Broadstone Net Lease (NYSE:BNL – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.410-1.430 for the period, compared to the consensus earnings per share estimate of 1.480. The company issued revenue guidance of -.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on Broadstone Net Lease from $14.50 to $16.00 and gave the company a “sell” rating in a research note on Friday, September 13th. Wedbush started coverage on Broadstone Net Lease in a research note on Monday, August 19th. They set an “outperform” rating and a $20.00 target price for the company. Finally, Truist Financial lifted their price target on shares of Broadstone Net Lease from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Broadstone Net Lease presently has a consensus rating of “Hold” and a consensus target price of $18.25.
Broadstone Net Lease Trading Up 0.7 %
Broadstone Net Lease (NYSE:BNL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.15). The business had revenue of $105.91 million for the quarter, compared to the consensus estimate of $105.95 million. Broadstone Net Lease had a return on equity of 4.86% and a net margin of 36.78%. During the same period in the prior year, the business earned $0.35 earnings per share. As a group, research analysts forecast that Broadstone Net Lease will post 1.39 EPS for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than Broadstone Net Lease
- What are earnings reports?
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Investing in Construction Stocks
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- Following Congress Stock Trades
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for Broadstone Net Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadstone Net Lease and related companies with MarketBeat.com's FREE daily email newsletter.