Broadstone Net Lease, Inc. (NYSE:BNL) Given Consensus Rating of “Hold” by Analysts

Shares of Broadstone Net Lease, Inc. (NYSE:BNL) have earned an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $18.60.

Several research firms recently weighed in on BNL. Citizens Jmp upgraded Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. UBS Group started coverage on Broadstone Net Lease in a research note on Thursday, November 14th. They issued a “neutral” rating and a $18.00 target price on the stock. Finally, JMP Securities upgraded Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Tuesday, December 17th.

Hedge Funds Weigh In On Broadstone Net Lease

Hedge funds and other institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC grew its position in shares of Broadstone Net Lease by 63.2% during the 3rd quarter. Natixis Advisors LLC now owns 114,272 shares of the company’s stock worth $2,165,000 after buying an additional 44,264 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Broadstone Net Lease by 30.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 466,782 shares of the company’s stock worth $7,403,000 after buying an additional 108,907 shares in the last quarter. Meritage Portfolio Management bought a new position in shares of Broadstone Net Lease during the 3rd quarter worth $5,610,000. Intech Investment Management LLC bought a new position in shares of Broadstone Net Lease during the 3rd quarter worth $633,000. Finally, Stifel Financial Corp grew its position in shares of Broadstone Net Lease by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 15,470 shares of the company’s stock worth $293,000 after buying an additional 939 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Performance

NYSE:BNL opened at $15.59 on Thursday. The stock’s fifty day moving average is $15.84 and its 200 day moving average is $17.18. Broadstone Net Lease has a fifty-two week low of $14.20 and a fifty-two week high of $19.15. The firm has a market capitalization of $2.94 billion, a PE ratio of 20.51 and a beta of 1.11.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.16. Broadstone Net Lease had a return on equity of 4.47% and a net margin of 33.56%. Equities analysts forecast that Broadstone Net Lease will post 1.39 EPS for the current year.

Broadstone Net Lease Company Profile

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.