Key Highlights:
- Broadstone Net Lease (BNL, Financial) focuses on strategic property investments totaling $83.3 million this quarter.
- Analysts predict a potential stock upside of 19.28%, with strong outperform ratings.
- GuruFocus estimates suggest an 8.35% upside based on GF Value metrics.
Investment Activity Overview
Broadstone Net Lease (BNL) has strategically invested $83.3 million this quarter, primarily channeling funds into $54.7 million worth of property acquisitions and earmarking $28.6 million for build-to-suit projects. These activities cumulatively drive this year's total investment to an impressive $171.7 million. Despite these robust moves, pre-market share prices took a hit, shedding 4.15% to settle at $15.25.
Wall Street Analysts Forecast
According to predictions by seven analysts, the one-year average target price for Broadstone Net Lease Inc (BNL, Financial) is $18.71. Price forecasts range between a high of $22.00 and a low of $14.00, suggesting a potential upside of 19.28% from the current price of $15.69. For a deeper dive into this data, visit the Broadstone Net Lease Inc (BNL) Forecast page.
With a consensus from 10 brokerage firms, Broadstone Net Lease Inc's (BNL, Financial) current average brokerage recommendation stands at 2.4, aligning with an "Outperform" status. This rating operates on a scale from 1 to 5, where 1 signifies a Strong Buy, while 5 indicates a Sell.
Insight from GuruFocus Metrics
Utilizing GuruFocus metrics, the estimated GF Value for Broadstone Net Lease Inc (BNL, Financial) projects a one-year target at $17.00, indicating an upside potential of 8.35% from the current trading price of $15.69. The GF Value represents GuruFocus' assessment of a stock's fair trading value, derived from historical trading multiples, past business growth, and anticipated future performance trajectories. For more detailed insights, please refer to the Broadstone Net Lease Inc (BNL) Summary page.
