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

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

Broadstone Net Lease Stock Performance

NYSE BNL opened at $15.49 on Wednesday. The stock has a market capitalization of $2.92 billion, a PE ratio of 20.38 and a beta of 1.11. The stock has a 50-day simple moving average of $16.03 and a 200 day simple moving average of $17.27. Broadstone Net Lease has a twelve month low of $14.20 and a twelve month high of $19.15.

Wall Street Analysts Forecast Growth

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

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.