BNL icon

Broadstone Net Lease

15.91 USD
-0.19
1.18%
At close Jul 30, 4:00 PM EDT
After hours
15.99
+0.08
0.50%
1 day
-1.18%
5 days
0.70%
1 month
-0.87%
3 months
-1.67%
6 months
0.82%
Year to date
1.40%
1 year
-11.46%
5 years
-2.39%
10 years
-2.39%
 

About: Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.

Employees: 73

0
Funds holding %
of 7,323 funds
0
Analysts bullish %
of 4 analysts

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

129% more call options, than puts

Call options by funds: $2.64M | Put options by funds: $1.15M

50% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 26

25% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2024] → 5 (+1) [Q1 2025]

7% more capital invested

Capital invested by funds: $2.48B [Q4 2024] → $2.66B (+$179M) [Q1 2025]

3% more funds holding

Funds holding: 304 [Q4 2024] → 314 (+10) [Q1 2025]

9% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 108

0.37% less ownership

Funds ownership: 82.72% [Q4 2024] → 82.34% (-0.37%) [Q1 2025]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$16
1%
upside
Avg. target
$18.50
16%
upside
High target
$21
32%
upside

4 analyst ratings

positive
50%
neutral
50%
negative
0%
Wolfe Research
Andrew Rosivach
19%upside
$19
Outperform
Upgraded
28 Jul 2025
UBS
Michael Goldsmith
1%upside
$16
Neutral
Maintained
16 Jul 2025
JMP Securities
Mitch Germain
32%upside
$21
Market Outperform
Reiterated
2 Jun 2025
Truist Securities
Ki Bin Kim
13%upside
$18
Hold
Maintained
5 May 2025

Financial journalist opinion

Based on 5 articles about BNL published over the past 30 days

Neutral
Seeking Alpha
3 days ago
Fed Looms Over Mid-Summer Rally
U.S. equity markets rallied to fresh record-highs this week as investors cheered upbeat corporate earnings results and several major trade deals ahead of a frenetic week of potentially narrative-shifting catalysts. Months of tariff bemoaning and general pessimism have surrendered of late to some mid-summer optimism, but a barrage of obstacles loom, including a Fed that is ever-eager to play spoiler. Notching record-highs in four of the past five weeks, the S&P 500 rallied another 1.5% this week, advancing in all five trading sessions.
Fed Looms Over Mid-Summer Rally
Neutral
Business Wire
6 days ago
Broadstone Net Lease Announces Three Additional Build-to-Suit Developments for $61.4 million
VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Announces Three Additional Build-to-Suit Developments for $61.4 million.
Broadstone Net Lease Announces Three Additional Build-to-Suit Developments for $61.4 million
Positive
Seeking Alpha
3 weeks ago
Broadstone Net Lease: Industrial Portfolio Keeps Getting More And More Relevant
BNL's ongoing shift toward industrial properties is driving strong portfolio growth and improving asset quality, with industrial now nearly 60% of annualized base rent. Despite recent industrial market headwinds, supply is cooling, setting up a favorable demand-supply balance that should benefit BNL's high occupancy and lease terms. BNL's 7%+ yield, BBB-rated balance sheet, and modest 10.7x P/FFO valuation make it an attractive, overlooked REIT compared to sector peers.
Broadstone Net Lease: Industrial Portfolio Keeps Getting More And More Relevant
Positive
Seeking Alpha
3 weeks ago
10% And 7% Yields You Can Trust - 2 High-Quality Dividend Machines I'd Buy Today
Many overlook dividend theory, but it's not just about income. It's about capital discipline, smart allocation, and long-term shareholder value. Vanguard's study confirms what I've long believed: dividend investors aren't just chasing cash, they value quality, consistency, and resilience. That's why I like two high-yield stocks that offer more than payouts. They're backed by strong portfolios, smart strategies, and real staying power.
10% And 7% Yields You Can Trust - 2 High-Quality Dividend Machines I'd Buy Today
Neutral
Business Wire
4 weeks ago
Broadstone Net Lease Schedules Second Quarter 2025 Earnings Release and Conference Call
VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Schedules Second Quarter 2025 Earnings Release and Conference Call.
Broadstone Net Lease Schedules Second Quarter 2025 Earnings Release and Conference Call
Positive
Seeking Alpha
1 month ago
Broadstone Net Lease: High Yield Bargain In Plain Sight
Broadstone Net Lease is a bargain dividend REIT, offering a 7.2% yield and trading at a low forward P/FFO of 10.6, sitting below that of peers. The portfolio shift toward industrial assets and a $500M build-to-suit pipeline position BNL for long-term growth and incremental revenue. BNL maintains a strong balance sheet, robust credit ratings, and a well-covered, growing dividend, making it appealing for income investors.
Broadstone Net Lease: High Yield Bargain In Plain Sight
Positive
Zacks Investment Research
1 month ago
What Makes Broadstone Net Lease (BNL) a New Buy Stock
Broadstone Net Lease (BNL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
What Makes Broadstone Net Lease (BNL) a New Buy Stock
Positive
Seeking Alpha
1 month ago
U.S. REIT Share Repurchase Activity Doubles In Q1 2025
Share buyback activity by US equity real estate investment trusts more than doubled in the first quarter, according to an analysis by S&P Global Market Intelligence. The US REIT sector bought back around $993.2 million in common stock in the period, more than twice as much as the $456.2 million in the fourth quarter of 2024 and up 15.5% year over year. More than a dozen REITs announced new share repurchase programs during the first quarter.
U.S. REIT Share Repurchase Activity Doubles In Q1 2025
Neutral
Business Wire
1 month ago
Broadstone Net Lease Provides an Update on Recent Business Activity and Participation at Nareit's REITweek 2025 Annual Conference
VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today provided an update on its recent business activity through June 2, 2025. Additionally, the Company announced that BNL's CEO, John Moragne and CFO, Kevin Fennell, will be participating in the Nareit REITweek 2025 Annual Conference in New York, NY on June 3 and June 4, 2025. JUNE 2025 BUSINESS UPDATE Quarter-to-date, we have invested $83.3 million, including $54.
Broadstone Net Lease Provides an Update on Recent Business Activity and Participation at Nareit's REITweek 2025 Annual Conference
Positive
Seeking Alpha
2 months ago
Nothing But Net (Lease REITs)
Net Lease REITs create value by investing at returns above their cost of capital; WACC is a key metric for quality assessment. Top Net Lease REITs like Agree Realty, Essential Properties, Four Corners, VICI, and Realty Income have the most attractive WACCs and investment spreads. High-yield or cheap REITs often have elevated payout ratios and weaker balance sheets, signaling higher risk and possible dividend instability.
Nothing But Net (Lease REITs)
Charts implemented using Lightweight Charts™