Broadstone Net Lease (BNL) Expected to Announce Quarterly Earnings on Wednesday

Broadstone Net Lease (NYSE:BNL) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $109.80 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Broadstone Net Lease Stock Performance

Shares of BNL stock opened at $15.33 on Monday. Broadstone Net Lease has a fifty-two week low of $14.20 and a fifty-two week high of $19.15. The stock has a 50 day moving average price of $15.93 and a two-hundred day moving average price of $17.21. The company has a market capitalization of $2.89 billion, a P/E ratio of 20.16 and a beta of 1.11.

Wall Street Analysts Forecast Growth

BNL has been the subject of several recent research reports. UBS Group initiated coverage on Broadstone Net Lease in a research report on Thursday, November 14th. They issued a “neutral” rating and a $18.00 price objective for the company. JMP Securities upgraded Broadstone Net Lease from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Tuesday, December 17th. Finally, Citizens Jmp upgraded Broadstone Net Lease from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.60.

Broadstone Net Lease Company Profile

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.