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 6,809 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]
8% more capital invested
Capital invested by funds: $2.43B [Q2] → $2.62B (+$192M) [Q3]
4% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 99
1% less funds holding
Funds holding: 283 [Q2] → 281 (-2) [Q3]
6% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 33
7.87% less ownership
Funds ownership: 81.06% [Q2] → 73.18% (-7.87%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$18
12%
upside
Avg. target
$19.50
21%
upside
High target
$21
31%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
JMP Securities Mitch Germain 53% 1-year accuracy 18 / 34 met price target | 31%upside $21 | Market Outperform Upgraded | 17 Dec 2024 |
UBS Michael Goldsmith 29% 1-year accuracy 4 / 14 met price target | 12%upside $18 | Neutral Initiated | 14 Nov 2024 |
Financial journalist opinion
Based on 4 articles about BNL published over the past 30 days
Positive
Seeking Alpha
2 days 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 week 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
3 weeks 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
4 weeks 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
1 month 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.
Neutral
Seeking Alpha
1 month ago
Broadstone Net Lease, Inc. (BNL) Q3 2024 Earnings Call Transcript
Broadstone Net Lease, Inc. (NYSE:BNL ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Brent Maedl - Director of Corporate Finance and IR John Moragne - CEO Ryan Albano - President and COO Kevin Fennell - CFO Conference Call Participants Eric Borden - BMO Anthony Paolone - JP Morgan Upal Rana - KeyBanc Capital Market Jay Kornreich - Wedbush Securities Caitlin Burrows - Goldman Sachs Ki Bin Kim - Truist Operator Hello, and welcome to the Broadstone Net Lease Third Quarter 2024 Earnings Conference Call. My name is Carla, and I'll be operator today.
Negative
Zacks Investment Research
1 month ago
Broadstone Net Lease, Inc. (BNL) Misses Q3 FFO Estimates
Broadstone Net Lease, Inc. (BNL) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.36 per share a year ago.
Neutral
Business Wire
1 month ago
Broadstone Net Lease Announces Third Quarter 2024 Results
VICTOR, N.Y.--(BUSINESS WIRE)-- #commercialrealestate--Broadstone Net Lease Announces Third Quarter 2024 Results.
Positive
Seeking Alpha
1 month ago
Trick Or Treat: 3 High-Yielding REITs
Armada Hoffler Properties is a high-risk, high-reward REIT with a 7.28% dividend yield, focusing on mixed-use ecosystems in Mid-Atlantic markets. Broadstone Net Lease offers stability with a diversified portfolio, strong balance sheet, and a 6.31% dividend yield, trading discounted to peers. CTO Realty Growth, a small-cap REIT, focuses on retail properties in high-growth sunbelt markets, offering a well-covered 7.81% dividend yield.
Positive
Seeking Alpha
2 months ago
October's 5 Dividend Growth Stocks With 5.10%+ Yields
Dividend growth stocks can offer a passive way to grow your cash flow over time that can be used to pay the bills during retirement. We screen for some attractive names to consider, looking at dividend safety, growth and consistency, highlighting 5 that come with some of the highest yields. This month, we have 3 familiar names that make the screening regularly, but we also have 2 new names that we haven't touched on previously.
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