" rating and a $18.00 target price for the company. Finally, Citizens Jmp raised shares of Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $18.60.
Check Out Our Latest Stock Report on Broadstone Net Lease
About Broadstone Net Lease
(
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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