Broadstone Net Lease (BNL) Scheduled to Post Quarterly Earnings on Wednesday

Broadstone Net Lease (NYSE:BNL - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Broadstone Net Lease has set its FY 2024 guidance at 1.410-1.430 EPS.Parties that are interested in participating in the company's conference call can do so using this link.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its quarterly earnings results 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). Broadstone Net Lease had a net margin of 36.78% and a return on equity of 4.86%. The firm had revenue of $105.91 million for the quarter, compared to analyst estimates of $105.95 million. During the same period last year, the company earned $0.35 EPS. On average, analysts expect Broadstone Net Lease to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Broadstone Net Lease Trading Down 0.6 %

Shares of BNL traded down $0.11 during trading hours on Wednesday, hitting $18.24. 882,943 shares of the stock traded hands, compared to its average volume of 1,160,175. Broadstone Net Lease has a 1-year low of $13.68 and a 1-year high of $19.15. The firm has a market capitalization of $3.44 billion, a PE ratio of 19.00 and a beta of 1.11. The business has a fifty day moving average of $18.35 and a 200-day moving average of $16.68.

Broadstone Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 6.36%. The ex-dividend date was Monday, September 30th. Broadstone Net Lease's dividend payout ratio (DPR) is presently 120.83%.

Wall Street Analyst Weigh In

BNL has been the topic of several analyst reports. Truist Financial increased their target price on Broadstone Net Lease from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Friday, August 16th. The Goldman Sachs Group increased their target price on Broadstone Net Lease from $14.50 to $16.00 and gave the company a "sell" rating in a research note on Friday, September 13th. Finally, Wedbush initiated coverage on Broadstone Net Lease in a research note on Monday, August 19th. They issued an "outperform" rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Broadstone Net Lease currently has a consensus rating of "Hold" and an average target price of $18.25.

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.