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 -3.43% downside from BNL’s last price of $18.64) and a rating consensus of 'Hold', based on 3 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 3 Wall Street analysts in the past 3 months, with a price target range of $18.00 to $18.00. This represents a potential -3.43% downside from BNL's last price of $18.64.
BNL Analyst Ratings
According to 3 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' (33.33%), 2 'Hold' (66.67%), 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 |
|---|---|---|---|---|---|---|
| Aug 16, 2024 | Ki Bin Kim | Truist Financial | $18.00 | $17.50 | 2.86% | -3.43% |
| May 14, 2024 | Ki Bin Kim | Truist Financial | $16.00 | $15.35 | 4.23% | -14.16% |
The latest Broadstone Net Lease stock forecast, released on Aug 16, 2024 by Ki Bin Kim from Truist Financial, set a price target of $18.00, which represents a 2.86% increase from the stock price at the time of the forecast ($17.50), and a -3.43% decrease from BNL last price ($18.64).
Broadstone Net Lease Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $18.00 | $18.00 | $17.00 |
| Last Closing Price | $18.64 | $18.64 | $18.64 |
| Upside/Downside | -3.43% | -3.43% | -8.80% |
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 -3.43% decrease as opposed to Broadstone Net Lease's last price of $18.64. This month's average price target is down 0.00% compared to last quarter, and up 5.88% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 Wedbush on Aug 19, 2024. The company Initialise its BNL rating from "null" to "Outperform".
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 | Jul 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 | - | $93.84M | $92.64M | $122.78M | $84.76M | $82.70M | $82.29M | $80.74M |
| Avg Forecast | $126.37M | $124.47M | $122.57M | $120.67M | $118.83M | $117.12M | $115.42M | $113.72M | $111.64M | $110.34M | $110.95M | $110.28M | $109.24M | $106.45M | $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 | $128.24M | $126.31M | $124.38M | $122.46M | $120.59M | $118.86M | $117.13M | $115.40M | $113.29M | $111.97M | $112.59M | $111.92M | $110.85M | $110.94M | $106.15M | $107.72M | $109.69M | $113.07M | $114.09M | $114.59M | $108.08M | $103.21M | $97.92M | $96.04M | $92.78M | $90.34M | $86.75M | $86.38M | $83.23M | $81.70M |
| Low Forecast | $125.29M | $123.41M | $121.53M | $119.65M | $117.82M | $116.13M | $114.44M | $112.75M | $110.69M | $109.40M | $110.00M | $109.35M | $108.31M | $104.18M | $103.72M | $105.25M | $108.26M | $109.09M | $111.47M | $111.96M | $105.60M | $100.84M | $97.92M | $92.26M | $89.12M | $86.77M | $83.33M | $82.97M | $79.94M | $78.48M |
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 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% | - | 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 | Jul 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 | 3 | 4 | 5 | 4 | 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 | - | $78.84M | $80.32M | $80.52M | $67.53M | $68.73M | $62.28M | $58.91M |
| Avg Forecast | $107.60M | $105.98M | $104.37M | $102.75M | $101.18M | $99.73M | $98.28M | $96.83M | $95.06M | $93.95M | $94.47M | $93.90M | $93.01M | $90.64M | $89.07M | $87.18M | $92.78M | $94.22M | $95.73M | $79.26M | $90.68M | $91.18M | $83.38M | $72.05M | $47.57M | $82.89M | $69.52M | $63.82M | $71.86M | $75.74M |
| High Forecast | $109.19M | $107.55M | $105.91M | $104.27M | $102.68M | $101.21M | $99.73M | $98.26M | $96.47M | $95.35M | $95.87M | $95.30M | $94.39M | $94.46M | $90.39M | $104.62M | $93.40M | $96.28M | $97.15M | $95.11M | $92.03M | $109.42M | $83.38M | $86.46M | $57.09M | $99.47M | $83.42M | $76.58M | $86.23M | $90.88M |
| Low Forecast | $106.69M | $105.08M | $103.48M | $101.88M | $100.32M | $98.88M | $97.45M | $96.01M | $94.25M | $93.16M | $93.67M | $93.11M | $92.23M | $88.71M | $88.31M | $69.75M | $92.19M | $92.89M | $94.92M | $63.41M | $89.92M | $72.95M | $83.38M | $57.64M | $38.06M | $66.31M | $55.61M | $51.06M | $57.49M | $60.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.41% | 0.41% | 1.28% | 1.06% | 0.97% | - | 1.09% | 1.69% | 0.97% | 0.97% | 1.08% | 0.87% | 0.78% |
3 analysts predict BNL's average Quarter EBITDA for Dec 23 to be $92.78M, with a high of $93.40M and a low of $92.19M. This is 140.79% 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 | Jul 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 | 3 | 4 | 5 | 4 | 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 | - | $26.76M | $32.23M | $28.70M | $21.21M | $22.22M | $16.26M | $8.75M |
| Avg Forecast | - | - | - | - | - | - | - | - | $36.35M | $35.36M | $35.36M | $36.35M | $38.93M | $39.48M | $34.90M | $30.22M | $36.74M | $35.77M | $32.87M | $27.47M | $31.71M | $32.50M | $33.52M | $24.97M | $17.94M | $29.54M | $21.84M | $20.64M | $18.76M | $11.25M |
| High Forecast | - | - | - | - | - | - | - | - | $37.05M | $36.05M | $36.05M | $37.05M | $39.68M | $40.24M | $35.58M | $36.26M | $37.44M | $38.01M | $33.50M | $32.97M | $32.33M | $39.00M | $33.52M | $29.97M | $21.53M | $35.45M | $26.21M | $24.76M | $22.52M | $13.50M |
| Low Forecast | - | - | - | - | - | - | - | - | $35.95M | $34.98M | $34.98M | $35.95M | $38.50M | $38.39M | $34.52M | $24.17M | $36.33M | $35.38M | $32.51M | $21.98M | $31.36M | $26.00M | $33.52M | $19.98M | $14.35M | $23.63M | $17.47M | $16.51M | $15.01M | $9.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.77% | 2.41% | 1.43% | 1.10% | 0.83% | - | 1.07% | 1.80% | 0.97% | 0.97% | 1.08% | 0.87% | 0.78% |
Broadstone Net Lease's average Quarter net income forecast for Dec 23 is $36.74M, with a range of $36.33M to $37.44M. BNL's average Quarter net income forecast represents a -42.11% 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 | Jul 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 | 3 | 4 | 5 | 4 | 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 | - | $8.83M | $8.53M | $8.55M | $8.65M | $10.63M | $9.23M | $7.21M |
| Avg Forecast | $12.47M | $12.28M | $12.09M | $11.91M | $11.73M | $11.56M | $11.39M | $11.22M | $11.02M | $10.89M | $10.95M | $10.88M | $10.78M | $10.50M | $10.32M | $9.97M | $10.75M | $10.92M | $11.09M | $9.06M | $10.51M | $9.68M | $9.66M | $8.24M | $5.05M | $8.80M | $8.91M | $9.87M | $10.65M | $9.28M |
| High Forecast | $12.65M | $12.46M | $12.27M | $12.08M | $11.90M | $11.73M | $11.56M | $11.39M | $11.18M | $11.05M | $11.11M | $11.04M | $10.94M | $10.95M | $10.48M | $11.96M | $10.82M | $11.16M | $11.26M | $10.88M | $10.67M | $11.62M | $9.66M | $9.89M | $6.06M | $10.56M | $10.69M | $11.85M | $12.78M | $11.13M |
| Low Forecast | $12.36M | $12.18M | $11.99M | $11.81M | $11.63M | $11.46M | $11.29M | $11.13M | $10.92M | $10.80M | $10.86M | $10.79M | $10.69M | $10.28M | $10.23M | $7.98M | $10.68M | $10.77M | $11.00M | $7.25M | $10.42M | $7.75M | $9.66M | $6.59M | $4.04M | $7.04M | $7.13M | $7.90M | $8.52M | $7.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.85% | 1.15% | 0.89% | 1.03% | - | 1.07% | 1.69% | 0.97% | 0.97% | 1.08% | 0.87% | 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 | Jul 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 | 3 | 4 | 5 | 4 | 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 | - | $0.16 | $0.20 | $0.18 | $0.14 | $0.15 | $0.11 | $0.08 |
| Avg Forecast | - | - | - | - | - | - | - | - | $0.18 | $0.18 | $0.18 | $0.18 | $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 | - | - | - | - | - | - | - | - | $0.19 | $0.18 | $0.18 | $0.19 | $0.20 | $0.20 | $0.18 | $0.18 | $0.19 | $0.19 | $0.17 | $0.15 | $0.16 | $0.17 | $0.17 | $0.16 | $0.15 | $0.16 | $0.14 | $0.15 | $0.12 | $0.15 |
| Low Forecast | - | - | - | - | - | - | - | - | $0.18 | $0.18 | $0.18 | $0.18 | $0.20 | $0.20 | $0.18 | $0.17 | $0.18 | $0.18 | $0.17 | $0.15 | $0.16 | $0.17 | $0.17 | $0.16 | $0.14 | $0.15 | $0.14 | $0.14 | $0.12 | $0.14 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.87% | 2.51% | 1.41% | 1.24% | 0.95% | - | 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 $0.19. 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 | $5.91 | $10.83 | 83.25% | Buy |
| CTO | CTO Realty Growth | $19.06 | $25.67 | 34.68% | Buy |
| AHH | Armada Hoffler Properties | $11.97 | $12.75 | 6.52% | Buy |
| BNL | Broadstone Net Lease | $18.64 | $18.00 | -3.43% | Hold |
| EPRT | Essential Properties Realty Trust | $32.81 | $30.33 | -7.56% | Buy |
BNL Forecast FAQ
Is Broadstone Net Lease a good buy?
No, according to 3 Wall Street analysts, Broadstone Net Lease (BNL) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of BNL's total ratings.
What is BNL's price target?
Broadstone Net Lease (BNL) average price target is $18 with a range of $18 to $18, implying a -3.43% from its last price of $18.64. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Broadstone Net Lease stock go up soon?
According to Wall Street analysts' prediction for BNL stock, the company can go down by -3.43% (from the last price of $18.64 to the average price target of $18), down by -3.43% based on the highest stock price target, and down by -3.43% based on the lowest stock price target.
Can Broadstone Net Lease stock reach $30?
BNL's average twelve months analyst stock price target of $18 does not support the claim that Broadstone Net Lease can reach $30 in the near future.
What is Broadstone Net Lease's current price target trend?
1 Wall Street analyst forecast a $18 price target for Broadstone Net Lease (BNL) this month, down -3.43% from its last price of $18.64. Compared to the last 3 and 12 months, the average price target decreased by -3.43% and decreased by -8.80%, respectively.
What are Broadstone Net Lease's analysts' financial forecasts?
Broadstone Net Lease's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $465.08M (high $471.97M, low $461.14M), average EBITDA is $396.02M (high $401.89M, low $392.66M), average net income is $0 (high $0, low $0), average SG&A $45.89M (high $46.57M, low $45.51M), and average EPS is $0 (high $0, low $0). BNL's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $494.07M (high $501.39M, low $489.88M), average EBITDA is $420.7M (high $426.94M, low $417.13M), average net income is $0 (high $0, low $0), average SG&A $48.75M (high $49.48M, low $48.34M), and average EPS is $0 (high $0, low $0).
Did the BNL's actual financial results beat the analysts' financial forecasts?
Based on Broadstone Net Lease's last annual report (Dec 2022), the company's revenue was $407.51M, beating the average analysts forecast of $400.78M by 1.68%. Apple's EBITDA was $354.1M, beating the average prediction of $337.3M by 4.98%. The company's net income was $122.12M, missing the average estimation of $122.71M by -0.48%. Apple's SG&A was $37.38M, missing the average forecast of $38.1M by -1.89%. Lastly, the company's EPS was $0.72, beating the average prediction of $0.66 by 9.09%. In terms of the last quarterly report (Sep 2023), Broadstone Net Lease's revenue was $109.54M, missing the average analysts' forecast of $110.65M by -1.00%. The company's EBITDA was $38.53M, missing the average prediction of $94.22M by -59.10%. Broadstone Net Lease's net income was $63.46M, beating the average estimation of $35.77M by 77.40%. The company's SG&A was $10.14M, missing the average forecast of $10.92M by -7.11%. Lastly, the company's EPS was $0.34, beating the average prediction of $0.182 by 86.73%