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BNLBroadstone Net Lease, Inc.Sell5.8·$21.05+0.74%
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Broadstone Net Lease, Inc. (BNL) Stock Analysis

Breakout setup

SellModerate Confidence

Real Estate · REIT - Diversified

Sell if holding. Analyst target reached at $21.05 — A.R:R is negative (-1.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: industrial properties (61.9%).

Broadstone Net Lease is an industrial-focused net lease REIT with 771 properties (~63M sq ft) across 44 US states and 4 Canadian provinces under single-tenant commercial net leases. The portfolio generates $428.8M ABR at 99.8% occupancy with industrial properties comprising... Read more

$21.05+0.1% A.UpsideScore 5.8/10#2 of 7 REIT - Diversified
QualityF-score8 / 9FCF yield5.76%
IncomeYield5.57%(5y avg 6.13%)Payout178.85%
Stop $20.27Target $21.07(resistance)A.R:R -1.1:1
Analyst target$22.20+5.5%10 analysts
$21.07our TP
$21.05price
$22.20mean
$20
$24

Sell if holding. Analyst target reached at $21.05 — A.R:R is negative (-1.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: industrial properties (61.9%). Chart setup: Golden cross, above all MAs, RSI 63, MACD bullish. Score 5.8/10, moderate confidence.

Passes 6/7 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 47d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-06-12
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Wed, Jul 29, 202647d to earnings· next earnings call

Thesis

Rewards
High-quality business
Strong growth profile
Risks
Concentration risk — Property Type: industrial properties (61.9%)
Analyst target reached - limited upside remaining
Near 52-week high (2.1% away)

Key Metrics

P/E (TTM)32.2
P/E (Fwd)25.7
Mkt Cap$4.2B
EV/EBITDA16.9
Profit Mgn27.0%
ROE4.2%
Rev Growth11.7%
Beta0.98
Dividend5.57%
Rating analysts14

Quality Signals

Piotroski F8/9MoatNarrow

Options Flow

P/C1.08bearish
IV98%elevated

Concentration Risks(10-K Item 1A)

  • HIGHPropertyindustrial properties62%
    10-K Item 1A: 'approximately 61.9% of our ABR came from industrial properties and 30.1% from retail properties'
  • MEDIUMPropertyretail properties30%
    10-K Item 1A: 'approximately 61.9% of our ABR came from industrial properties and 30.1% from retail properties'
  • MEDIUMGeographictop-5 states35%
    10-K Item 1A: 'approximately 35.4% of our ABR came from properties in our top five states: Texas (10.2%), Michigan (8.6%), Florida (5.9%), Illinois (5.4%), and California (5.3%)'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

10 dimensions · all in-band

GatesA.R:R -1.1=NEGATIVEMomentum 6.3>=5.5Insider activity: OKNo SEC red flagsEARNINGS PROXIMITY 47d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARBreakoutSuitability: Aggressive
RSI
63 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $19.54Resistance $21.50

Price Targets

$20
$21
A.Upside+0.1%
A.R:R-1.1:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-8.2% upside)
! NEWS_MOD=-1: HOLD_IF_HOLDING → SELL_IF_HOLDING
! Negative risk/reward — downside exceeds upside

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-07-29 (47d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is BNL stock a buy right now?

Sell if holding. Analyst target reached at $21.05 — A.R:R is negative (-1.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: industrial properties (61.9%). Chart setup: Golden cross, above all MAs, RSI 63, MACD bullish. Prior stop was $20.27. Score 5.8/10, moderate confidence.

What is the BNL stock price target?

Take-profit target: $21.07 (+0.1% upside). Prior stop was $20.27. Stop-loss: $20.27.

What are the risks of investing in BNL?

Concentration risk — Property Type: industrial properties (61.9%); Analyst target reached - limited upside remaining; Near 52-week high (2.1% away).

Is BNL overvalued or undervalued?

Broadstone Net Lease, Inc. trades at a P/E of 32.2 (forward 25.7). TrendMatrix value score: 4.2/10. Verdict: Sell.

What do analysts say about BNL?

14 analysts cover BNL with a consensus score of 4.0/5. Average price target: $22.

What does Broadstone Net Lease, Inc. do?Broadstone Net Lease is an industrial-focused net lease REIT with 771 properties (~63M sq ft) across 44 US states and 4...

Broadstone Net Lease is an industrial-focused net lease REIT with 771 properties (~63M sq ft) across 44 US states and 4 Canadian provinces under single-tenant commercial net leases. The portfolio generates $428.8M ABR at 99.8% occupancy with industrial properties comprising 61.9% and retail 30.1% of ABR. No single tenant exceeds 3.9% of ABR across 206 commercial tenants.

Related stocks: VICI (VICI Properties Inc.) · WPC (W. P. Carey Inc. REIT) · AAT (American Assets Trust, Inc.) · SAFE (Safehold Inc. New) · ESRT (Empire State Realty Trust, Inc.)
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