Broadstone Net Lease (NYSE:BNL – Get Rating) had its price objective dropped by investment analysts at Truist Financial from $25.00 to $22.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Truist Financial’s price target points to a potential upside of 9.07% from the company’s current price.
Separately, The Goldman Sachs Group cut their price target on Broadstone Net Lease from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, June 15th.
Shares of NYSE BNL opened at $20.17 on Tuesday. The business’s 50 day moving average price is $20.83 and its 200-day moving average price is $22.12. Broadstone Net Lease has a fifty-two week low of $18.96 and a fifty-two week high of $28.00. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 30.10 and a beta of 1.06.
A number of institutional investors have recently bought and sold shares of BNL. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Broadstone Net Lease during the first quarter worth about $35,000. First Mercantile Trust Co. acquired a new stake in shares of Broadstone Net Lease during the 3rd quarter valued at approximately $152,000. Bridgefront Capital LLC acquired a new stake in shares of Broadstone Net Lease during the 4th quarter valued at approximately $203,000. Integrated Wealth Concepts LLC acquired a new position in shares of Broadstone Net Lease during the 1st quarter worth approximately $203,000. Finally, Neuberger Berman Group LLC acquired a new position in shares of Broadstone Net Lease during the 3rd quarter worth approximately $205,000. Institutional investors own 78.66% of the company’s stock.
About Broadstone Net Lease (Get Rating)
BNL is an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting.
- Get a free copy of the StockNews.com research report on Broadstone Net Lease (BNL)
- Quest Diagnostic Stock is Ready to Move Higher
- MarketBeat Podcast: How To Navigate The Market Downturn Like A Pro
- Cracks Form In Adobe’s Growth Outlook
- Chewy Stock is Not All Bark and No Bite
- PEG Ratio Pegs These 3 Stocks as Long-Term Buys
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
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.