BTIG Rates Broadstone Net Lease (BNL) buy, $23 Price Target

BTIG analyst Michael Gorman maintains a buy rating on BNL with a $23 target, a 8.70% upside from the current price.

By EarningsIQ Research Desk · Published Jun 26, 2026, 8:01 AM EDT · Updated Jun 30, 2026, 10:01 AM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

BTIG rated Broadstone Net Lease, Inc. ($BNL) "buy" with a $23 price target on June 26, 2026.

Since the rating, $BNL is up 0.8% after 1 week, up 7.0% after 1 month and down 11.9% to date (from the $20.59 close on Jun 26, 2026).

BNL Broadstone Net Lease, Inc.

$18.13 +8.69% year to date

Daily close · Oct 16, 2026

Key Points

BTIG's Michael Gorman reiterated a buy rating on Broadstone Net Lease, Inc. (NYSE:BNL) with a $23 price target on June 26, 2026.
BTIG's $23 price target implies 8.70% upside from Broadstone Net Lease, Inc.'s ($BNL) current $21.16 share price.
Shares of BNL traded near $21.02 on Friday, with a market cap of about $4.03 billion and a P/E ratio of 32.3.
Insiders, including Laurie Hawkes and Jessica Duran, purchased 4,987 shares each on May 1, 2026, while analysts set a mean price target of $22.33.

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BTIG analyst Michael Gorman has reaffirmed his buy rating on Broadstone Net Lease, Inc. (NYSE:BNL), setting a price target of $23. This update was made on June 26, 2026, reflecting BTIG's continued confidence in the real estate investment trust.

Analyst rating track record

BTIG vs. the S&P 500

YTD return -25.78% hypothetical

All-time return +21.52% S&P 500 +38.69%

vs. S&P 500 -17.17% behind the index

Hypothetical returns from BTIG's disclosed trades, not real profit or advice. How we model this.

Broadstone Net Lease, Inc. Stock Up 10.2%

Shares of NYSE:BNL traded near $21.02 on Friday. The company has a market cap of about $4.03 billion and a P/E ratio of 32.3. It has a 52-week low of $15.66 and a high of $21.50. The stock's 50-day moving average is $20.28, while the 200-day moving average is $18.91. Broadstone's beta stands at 0.978, indicating relatively low volatility compared to the market.

12-month forecast

$BNL price target

Broadstone Net Lease, Inc. daily closes and this analyst's $23 target. Not advice.

Recent Earnings

Broadstone Net Lease reported revenue of approximately $466.8 million, reflecting a growth of 11.7%. The company posted an EPS of $0.65 with a net margin of 27.0% and a return on equity of 4.2%. The next earnings report is expected on July 29, 2026.

Dividend

Broadstone Net Lease offers an annual dividend rate of $1.17, yielding 5.54%. Its dividend payout ratio stands at 178.85%, indicating a high portion of earnings being returned to shareholders.

Insider Buying and Selling at Broadstone Net Lease, Inc.

On May 1, 2026, several insiders, including Laurie Hawkes and Jessica Duran, each bought 4,987 shares of Broadstone Net Lease. These transactions were not part of a pre-planned trading program.

Analysts Set New Price Targets

On June 26, 2026, BTIG maintained a buy rating on BNL with a $23 price target. Cantor Fitzgerald also maintained a buy rating with a $22 target on May 4, 2026. The consensus among analysts is a buy recommendation, with an average target price of $22.33 based on nine analyst opinions.

About Broadstone Net Lease, Inc.

Broadstone Net Lease, Inc. is a diversified real estate investment trust (REIT) that focuses on single-tenant commercial properties leased on a long-term basis. Headquartered in Victor, New York, the company operates across industrial, retail, and other property types in the U.S. and Canada. Led by CEO John D. Moragne, Broadstone manages a portfolio of 773 properties.

Bottom Line

BTIG's reaffirmation of its buy rating on Broadstone Net Lease highlights continued confidence in the company's performance. Investors often track such ratings to gauge market sentiment, though it's important to remember these are based on past data and may not reflect current conditions. Broadstone's robust dividend and insider buying activity may also interest investors looking for income and insider confidence.