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

Broadstone Net Lease (NYSE:BNL) announced its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 Trading Down 0.6 %

Shares of BNL traded down $0.10 during trading hours on Wednesday, reaching $15.59. 814,322 shares of the company traded hands, compared to its average volume of 1,043,063. The firm 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 12-month low of $14.20 and a 12-month high of $19.15. The stock’s fifty day moving average price is $15.86 and its 200 day moving average price is $17.19.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BNL shares. UBS Group initiated coverage on shares of Broadstone Net Lease in a research report on Thursday, November 14th. They issued a “neutral” rating and a $18.00 price target on the stock. Citizens Jmp upgraded shares of Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, JMP Securities upgraded shares of Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.