Broadstone Net Lease (NYSE:BNL) Posts Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Broadstone Net Lease (NYSE:BNL) posted its quarterly earnings data on Wednesday. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16, Zacks reports. Broadstone Net Lease had a net margin of 37.62% and a return on equity of 5.10%. The business had revenue of $112.13 million for the quarter, compared to analyst estimates of $109.80 million. Broadstone Net Lease updated its FY 2025 guidance to 1.450-1.490 EPS.

Broadstone Net Lease Stock Up 3.1 %

BNL opened at $16.03 on Friday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 18.42 and a beta of 1.11. The stock has a fifty day moving average of $15.82 and a 200-day moving average of $17.17. Broadstone Net Lease has a 12-month low of $14.20 and a 12-month high of $19.15.

Broadstone Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 7.24%. The ex-dividend date of this dividend is Monday, March 31st. Broadstone Net Lease’s payout ratio is 133.33%.

Analyst Upgrades and Downgrades

BNL has been the subject of a number of research reports. UBS Group started coverage on Broadstone Net Lease in a research note on Thursday, November 14th. They set a “neutral” rating and a $18.00 price target for the company. JMP Securities raised shares of Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, December 17th. 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 research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.