Trump/Cook, Nissan weakness, more tariffs and gold - what’s moving markets
Investing.com - Goldman Sachs upgraded Broadstone Net Lease (NYSE:BNL) from Sell to Buy and raised its price target to $21.00 from $14.00 on Thursday. The company, which maintains a "GOOD" overall financial health score according to InvestingPro, currently trades at $17.39.
The upgrade reflects Goldman’s confidence in Broadstone’s management following the successful disposition of its healthcare portfolio. The investment bank also cited visible earnings growth from the company’s build-to-suit development pipeline.
Goldman Sachs believes Broadstone’s improved cost of equity will drive further earnings growth through accretive acquisitions. The firm noted that potential credit risks are "well-known and minimal."
The investment bank’s 2026 and 2027 AFFO per share estimates exceed FactSet consensus by 1.8% and 6.3% respectively, projecting an average annual growth rate of 5.6%.
Broadstone currently trades at 11.5 times next-twelve-months AFFO, below both Goldman’s coverage average of 20.2 times and net lease peers at 13.9 times. The new price target represents a potential 30% total return including the 7% dividend yield.
In other recent news, Broadstone Net Lease reported mixed results for its Q2 2025 earnings. The company’s earnings per share (EPS) fell short of expectations, coming in at $0.10 compared to the forecasted $0.18, resulting in a 44.44% negative surprise. Conversely, revenue exceeded projections, reaching $112.99 million against an anticipated $110.75 million, marking a 2.02% positive surprise. In a related development, KeyBanc upgraded Broadstone Net Lease’s stock rating from Sector Weight to Overweight. This upgrade was influenced by Broadstone’s strategic portfolio repositioning, which included $366 million in asset dispositions over the past 18 months, primarily in clinical healthcare. These recent developments highlight the company’s ongoing efforts to optimize its portfolio and financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.