Broadstone Net Lease (BNL) Stock Forecast, Price Target & Predictions
BNL Stock Forecast
Broadstone Net Lease stock forecast is as follows: an average price target of $18.00 (represents a 4.77% upside from BNL’s last price of $17.18) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.
BNL Price Target
The average price target for Broadstone Net Lease (BNL) is $18.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $18.00 to $18.00. This represents a potential 4.77% upside from BNL's last price of $17.18.
BNL Analyst Ratings
According to 4 Wall Street analysts, Broadstone Net Lease's rating consensus is 'Hold'. The analyst rating breakdown for BNL stock is 0 'Strong Buy' (0.00%), 1 'Buy' (25.00%), 3 'Hold' (75.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Broadstone Net Lease Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 14, 2024 | Michael Goldsmith | UBS | $18.00 | $17.02 | 5.76% | 4.77% |
| Aug 16, 2024 | Ki Bin Kim | Truist Financial | $18.00 | $17.50 | 2.86% | 4.77% |
| May 14, 2024 | Ki Bin Kim | Truist Financial | $16.00 | $15.35 | 4.23% | -6.87% |
The latest Broadstone Net Lease stock forecast, released on Nov 14, 2024 by Michael Goldsmith from UBS, set a price target of $18.00, which represents a 5.76% increase from the stock price at the time of the forecast ($17.02), and a 4.77% increase from BNL last price ($17.18).
Broadstone Net Lease Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 3 |
| Avg Price Target | $18.00 | $18.00 | $17.33 |
| Last Closing Price | $17.18 | $17.18 | $17.18 |
| Upside/Downside | 4.77% | 4.77% | 0.87% |
In the current month, the average price target of Broadstone Net Lease stock is $18.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 4.77% increase as opposed to Broadstone Net Lease's last price of $17.18. This month's average price target is down 0.00% compared to last quarter, and up 3.87% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 14, 2024 | UBS | - | Neutral | Initialise |
| Aug 19, 2024 | Wedbush | - | Outperform | Initialise |
| Jun 11, 2024 | KeyBanc | - | Sector Weight | Initialise |
| Apr 08, 2024 | Wolfe Research | Outperform | Peer Perform | Downgrade |
| Oct 17, 2023 | Wolfe Research | - | Outperform | Upgrade |
| Aug 01, 2023 | BMO Capital | Outperform | Market Perform | Downgrade |
| Sep 27, 2022 | BMO Capital | Outperform | Outperform | Hold |
Broadstone Net Lease's last stock rating was published by UBS on Nov 14, 2024. The company Initialise its BNL rating from "null" to "Neutral".
Broadstone Net Lease Financial Forecast
Broadstone Net Lease Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $109.54M | $109.35M | $118.99M | $112.14M | $103.52M | $98.01M | $93.84M | $92.64M | $122.78M | $84.76M | $82.70M | $82.29M | $80.74M |
| Avg Forecast | $131.87M | $128.86M | $125.97M | $123.09M | $122.55M | $119.60M | $116.96M | $114.47M | $111.98M | $110.65M | $109.51M | $109.00M | $108.60M | $106.54M | $104.60M | $106.15M | $108.97M | $110.65M | $112.42M | $112.92M | $106.50M | $101.70M | $97.92M | $94.66M | $91.44M | $89.03M | $85.50M | $85.13M | $82.02M | $80.52M |
| High Forecast | $137.56M | $134.42M | $131.41M | $128.39M | $127.83M | $124.76M | $122.00M | $119.40M | $116.81M | $115.42M | $114.23M | $113.72M | $113.80M | $106.72M | $104.60M | $106.15M | $109.69M | $113.07M | $117.27M | $117.78M | $111.09M | $101.70M | $97.92M | $94.66M | $91.44M | $89.03M | $85.50M | $85.13M | $82.02M | $80.52M |
| Low Forecast | $126.24M | $123.36M | $120.59M | $117.83M | $117.31M | $114.49M | $111.97M | $109.58M | $107.20M | $105.92M | $104.83M | $103.89M | $103.60M | $106.36M | $104.60M | $106.15M | $108.26M | $109.09M | $107.62M | $108.09M | $101.95M | $101.70M | $97.92M | $94.66M | $91.44M | $89.03M | $85.50M | $85.13M | $82.02M | $80.52M |
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.97% | 1.05% | 1.05% | 1.02% | 1.00% | 0.99% | 1.01% | 1.38% | 0.99% | 0.97% | 1.00% | 1.00% |
Broadstone Net Lease's average Quarter revenue forecast for Dec 23 based on 3 analysts is $108.97M, with a low forecast of $108.26M, and a high forecast of $109.69M. BNL's average Quarter revenue forecast represents a -0.53% decrease compared to the company's last Quarter revenue of $109.54M (Sep 23).
Broadstone Net Lease EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $38.53M | $39.03M | $101.36M | $95.71M | $88.73M | $85.28M | $78.84M | $80.32M | $80.52M | $67.53M | $68.73M | $62.28M | $58.91M |
| Avg Forecast | $115.75M | $113.11M | $110.57M | $108.04M | $107.57M | $104.98M | $102.66M | $100.47M | $98.29M | $97.12M | $96.12M | $95.67M | $95.32M | $93.52M | $91.81M | $87.18M | $95.64M | $97.12M | $98.68M | $79.26M | $52.33M | $86.60M | $83.38M | $72.05M | $77.86M | $75.81M | $72.80M | $63.82M | $69.84M | $75.74M |
| High Forecast | $120.74M | $117.99M | $115.34M | $112.70M | $112.20M | $109.50M | $107.09M | $104.80M | $102.53M | $101.31M | $100.27M | $99.82M | $99.89M | $93.68M | $91.81M | $104.62M | $96.28M | $99.24M | $102.93M | $95.11M | $62.80M | $86.60M | $83.38M | $86.46M | $77.86M | $75.81M | $72.80M | $76.58M | $69.84M | $90.88M |
| Low Forecast | $110.81M | $108.28M | $105.85M | $103.42M | $102.97M | $100.49M | $98.28M | $96.18M | $94.09M | $92.97M | $92.02M | $91.19M | $90.93M | $93.36M | $91.81M | $69.75M | $95.03M | $95.75M | $94.46M | $63.41M | $41.87M | $86.60M | $83.38M | $57.64M | $77.86M | $75.81M | $72.80M | $51.06M | $69.84M | $60.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.40% | 0.40% | 1.28% | 1.83% | 1.02% | 1.02% | 1.09% | 1.03% | 1.06% | 0.93% | 1.08% | 0.89% | 0.78% |
3 analysts predict BNL's average Quarter EBITDA for Dec 23 to be $95.64M, with a high of $96.28M and a low of $95.03M. This is 148.21% upper than Broadstone Net Lease's previous annual EBITDA (Sep 23) of $38.53M.
Broadstone Net Lease Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $63.46M | $79.23M | $39.30M | $34.73M | $27.11M | $33.52M | $26.76M | $32.23M | $28.70M | $21.21M | $22.22M | $16.26M | $8.75M |
| Avg Forecast | - | - | - | - | $42.53M | $39.79M | $40.32M | $39.30M | $37.68M | $36.86M | $36.25M | $37.05M | $38.68M | $39.68M | $34.99M | $30.22M | $36.82M | $35.86M | $32.95M | $27.47M | $19.74M | $32.92M | $33.53M | $24.97M | $28.75M | $30.87M | $27.49M | $20.64M | $23.88M | $11.25M |
| High Forecast | - | - | - | - | $44.91M | $42.02M | $42.58M | $41.50M | $39.79M | $38.93M | $38.28M | $39.13M | $40.85M | $41.90M | $35.02M | $36.26M | $38.89M | $38.10M | $34.80M | $32.97M | $23.68M | $32.92M | $33.53M | $29.97M | $28.75M | $30.87M | $27.49M | $24.76M | $23.88M | $13.50M |
| Low Forecast | - | - | - | - | $40.17M | $37.58M | $38.08M | $37.12M | $35.59M | $34.81M | $34.24M | $34.99M | $37.64M | $37.48M | $34.95M | $24.17M | $34.78M | $33.87M | $31.12M | $21.98M | $15.79M | $32.92M | $33.53M | $19.98M | $28.75M | $30.87M | $27.49M | $16.51M | $23.88M | $9.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.77% | 2.40% | 1.43% | 1.76% | 0.82% | 1.00% | 1.07% | 1.12% | 0.93% | 0.77% | 1.08% | 0.68% | 0.78% |
Broadstone Net Lease's average Quarter net income forecast for Dec 23 is $36.82M, with a range of $34.78M to $38.89M. BNL's average Quarter net income forecast represents a -41.98% decrease compared to the company's last Quarter net income of $63.46M (Sep 23).
Broadstone Net Lease SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $10.14M | $9.48M | $10.42M | $9.32M | $9.94M | $9.29M | $8.83M | $8.53M | $8.55M | $8.65M | $10.63M | $9.23M | $7.21M |
| Avg Forecast | $13.01M | $12.72M | $12.43M | $12.15M | $12.09M | $11.80M | $11.54M | $11.30M | $11.05M | $10.92M | $10.81M | $10.76M | $10.72M | $10.51M | $10.32M | $9.97M | $10.75M | $10.92M | $11.09M | $9.06M | $5.56M | $10.04M | $9.66M | $8.24M | $9.02M | $8.79M | $8.44M | $9.87M | $8.09M | $9.28M |
| High Forecast | $13.57M | $13.26M | $12.97M | $12.67M | $12.61M | $12.31M | $12.04M | $11.78M | $11.53M | $11.39M | $11.27M | $11.22M | $11.23M | $10.53M | $10.32M | $11.96M | $10.82M | $11.16M | $11.57M | $10.88M | $6.67M | $10.04M | $9.66M | $9.89M | $9.02M | $8.79M | $8.44M | $11.85M | $8.09M | $11.13M |
| Low Forecast | $12.46M | $12.17M | $11.90M | $11.63M | $11.58M | $11.30M | $11.05M | $10.81M | $10.58M | $10.45M | $10.34M | $10.25M | $10.22M | $10.50M | $10.32M | $7.98M | $10.68M | $10.77M | $10.62M | $7.25M | $4.44M | $10.04M | $9.66M | $6.59M | $9.02M | $8.79M | $8.44M | $7.90M | $8.09M | $7.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.85% | 1.15% | 1.68% | 0.99% | 0.96% | 1.07% | 0.94% | 0.97% | 1.03% | 1.08% | 1.14% | 0.78% |
Broadstone Net Lease's average Quarter SG&A projection for Dec 23 is $10.75M, based on 3 Wall Street analysts, with a range of $10.68M to $10.82M. The forecast indicates a 6.01% rise compared to BNL last annual SG&A of $10.14M (Sep 23).
Broadstone Net Lease EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 5 | 4 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.34 | $0.42 | $0.21 | $0.20 | $0.16 | $0.20 | $0.16 | $0.20 | $0.18 | $0.14 | $0.15 | $0.11 | $0.08 |
| Avg Forecast | - | - | - | - | $0.22 | $0.20 | $0.20 | $0.20 | $0.19 | $0.19 | $0.18 | $0.19 | $0.20 | $0.20 | $0.18 | $0.18 | $0.19 | $0.18 | $0.17 | $0.15 | $0.16 | $0.17 | $0.17 | $0.16 | $0.15 | $0.16 | $0.14 | $0.14 | $0.12 | $0.15 |
| High Forecast | - | - | - | - | $0.23 | $0.21 | $0.22 | $0.21 | $0.20 | $0.20 | $0.19 | $0.20 | $0.21 | $0.21 | $0.18 | $0.18 | $0.20 | $0.19 | $0.18 | $0.16 | $0.17 | $0.17 | $0.17 | $0.16 | $0.15 | $0.16 | $0.14 | $0.14 | $0.12 | $0.15 |
| Low Forecast | - | - | - | - | $0.20 | $0.19 | $0.19 | $0.19 | $0.18 | $0.18 | $0.17 | $0.18 | $0.19 | $0.19 | $0.18 | $0.18 | $0.18 | $0.17 | $0.16 | $0.14 | $0.15 | $0.17 | $0.17 | $0.16 | $0.15 | $0.16 | $0.14 | $0.14 | $0.12 | $0.15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.87% | 2.51% | 1.41% | 1.24% | 0.95% | 1.17% | 1.00% | 1.37% | 1.15% | 1.00% | 1.05% | 0.90% | 0.55% |
According to 3 Wall Street analysts, Broadstone Net Lease's projected average Quarter EPS for Dec 23 is $0.19, with a low estimate of $0.18 and a high estimate of $0.20. This represents a -45.01% decrease compared to BNL previous annual EPS of $0.34 (Sep 23).
Broadstone Net Lease Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| BRSP | BrightSpire Capital | $6.18 | $10.83 | 75.24% | Buy |
| CTO | CTO Realty Growth | $19.66 | $25.00 | 27.16% | Buy |
| AHH | Armada Hoffler Properties | $10.89 | $12.75 | 17.08% | Buy |
| BNL | Broadstone Net Lease | $17.18 | $18.00 | 4.77% | Hold |
| EPRT | Essential Properties Realty Trust | $33.50 | $32.56 | -2.81% | Buy |