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BNL Rating Reiterated by JMP Securities with $21 Price Target
ByAinvest
Monday, Sep 29, 2025 10:00 am ET1min read
BNL Rating Reiterated by JMP Securities with Price Target Steady at $21. JMP Securities analyst Mitch Germain reaffirmed his "Market Outperform" rating for Broadstone Net Lease (BNL), with a price target of $21.00. This is the second time Germain has reiterated the rating and price target. The company invests in single-tenant commercial real estate properties with long-term net leases. The average target price for BNL is $19.29, with a high estimate of $21.00 and a low estimate of $16.00, indicating an upside of 6.43% from the current price of $18.12.
Broadstone Net Lease (NYSE: BNL) has announced the pricing of a $350 million aggregate principal amount of 5.000% senior unsecured notes due 2032. The notes were priced at 99.151% of the principal amount and will mature on November 1, 2032. The closing of the offering is expected to occur on September 26, 2025. The company plans to use the proceeds to fund potential acquisition opportunities, repay amounts outstanding under its $1 billion revolving credit facility, term loans, and other indebtedness, and for other general corporate and working capital purposes [1].JMP Securities analyst Mitch Germain has reaffirmed his "Market Outperform" rating for Broadstone Net Lease, with a price target of $21.00. This is the second time Germain has reiterated the rating and price target. The company invests in single-tenant commercial real estate properties with long-term net leases. The average target price for BNL is $19.29, with a high estimate of $21.00 and a low estimate of $16.00, indicating an upside of 6.43% from the current price of $18.12 [2].
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