BTIG Reiterates Broadstone Net Lease Buy Recommendation, Analyst Price Forecast Suggests 10.08% Upside

BTIG reiterated a "Buy" recommendation for Broadstone Net Lease (BNL), with a projected annual revenue of $439MM and non-GAAP EPS of 0.65. The average one-year price target is $19.67/share, representing a 10.08% increase from its latest closing price. Institutions own 196,369K shares, with 644 funds or institutions reporting positions, up 4.38% in the last quarter.

Broadstone Net Lease, Inc. (NYSE: BNL) has successfully closed its $350 million senior unsecured notes offering. The notes, priced at 99.151% of their principal amount and due in 2032, were sold to fund potential acquisitions, repay existing debt, and support general corporate and working capital purposes Broadstone Net Lease Announces Closing of $350 Million Senior Notes Offering^[1].

The company, which specializes in single-tenant commercial real estate, intends to use the proceeds to advance its strategic initiatives. The notes are senior unsecured obligations of Broadstone Net Lease, LLC, the company's operating partnership, and are guaranteed by BNL Broadstone Net Lease Announces Closing of $350 Million Senior Notes Offering^[1].

In recent analyst reports, Broadstone Net Lease has received a mix of ratings, with a positive shift in the average price target. BTIG reiterated a "Buy" recommendation, projecting annual revenue of $439 million and non-GAAP EPS of 0.65. The average one-year price target is $19.67 per share, representing a 10.08% increase from its latest closing price Analyst Expectations For Broadstone Net Lease's Future^[2].

Analysts have shown varying opinions on Broadstone Net Lease's future prospects. While some maintain a positive outlook, others have adjusted their ratings based on recent market conditions and company performance Analyst Expectations For Broadstone Net Lease's Future^[2].