BTIG analyst Michael Gorman maintained a Buy rating on Broadstone Net Lease (BNL – Research Report) on January 5 and set a price target of $22.00. The company’s shares closed last Friday at $16.73.
Gorman covers the Real Estate sector, focusing on stocks such as Agree Realty, CTO Realty Growth, and Centerspace. According to TipRanks, Gorman has an average return of 2.3% and a 44.72% success rate on recommended stocks.
Currently, the analyst consensus on Broadstone Net Lease is a Moderate Buy with an average price target of $18.75.
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Based on Broadstone Net Lease’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $109.54 million and a net profit of $49.68 million. In comparison, last year the company earned a revenue of $103.52 million and had a net profit of $27.11 million
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Broadstone Net Lease (BNL) Company Description:
Broadstone Net Lease Inc is a real estate investment trust. It acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis. The company invests in industrial, healthcare, restaurant, office, and retail properties.
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