NYSE:BNL Broadstone Net Lease (BNL) Stock Price, News & Analysis $18.25 +0.03 (+0.16%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$18.01▼$18.2850-Day Range$15.65▼$18.4952-Week Range$13.68▼$18.72Volume691,008 shsAverage Volume1.19 million shsMarket Capitalization$3.44 billionP/E Ratio19.01Dividend Yield6.36%Price Target$17.60 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Broadstone Net Lease alerts: Email Address Broadstone Net Lease MarketRank™ Stock AnalysisAnalyst RatingHold2.14 Rating ScoreUpside/Downside3.6% Downside$17.60 Price TargetShort InterestHealthy1.95% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.20Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth2.88%From $1.39 to $1.43 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.49 out of 5 starsFinance Sector561st out of 871 stocksReal Estate Investment Trusts Industry113th out of 178 stocks 1.1 Analyst's Opinion Consensus RatingBroadstone Net Lease has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating.Amount of Analyst CoverageBroadstone Net Lease has only been the subject of 3 research reports in the past 90 days.Read more about Broadstone Net Lease's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.95% of the float of Broadstone Net Lease has been sold short.Short Interest Ratio / Days to CoverBroadstone Net Lease has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Broadstone Net Lease has recently decreased by 7.40%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipBroadstone Net Lease is a leading dividend payer. It pays a dividend yield of 6.41%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthBroadstone Net Lease does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Broadstone Net Lease is 120.83%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Broadstone Net Lease will have a dividend payout ratio of 81.12% in the coming year. This indicates that Broadstone Net Lease may not be able to sustain their current dividend.Read more about Broadstone Net Lease's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BNL. Previous Next 4.0 News and Social Media Coverage News SentimentBroadstone Net Lease has a news sentiment score of 1.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Broadstone Net Lease this week, compared to 3 articles on an average week.Search Interest6 people have searched for BNL on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.MarketBeat Follows3 people have added Broadstone Net Lease to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Broadstone Net Lease insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.62% of the stock of Broadstone Net Lease is held by insiders.Percentage Held by Institutions89.07% of the stock of Broadstone Net Lease is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Broadstone Net Lease's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Broadstone Net Lease are expected to grow by 2.88% in the coming year, from $1.39 to $1.43 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Broadstone Net Lease is 19.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.80.Price to Earnings Ratio vs. SectorThe P/E ratio of Broadstone Net Lease is 19.01, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 31.96.Price to Book Value per Share RatioBroadstone Net Lease has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Broadstone Net Lease's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. About Broadstone Net Lease Stock (NYSE:BNL)BNL is an industrial-focused, diversified net lease REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of September 30, 2023, BNL's diversified portfolio consisted of 800 individual net leased commercial properties with 793 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, healthcare, restaurant, retail, and office property types.Read More BNL Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BNL Stock News HeadlinesSeptember 1, 2024 | americanbankingnews.comBroadstone Net Lease, Inc. (NYSE:BNL) Receives $17.60 Consensus Price Target from AnalystsAugust 28, 2024 | americanbankingnews.comBroadstone Net Lease (NYSE:BNL) and Braemar Hotels & Resorts (NYSE:BHR) Financial SurveySeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.August 27, 2024 | investing.comBroadstone Net Lease Inc (BNL)August 23, 2024 | finance.yahoo.comBroadstone Net Lease, Inc.'s (NYSE:BNL) Stock Is Going Strong: Have Financials A Role To Play?August 20, 2024 | msn.comWedbush Initiates Coverage of Broadstone Net Lease (BNL) with Outperform RecommendationAugust 12, 2024 | seekingalpha.comBroadstone Net Lease: Meaningful Reorganization Progress And Strong Metrics Make It BuyableAugust 8, 2024 | nasdaq.comBroadstone Net Lease (BNL) Passes Through 7% Yield MarkSeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.August 1, 2024 | markets.businessinsider.comBroadstone Net Lease (BNL) Hold Rating Maintained Amidst Portfolio Shift and Cautious Growth OutlookAugust 1, 2024 | seekingalpha.comBroadstone Net Lease, Inc. (BNL) Q2 2024 Earnings Call TranscriptJuly 31, 2024 | seekingalpha.comBroadstone Net Lease, Inc. 2024 Q2 - Results - Earnings Call PresentationJuly 31, 2024 | markets.businessinsider.comBuy Rating Justified by Broadstone Net Lease’s Strategic Growth and Robust Financial HealthJuly 30, 2024 | seekingalpha.comBroadstone Net Lease: Price Catches Up With ValueJuly 29, 2024 | markets.businessinsider.comHere's what Wall Street expects from Broadstone Net Lease's earnings reportJuly 24, 2024 | msn.com8 Stocks to play into the REIT sector momentum - BTIGJuly 8, 2024 | seekingalpha.comBroadstone Net Lease: An Attractive Yield For Income InvestorsJune 3, 2024 | businesswire.comBroadstone Net Lease Provides an Update on Recent Business Activity and Announces Participation at Nareit's REITWeek: 2024 Investor ConferenceSee More Headlines Receive BNL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Broadstone Net Lease and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/15 Dividend6/28/2024Dividend Payable7/15/2024Last Earnings7/30/2024Today9/07/2024Ex-Dividend for 10/15 Dividend9/30/2024Dividend Payable10/15/2024Next Earnings (Estimated)11/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryTrading Current SymbolNYSE:BNL CUSIPN/A CIK1424182 Webwww.broadstone.com Phone585-287-6500Fax585-625-3680Employees70Year FoundedN/APrice Target and Rating Average Stock Price Target$17.60 High Stock Price Target$20.00 Low Stock Price Target$14.00 Potential Upside/Downside-3.6%Consensus RatingHold Rating Score (0-4)2.14 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$0.96 Trailing P/E Ratio19.01 Forward P/E Ratio13.13 P/E GrowthN/ANet Income$155.48 million Net Margins36.78% Pretax Margin38.47% Return on Equity4.86% Return on Assets2.96% Debt Debt-to-Equity RatioN/A Current Ratio0.09 Quick Ratio0.09 Sales & Book Value Annual Sales$425.82 million Price / Sales8.08 Cash Flow$1.66 per share Price / Cash Flow11.00 Book Value$16.96 per share Price / Book1.08Miscellaneous Outstanding Shares188,430,000Free Float187,262,000Market Cap$3.44 billion OptionableOptionable Beta1.11 Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.Get This Free Report Key ExecutivesMr. John D. Moragne (Age 41)CEO & Director Comp: $1.8MMr. Ryan M. Albano CPA (Age 42)President & COO Comp: $1.36MMr. Timothy D. Dieffenbacher (Age 36)Senior VP, Chief Accounting Officer & Treasurer Ms. Molly Kelly Wiegel (Age 52)Senior Vice President of Human Resources & Administration Mr. Michael B. Caruso (Age 29)Senior Vice President of Underwriting & Strategy Ms. Jennie O'Brien (Age 41)Senior VP of Accounting & Controller More ExecutivesKey CompetitorsW. P. CareyNYSE:WPCRegency CentersNASDAQ:REGThe Carlyle GroupNASDAQ:CGSITE CentersNYSE:SITCHost Hotels & ResortsNASDAQ:HSTView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 38,702 shares on 9/5/2024Ownership: 0.021%Creative PlanningSold 108,230 shares on 8/16/2024Ownership: 0.326%Systematic Financial Management LPBought 187,800 shares on 8/16/2024Ownership: 0.100%Algert Global LLCBought 18,914 shares on 8/16/2024Ownership: 0.010%Quarry LPBought 1,232 shares on 8/16/2024Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions BNL Stock Analysis - Frequently Asked Questions How have BNL shares performed this year? Broadstone Net Lease's stock was trading at $17.22 at the start of the year. Since then, BNL stock has increased by 6.0% and is now trading at $18.25. View the best growth stocks for 2024 here. How were Broadstone Net Lease's earnings last quarter? Broadstone Net Lease, Inc. (NYSE:BNL) released its quarterly earnings data on Tuesday, July, 30th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.15. The firm earned $105.91 million during the quarter, compared to analyst estimates of $105.95 million. Broadstone Net Lease had a trailing twelve-month return on equity of 4.86% and a net margin of 36.78%. When did Broadstone Net Lease IPO? Broadstone Net Lease (BNL) raised $603 million in an initial public offering (IPO) on Thursday, September 17th 2020. The company issued 33,500,000 shares at $17.00-$19.00 per share. J.P. Morgan, Goldman Sachs, BMO Capital Markets, Morgan Stanley, Capital One Securities and Truist Securities acted as the underwriters for the IPO and Regions Securities, BTIG, KeyBanc Capital Markets and Ramirez were co-managers. Who are Broadstone Net Lease's major shareholders? Broadstone Net Lease's top institutional investors include Principal Financial Group Inc. (7.81%), Massachusetts Financial Services Co. MA (1.87%), Millennium Management LLC (1.69%) and Dimensional Fund Advisors LP (1.36%). Insiders that own company stock include Ryan M Albano, John David Moragne, Kevin Fennell, Roderick Pickney, Michael A Coke, Michael B Caruso and Laurier J Lessard Jr. View institutional ownership trends. How do I buy shares of Broadstone Net Lease? Shares of BNL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Broadstone Net Lease own? Based on aggregate information from My MarketBeat watchlists, some other companies that Broadstone Net Lease investors own include Cross Timbers Royalty Trust (CRT), InfraCap MLP ETF (AMZA), Alliance Resource Partners (ARLP), Brigham Minerals (MNRL), Arbor Realty Trust (ABR) and Advanced Emissions Solutions (ADES). This page (NYSE:BNL) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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Addiction has overwhelmed these once thriving coal towns. ...Porter & Company | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Broadstone Net Lease, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share Broadstone Net Lease With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. 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