Broadstone Net Lease
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: 74
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
296% more call options, than puts
Call options by funds: $3.73M | Put options by funds: $943K
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
19% more capital invested
Capital invested by funds: $2.46B [Q2] → $2.92B (+$465M) [Q3]
11% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 28
4% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 99
0.38% less ownership
Funds ownership: 81.99% [Q2] → 81.61% (-0.38%) [Q3]
1% less funds holding
Funds holding: 283 [Q2] → 281 (-2) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$18
14%
upside
Avg. target
$19.50
24%
upside
High target
$21
33%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
JMP Securities Mitch Germain 45% 1-year accuracy 18 / 40 met price target | 33%upside $21 | Market Outperform Upgraded | 17 Dec 2024 |
UBS Michael Goldsmith 40% 1-year accuracy 6 / 15 met price target | 14%upside $18 | Neutral Initiated | 14 Nov 2024 |
Financial journalist opinion
Based on 5 articles about BNL published over the past 30 days
Neutral
Seeking Alpha
1 week ago
Fire And Ice
US equity markets tumbled this week while benchmark interest rates surged to the cusp of multi-decade highs after a critical slate of employment data showed surprisingly buoyant labor market trends. Prompting a hawkish re-think of Fed policy expectations, inflation worries were further inflamed by surging energy prices amid frigid temperatures across the Central and East, while L.A. battled destructive wildfires. Real estate equities - the most rate-sensitive sector - were significant laggards this week as rate cut expectations soured, with REITs extending their year-end slide into early 2025.
Positive
Seeking Alpha
1 week ago
Broadstone Net Lease: Valuation Looks Tempting Once Again
Broadstone Net Lease (BNL) is a diversified REIT with a focus on industrial properties, which had been an area showing strong growth. BNL's portfolio is quite diversified, with over 750 properties, though on a relative basis, it is still a smaller REIT. BNL offers minimal growth expectations going forward but is attractive nonetheless with a 7.18% dividend yield and is valued appropriately with a P/FFO of 10.74x.
Positive
Seeking Alpha
2 weeks ago
Broadstone Net Lease: Remains Undervalued With Attractive Yield
Shares in Broadstone Net Lease have traded in a tight range over the past year. Total stock performance has been supported by the REIT's attractive dividend payout. At current pricing, shares offer an annual yield of more than 7%.
Neutral
Business Wire
2 weeks ago
Broadstone Net Lease Adds $117.4 Million to its Committed Pipeline of Build-to-Suit Development Commitments and Schedules Fourth Quarter 2024 Earnings Release and Conference Call
VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--BNL Adds $117.4 Million to its Committed Pipeline of Build-to-Suit Development Commitments and Schedules Q4 2024 Earnings Release and Conference Call.
Negative
Seeking Alpha
3 weeks ago
Broadstone Net Lease: Double Your Income With Significantly Less Risk
We had moved Broadstone Net Lease to a Hold from a Buy the last time around. The stock is down 10.5% since then and the decision to stay out feels good. We go over the fundamentals today and tell you how we would play it.
Positive
Seeking Alpha
1 month ago
Buy The Dip: 2 REITs Getting Way Too Cheap
Some REITs suffered a dip in recent weeks. As a result, they have become cheap again. We highlight 2 of our favorite buy-the-dip opportunities.
Positive
Seeking Alpha
1 month ago
Cash COWs And Buried Treasures: 2024 Performance Review
About a year ago, I published two proposed portfolios: Cash COWs, (high-yield and strong dividend safety), and Buried Treasures, (undervalued, high-yielding, with strong balance sheets and growth). The Cash COWs portfolio, selected for high yield and dividend safety, delivered a 6.91% cash yield with no dividend cuts, outperforming the VNQ by 242 bps. Despite not matching the S&P 500 or NASDAQ, Cash COWs performed well against the Dow Jones, S&P 400, and S&P 600 indices.
Positive
MarketBeat
1 month ago
3 Stocks to Ride the Manufacturing Sector's Big Comeback
The financial markets have provided investors with their sentiment for the United States economy moving forward through price action in different asset classes like stocks, bonds, and commodities. From the way gold is making new all-time highs while bond yields are on the rise, investors could assume that one single theme is taking over the behavior coming out of the different markets.
Positive
Seeking Alpha
1 month ago
Broadstone Net Lease: Still Underestimated
Broadstone Net Lease Inc.'s portfolio emphasizes industrial properties and long-term leases, provides high rental collection rates and moderate concentration risk. Despite its recent top-line challenges, Broadstone maintains solid per-share ratios. Moreover, a seemingly favorable capital structure provides latitude to enhanced performance in a lower interest rate environment. The REIT's valuation metrics suggest relative value is in store, which is accompanied by a forward dividend yield of 6.75%.
Neutral
Business Wire
2 months ago
Broadstone Net Lease Announces Updates to its Build-To-Suit Development Funding Commitments and Participation at Nareit's REITworld 2024 Annual Conference
VICTOR, N.Y.--(BUSINESS WIRE)---- $BNL #buildtosuit--BNL Announces Updates to its Build-To-Suit Development Funding Commitments and Participation at Nareit's REITworld 2024 Annual Conference.
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