Analysts' ratings for Broadstone Net Lease (NYSE:BNL) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 2 | 0 | 1 |
| Last 30D | 0 | 0 | 0 | 0 | 1 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Broadstone Net Lease, presenting an average target of $17.0, a high estimate of $19.00, and a low estimate of $14.00. This current average has decreased by 2.86% from the previous average price target of $17.50.
Decoding Analyst Ratings: A Detailed Look
The perception of Broadstone Net Lease by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Caitlin Burrows | Goldman Sachs | Announces | Sell | $14.00 | - |
| Ki Bin Kim | Truist Securities | Lowers | Hold | $17.00 | $18.00 |
| Ki Bin Kim | Truist Securities | Raises | Hold | $18.00 | $17.00 |
| Anthony Paolone | JP Morgan | Announces | Overweight | $19.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Broadstone Net Lease. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Broadstone Net Lease compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Broadstone Net Lease's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of Broadstone Net Lease's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Broadstone Net Lease analyst ratings.
Unveiling the Story Behind Broadstone Net Lease
Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.
Broadstone Net Lease's Financial Performance
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Decline in Revenue: Over the 3 months period, Broadstone Net Lease faced challenges, resulting in a decline of approximately -6.36% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Broadstone Net Lease's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 6.04%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Broadstone Net Lease's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.21%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Broadstone Net Lease's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.12%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.63, Broadstone Net Lease adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.