Broadstone Net Lease (NYSE:BNL) Issues Earnings Results

Broadstone Net Lease (NYSE:BNL) issued its earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16, Zacks reports. Broadstone Net Lease had a net margin of 33.56% and a return on equity of 4.47%. Broadstone Net Lease updated its FY 2025 guidance to 1.450-1.490 EPS.

Broadstone Net Lease Stock Performance

BNL traded down $0.10 on Wednesday, reaching $15.59. The company had a trading volume of 814,322 shares, compared to its average volume of 1,043,063. The business has a 50 day simple moving average of $15.86 and a 200 day simple moving average of $17.19. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 20.51 and a beta of 1.11. Broadstone Net Lease has a 52-week low of $14.20 and a 52-week high of $19.15.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BNL shares. JMP Securities upgraded 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 report on Tuesday, December 17th. UBS Group began coverage on shares of Broadstone Net Lease in a research report 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 report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Broadstone Net Lease presently has an average rating of “Hold” and a consensus target price of $18.60.

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.