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Income investors entered the second half of 2026 with a familiar problem: plenty of headline yields, not enough sustainable ones. The five names below screen for dividend or distribution durability first and headline yield second, spanning a net-lease REIT, a manufactured-housing landlord, an urban lodging owner, a midstream MLP, and a technology-forward SBA lender. Each carries a live yield in the 5% neighborhood and earnings power that supports the payout.
Broadstone Net Lease (BNL) Broadstone Net Lease (NYSE:BNL) is an industrial-tilted diversified net-lease REIT with 771 properties across 44 US states and 4 Canadian provinces, 99.8% occupancy, and a 9.6-year weighted average lease term. Shares closed at $21.62 on July 8, and the annualized $1.17 payout carries a trailing yield of 5.51%.
The bull case is coverage. Q1 2026 AFFO came in at $0.38 per diluted share, up 5.6% year over year, and management reaffirmed full-year AFFO guidance of $1.53 to $1.57, comfortably above the dividend. CEO John Moragne called the year “off to a great start”, and the build-to-suit pipeline includes a $30.4M Tesla battery recycling facility and a $49.7M Amazon build-to-suit. Analyst sentiment leans bullish with a composite score of 64.36.
Risk: Net Debt/EBITDAre climbed to 6.1x from 5.1x a year ago, with 21.9% floating-rate debt pushing interest expense to $25.3M from $20.1M.
UMH Properties (UMH) UMH Properties (NYSE:UMH) owns roughly 11,200 rental homes across a manufactured-housing portfolio. Shares last traded at $15.34, with an annualized common dividend of $0.90 after a 4.7% raise, the fifth consecutive annual increase.
Fundamentals turned in Q1. Revenue rose 8% year over year to $65.84M, same-property occupancy expanded 110 basis points to 89.0%, and monthly rent per site climbed 4.9% to $581. Same-property NOI grew 7.1% to $34.9M. Management guided 2026 normalized FFO to $0.98 to $1.04, with CEO Samuel Landy targeting 700 to 800 new rental homes and 300-plus developed sites this year. News sentiment scores bullish at 60.37.
Risk: The FFO payout is tight against $1.01 midpoint guidance, leverage has expanded (net debt to total market cap 31.2%, up from 23.1%), and Q1 included a $36.4M loss on marketable securities.
RLJ Lodging Trust (RLJ) RLJ Lodging Trust (NYSE:RLJ | RLJ Price Prediction) is an urban-focused hotel REIT trading at $11.34 with a $0.60 annualized dividend. Q1 2026 was the inflection: adjusted FFO of $0.33 per diluted share against a consensus of negative $0.08, on revenue of $339.98M. Comparable RevPAR rose 4.8% to $148.55, and Hotel EBITDA margins expanded 45 basis points to 26.4%.
Management raised 2026 AFFO guidance to $1.29 to $1.45, and the board authorized a $250M repurchase program. AFFO comfortably covers the payout. CEO Leslie Hale flagged “sustained strength in business transient” and catalysts from the FIFA World Cup and America’s 250th Anniversary.
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Risk: Lodging is cyclical, and the current $0.60 payout remains well below the pre-COVID $1.32 annualized level. In an economic downturn, things could get rough.
Sunoco LP (SUN) Sunoco LP (NYSE:SUN) is a fuel-distribution and midstream MLP trading at $68.75. The current distribution yield is 5.55% after a 6.25% raise to $0.9899 per unit, the sixth consecutive increase.
Q1 2026 was transformational thanks to the Parkland deal. Revenue more than doubled to $10.69B (+106.4% YoY), EPS printed $2.85, and Fuel Distribution Adjusted EBITDA hit $529M versus $220M a year ago on 3.8B gallons sold at 17.0 cents-per-gallon margin. Management targets full-year Adjusted EBITDA of $3.10B to $3.30B and long-term distribution growth of at least 5% annually.
Risk: Net debt to Adjusted EBITDA sits near 4.0x against roughly $13.9B in long-term debt. And unitholders receive a K-1, which complicates tax filing. That’s not a risk, just a possible annoyance!
NewtekOne (NEWT) NewtekOne (NASDAQ:NEWT) is a technology-enabled financial holding company pairing Newtek Bank with the largest non-bank SBA 7(a) lender. Shares last traded at $14.40, with a common dividend annualized at $0.76.
Q1 2026 diluted EPS of $0.43 grew 23% year over year, net interest income expanded 23.6% to $17.2M, and Newtek Bank deposits nearly doubled to roughly $1.9B. ROAA of 1.96% and ROTCE of 14.8% give the modest payout meaningful cushion. Management reaffirmed 2026 EPS guidance of $2.15 to $2.55 and set a 2027 target of $2.40 to $2.80. CEO Barry Sloane said the company “entered 2026 with tremendous momentum”. Composite sentiment is the most bullish of the group at 67.60.
Risk: The loan book is young, nonperforming loans at Newtek Bank sit near $54M, and Q1 provision for credit losses was $9.6M. SBA concentration remains a credit variable to monitor.
These are all strong dividends with real businesses behind them, which is a good sign. And like any business, there’s always risk! So it’s worth considering all the factors above when thinking about building a durable income portfolio.
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SummaryThis is an auspicious time to invest in REITs outyielding the no-risk rate by 100 bps or more.This article presents 3 Net Lease REITs that offer compelling yields, strong balance sheets, positive growth prospects, and favorable valuations.All 3 companies demonstrate superb occupancy, stable triple-net lease structures, and steady dividend growth, with yields outpacing Treasuries by 100 - 200 basis points.Key risks include potential macro headwinds such as recession or rising rates.Looking for a portfolio of ideas like this one? Members of iREIT®+HOYA Capital get exclusive access to our subscriber-only portfolios. Learn More » Getty Images
This continues to be an auspicious time to invest in REITs, particularly those that outyield the no-risk rate by 100 bps or more, and/or enjoy a favorable supply/demand environment. Despite . . .
the rise in the 3K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of BNL, EPR, GTY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
A Buy, Sell, or Hold rating in this article does not constitute a Buy, Sell, or Hold recommendation. All investors should exercise their own due diligence, before investing in any stock.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today announced that it will release its financial and operating results for the quarter ended June 30, 2026, after the market closes on Wednesday, July 29, 2026. The Company will host its earnings conference call and audio webcast on Thursday, July 30, 2026, at 11:00 a.m. Eastern Time.
Conference Call and Webcast Details
To access the live webcast, which will be available in listen-only mode, please visit: https://events.q4inc.com/attendee/863656141. If you prefer to listen via phone, U.S. participants may dial: 1-833-461-5787 (toll free) or 1-585-542-9983 (local), meeting ID: 863 656 141. Analysts may pre-register with the following link: https://events.q4inc.com/analyst/863656141?pwd=10S710iX. A unique code will be provided to use when dialing in.
A replay of the conference call webcast will be available approximately one hour after the conclusion of the live broadcast. To listen to a replay of the call via the web, which will be available for one year, please visit: https://investors.bnl.broadstone.com.
About Broadstone Net Lease, Inc.
BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of March 31, 2026, BNL’s diversified portfolio consisted of 773 individual net leased commercial properties with 766 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types.
Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies, and prospects, both business and financial. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “outlook,” “potential,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “projects,” “predicts,” “expect,” “intends,” “anticipates,” “estimates,” “plans,” “would be,” “believes,” “continues,” or the negative version of these words or other comparable words. Forward-looking statements, including our 2026 guidance and assumptions, involve known and unknown risks and uncertainties, which may cause BNL’s actual future results to differ materially from expected results, including, without limitation, risks and uncertainties related to general economic conditions, including but not limited to increases in the rate of inflation and/or interest rates, local real estate conditions, tenant financial health, property investments and acquisitions, and the timing and uncertainty of completing these property investments and acquisitions, and uncertainties regarding future distributions to our stockholders. These and other risks, assumptions, and uncertainties are described in Item 1A “Risk Factors” of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 19, 2026, which you are encouraged to read, and will be available on the SEC’s website at www.sec.gov. Please note that such Risk Factors will be updated, if necessary, through the filing of Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company assumes no obligation to, and does not currently intend to, update any forward-looking statements after the date of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.
SummaryBroadstone Net Lease remains a compelling Buy for long-term income and total return, underpinned by a focused industrial and retail portfolio.BNL's build-to-suit strategy drives growth, with $382M in pipeline projects offering initial cash yields of 7.3% and long lease terms.Q1 2026 results showed 5.6% AFFO/share growth, 99.8% occupancy, and a safe, growing 5.5% dividend yield supported by a BBB-rated balance sheet.Looking for a portfolio of ideas like this one? Members of iREIT®+HOYA Capital get exclusive access to our subscriber-only portfolios. Learn More »Sitewide Sale 2026: Get 20% OffNicoElNino/iStock via Getty Images
The S&P 500 (SPY) has had a decent run since the start of the year, despite fits and starts along the way. While it's easy to ignore lesser-followed sectors of the market, like REITs, it's the value sectors that
23.33K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of BNL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Broadstone Net Lease is rated a strong buy, driven by margin recovery, portfolio diversification, and an investment-grade balance sheet. BNL outperformed peers and the S&P 500 YTD, benefiting from resilient industrial and retail demand, and consistent revenue and AFFO growth. Debt/equity of 0.93, no tenant over 4% of ABR, and 1.3x dividend coverage support balance sheet strength and dividend safety.
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Acadian Asset Management (AAMI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Acadian Asset Management is a member of the Finance sector. This group includes 847 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Acadian Asset Management is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AAMI's full-year earnings has moved 1.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AAMI has moved about 11.1% on a year-to-date basis. At the same time, Finance stocks have lost an average of 8.4%. This means that Acadian Asset Management is performing better than its sector in terms of year-to-date returns.
Broadstone Net Lease, Inc. (BNL - Free Report) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 6.3%.
Over the past three months, Broadstone Net Lease, Inc.'s consensus EPS estimate for the current year has increased 0.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Acadian Asset Management belongs to the Financial - Miscellaneous Services industry, a group that includes 102 individual stocks and currently sits at #149 in the Zacks Industry Rank. This group has lost an average of 19.4% so far this year, so AAMI is performing better in this area.
In contrast, Broadstone Net Lease, Inc. falls under the REIT and Equity Trust - Residential industry. Currently, this industry has 24 stocks and is ranked #197. Since the beginning of the year, the industry has moved -8.9%.
Going forward, investors interested in Finance stocks should continue to pay close attention to Acadian Asset Management and Broadstone Net Lease, Inc. as they could maintain their solid performance.
Shares of Broadstone Net Lease, Inc. (NYSE:BNL – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $20.2222.
BNL has been the topic of a number of analyst reports. Weiss Ratings cut Broadstone Net Lease from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. Wall Street Zen upgraded Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. UBS Group raised their target price on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Morgan Stanley boosted their target price on Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research note on Monday, December 29th. Finally, Cantor Fitzgerald upped their price target on Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th.
Read Our Latest Research Report on Broadstone Net Lease
Broadstone Net Lease Price Performance BNL opened at $18.62 on Friday. The business has a fifty day moving average price of $19.00 and a 200 day moving average price of $18.38. Broadstone Net Lease has a 12 month low of $13.96 and a 12 month high of $19.91. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 37.23 and a beta of 0.99.
Broadstone Net Lease (NYSE:BNL – Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.20). The firm had revenue of $118.30 million during the quarter, compared to analyst estimates of $116.35 million. Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, research analysts anticipate that Broadstone Net Lease will post 1.43 earnings per share for the current year.
Broadstone Net Lease Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.2925 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.17 annualized dividend and a dividend yield of 6.3%. This is a boost from Broadstone Net Lease’s previous quarterly dividend of $0.29. Broadstone Net Lease’s payout ratio is presently 234.00%.
Institutional Inflows and Outflows A number of hedge funds have recently modified their holdings of BNL. State Street Corp lifted its position in Broadstone Net Lease by 2.2% in the second quarter. State Street Corp now owns 8,388,518 shares of the company’s stock valued at $136,998,000 after acquiring an additional 178,186 shares during the last quarter. Centersquare Investment Management LLC increased its position in shares of Broadstone Net Lease by 3.0% during the third quarter. Centersquare Investment Management LLC now owns 5,052,587 shares of the company’s stock worth $90,290,000 after purchasing an additional 146,402 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Broadstone Net Lease by 2.7% in the 2nd quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock valued at $76,896,000 after purchasing an additional 124,589 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Broadstone Net Lease by 391.1% in the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after purchasing an additional 3,635,809 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Broadstone Net Lease by 213.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock valued at $69,579,000 after purchasing an additional 2,951,207 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.
About Broadstone Net Lease (Get Free Report)
Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.
Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.
Featured Articles Five stocks we like better than Broadstone Net Lease
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, /PRNewswire/ -- S&P MidCap 400 constituent Casey's General Stores Inc. (NASD: CASY) will replace Hologic Inc. (NASD: HOLX) in the S&P 500, S&P SmallCap 600 constituent DigitalOcean Holdings Inc. (NYSE: DOCN) will replace Casey's General Stores in the S&P MidCap 400, and Broadstone Net Lease Inc. (NYSE: BNL) will replace DigitalOcean Holdings in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, April 9. Affiliates of Blackstone Inc. and TPG Global are acquiring Hologic in a deal expected to be completed on or about April 7.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date
Index Name
Action
Company Name
Ticker
GICS Sector
Apr 9, 2026
S&P 500
Addition
Casey's General Stores
CASY
Consumer Staples
Apr 9, 2026
S&P 500
Deletion
Hologic
HOLX
Health Care
Apr 9, 2026
S&P MidCap 400
Addition
DigitalOcean Holdings
DOCN
Information Technology
Apr 9, 2026
S&P MidCap 400
Deletion
Casey's General Stores
CASY
Consumer Staples
Apr 9, 2026
S&P SmallCap 600
Addition
Broadstone Net Lease
BNL
Real Estate
Apr 9, 2026
S&P SmallCap 600
Deletion
DigitalOcean Holdings
DOCN
Information Technology
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I have lowered my conviction in Broadstone Net Lease, as I believe its tailwinds might fade amid a shift in the macroeconomic landscape. BNL's S&P 600 small-cap index inclusion may boost trading volume but does not guarantee sustained price appreciation. Fixed rent escalations and a 5.6-year asset-liability mismatch expose the company to inflation and refinancing risk.
Broadstone Net Lease, Inc. (NYSE:BNL – Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 7,471,413 shares, a growth of 59.0% from the March 15th total of 4,700,434 shares. Based on an average daily trading volume, of 1,831,509 shares, the days-to-cover ratio is currently 4.1 days. Approximately 3.9% of the company’s stock are short sold.
Wall Street Analysts Forecast Growth Several equities research analysts have commented on BNL shares. Cantor Fitzgerald boosted their price target on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings raised shares of Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 6th. UBS Group boosted their price target on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Finally, Morgan Stanley boosted their price target on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.22.
Get Our Latest Stock Report on BNL
Institutional Inflows and Outflows Institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Advocates LLC acquired a new position in Broadstone Net Lease in the 3rd quarter valued at about $30,000. Blue Trust Inc. grew its stake in Broadstone Net Lease by 96.9% in the 3rd quarter. Blue Trust Inc. now owns 1,790 shares of the company’s stock valued at $32,000 after buying an additional 881 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in Broadstone Net Lease by 42.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock valued at $35,000 after buying an additional 600 shares during the last quarter. Advisory Services Network LLC acquired a new position in Broadstone Net Lease in the 3rd quarter valued at about $61,000. Finally, EverSource Wealth Advisors LLC grew its stake in Broadstone Net Lease by 80.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after buying an additional 1,906 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.
Broadstone Net Lease Price Performance Broadstone Net Lease stock opened at $19.79 on Tuesday. The firm has a market capitalization of $3.79 billion, a PE ratio of 39.57 and a beta of 0.99. The company’s 50-day moving average is $19.13 and its 200-day moving average is $18.43. Broadstone Net Lease has a fifty-two week low of $15.15 and a fifty-two week high of $19.92.
Broadstone Net Lease (NYSE:BNL – Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.20). The firm had revenue of $118.30 million for the quarter, compared to analyst estimates of $116.35 million. Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. As a group, analysts expect that Broadstone Net Lease will post 1.43 EPS for the current year.
Broadstone Net Lease Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.2925 dividend. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, March 31st. This represents a $1.17 dividend on an annualized basis and a yield of 5.9%. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 234.00%.
About Broadstone Net Lease (Get Free Report)
Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.
Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.
Further Reading Five stocks we like better than Broadstone Net Lease Receive News & Ratings for Broadstone Net Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadstone Net Lease and related companies with MarketBeat.com's FREE daily email newsletter.
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Broadstone Net Lease's business model remains accretive, generating 67 basis points of economic profit; however, the discounted value of the economic profit is already reflected in the valuation. BNL's enterprise value is currently at a 22.96% premium to invested capital, close to our justified premium to invested capital of 26.08%. Only about 20% of tenants are investment-grade rated. Exposure to weaker tenants (e.g., Red Lobster) warrants ongoing scrutiny.
What happenedAccording to a SEC filing dated April 21, 2026, Columbus Macro, LLC increased its position in Broadstone Net Lease (BNL 0.85%) by 156,770 shares during the first quarter. The quarter-end value of the position increased by $3.47 million, reflecting both the additional shares and stock price movement.
What else to knowThis buy brings Broadstone Net Lease to 1.63% of the fund’s 13F AUM.
Top five holdings after the filing:
NYSEMKT: IDEV: $19.99 million (2.1% of AUM)NYSEMKT: HYDW: $18.20 million (1.9% of AUM)NYSE: OKE: $17.91 million (1.9% of AUM)NYSE: AM: $17.55 million (1.9% of AUM)As of April 20, 2026, Broadstone Net Lease shares were priced at $20.28, up 36.1% over the past year, outperforming the S&P 500 by 0.27 percentage points.
Broadstone Net Lease reported trailing twelve months revenue of $459.14 million and net income of $99.11 million. The stock offered a 5.81% dividend yield as of April 21, 2026.
Company OverviewMetricValueRevenue (TTM)$454.14 millionNet Income (TTM)$95.25 millionDividend Yield5.81%Price (as of market close 2026-04-20)$20.28Company SnapshotBroadstone Net Lease, Inc. is a real estate investment trust focused on acquiring and managing single-tenant commercial properties under net lease structures. The company leverages disciplined credit analysis and real estate underwriting to build a diversified portfolio across several property types and industries. It owns and manages a diversified portfolio of single-tenant commercial real estate properties, including industrial, healthcare, restaurant, office, and retail assets.
Broadstone Net Lease, Inc. serves a broad base of commercial tenants seeking stable, long-term occupancy solutions in the United States and Canada. It operates as an internally managed REIT, generating revenue primarily through long-term net lease agreements with tenants across multiple sectors.
What this transaction means for investorsBroadstone Net Lease generates rent from long-term leases in which tenants cover most property-level costs, giving the company a steadier income stream than more operationally intensive real estate businesses. The model depends less on daily property management and more on lease duration, rent escalators, and tenants' ability to keep paying over time.
The key driver for Broadstone is the spread between property yields and the cost of capital. This spread determines growth for a net lease REIT. While lease income appears stable, higher interest rates and tighter financing can limit new acquisitions, and weaker tenant credit can reduce the reliability of cash flows that those leases are supposed to provide.
For investors, Broadstone’s performance depends as much on capital markets as on its properties. Its appeal lies in durable lease income from a diverse tenant base. However, changes in interest rates and financing conditions can significantly impact valuation and growth, even if property performance remains strong.
Broadstone Net Lease (NYSE:BNL – Get Free Report) is expected to issue its Q1 2026 results after the market closes on Wednesday, April 29th. Analysts expect Broadstone Net Lease to post earnings of $0.1765 per share and revenue of $118.2290 million for the quarter. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Parties may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Thursday, April 30, 2026 at 11:00 AM ET.
Broadstone Net Lease (NYSE:BNL – Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). The business had revenue of $118.30 million for the quarter, compared to the consensus estimate of $116.35 million. Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%. On average, analysts expect Broadstone Net Lease to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Broadstone Net Lease Stock Up 0.1% Shares of BNL opened at $20.04 on Monday. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 40.07 and a beta of 0.99. Broadstone Net Lease has a 12 month low of $15.28 and a 12 month high of $20.48. The company has a 50-day moving average price of $19.28 and a two-hundred day moving average price of $18.54.
Broadstone Net Lease Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.2925 per share. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Tuesday, March 31st. Broadstone Net Lease’s dividend payout ratio is 234.00%.
Hedge Funds Weigh In On Broadstone Net Lease A number of large investors have recently modified their holdings of BNL. CIBC Private Wealth Group LLC lifted its position in shares of Broadstone Net Lease by 42.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after purchasing an additional 600 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Broadstone Net Lease during the third quarter worth approximately $61,000. EverSource Wealth Advisors LLC lifted its position in shares of Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after purchasing an additional 1,906 shares in the last quarter. State of Wyoming acquired a new position in shares of Broadstone Net Lease during the fourth quarter worth approximately $134,000. Finally, FJ Capital Management LLC lifted its position in shares of Broadstone Net Lease by 8.2% during the second quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock worth $205,000 after purchasing an additional 965 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In BNL has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Cantor Fitzgerald upped their price objective on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Weiss Ratings raised shares of Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 6th. UBS Group upped their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Finally, Morgan Stanley upped their price objective on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research note on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Broadstone Net Lease presently has an average rating of “Moderate Buy” and a consensus price target of $20.22.
Check Out Our Latest Analysis on BNL
About Broadstone Net Lease (Get Free Report)
Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.
Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.
Further Reading Five stocks we like better than Broadstone Net Lease
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VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Announces First Quarter 2026 Results and Adds $30 million to its Committed Pipeline of Build-to-Suit Developments.
Broadstone Net Lease, Inc. (BNL - Free Report) came out with quarterly funds from operations (FFO) of $0.38 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.36 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this company would post FFO of $0.37 per share when it actually produced FFO of $0.38, delivering a surprise of +2.7%.
Over the last four quarters, the company has surpassed consensus FFO estimates two times.
Broadstone Net Lease, which belongs to the Zacks REIT and Equity Trust - Residential industry, posted revenues of $121.4 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.58%. This compares to year-ago revenues of $108.69 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Broadstone Net Lease shares have added about 15.3% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Broadstone Net Lease?While Broadstone Net Lease has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Broadstone Net Lease was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.38 on $123.11 million in revenues for the coming quarter and $1.56 on $498.7 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Residential is currently in the bottom 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Finance sector, Assurant (AIZ - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.
This insurer is expected to post quarterly earnings of $5.40 per share in its upcoming report, which represents a year-over-year change of +59.3%. The consensus EPS estimate for the quarter has been revised 1.4% lower over the last 30 days to the current level.
Assurant's revenues are expected to be $3.3 billion, up 6.6% from the year-ago quarter.
TOKYO, May 15, 2026 - (JCN Newswire) - NEC Corporation (NEC; TSE: 6701) has completed construction of the East Micronesia Cable System (EMCS), a submarine cable connecting three Pacific island nations. The cable has been handed over, to the Federated States of Micronesia's (FSM) submarine cable operator, FSM Telecommunications Cable Corporation (FSMTCC), the Republic of Kiribati's state-owned telecommunications company Bwebweriki Net Limited (BNL), and the Republic of Nauru's state-owned telecommunications company Cenpac Corporation.
EMCS is a submarine cable spanning approximately 2,250 km, connecting three countries and four islands in the Pacific island region: the Federated States of Micronesia, Kiribati, and Nauru. Specifically, it connects from Tarawa Island in Kiribati to Nauru Island, then via Kosrae in the Federated States of Micronesia to Pohnpei.
This is the first optical submarine cable connecting the state of Kosrae in the Federated States of Micronesia, Tarawa in Kiribati, and Nauru. Previously, telecommunications was limited to satellite communications, resulting in issues such as communication delays and unstable connections.
EMCS will provide high-speed, high-quality, and highly reliable internet communications, which will significantly improve the user experience for various online systems, such as video calls and electronic payments. It will contribute to enhancing the daily lives of residents through enabling digitalization and further support the economic and social development of each country.
The EMCS Project is supported by the governments of Australia (through the Australian Infrastructure Financing Facility for the Pacific) Japan and the United States, and is being implemented with grant funding from the three countries.
Comments from the respective companies regarding this matter are as follows.
Gordon Segal, Chief Executive Officer of FSMTCC and Chairman of the EMCS Management Committee, said, "Kosrae was the only state in the FSM without a submarine cable connection. We are truly delighted that the construction of the EMCS has now provided digital connectivity to all four states of the FSM. This infrastructure development not only advances the digitalization of the regional economy but also dramatically improves residents' access to information and services. NEC's strong execution capabilities and high reliability have been essential to the project?s success, and we hold them in high regard."
Bwanouia Aberaam, Officer in charge of BNL, said, "We are pleased to see the completion of resilient communications infrastructure in Kiribati and the Micronesia region. With this vital foundation supporting the digitalization of the regional economy now in place, access to diverse information and essential services will significantly improve going forward. We extend our gratitude to the governments of Australia, Japan, and the United States, our partner NEC, and all those in the Pacific region for their cooperation."
Zikki Eoe, Chairlady of Cenpac Corporation, said, "This project is Nauru's first undersea cable, enabling the provision of high-speed, reliable internet services to residents. We have high expectations that this will significantly accelerate Nauru's economic development and digitalization going forward. We are pleased to have collaborated on this project with the governments of Australia, Japan and the United States, as well as with the Federated States of Micronesia and Kiribati, and with NEC."
Tomonori Uematsu, Managing Director, Submarine Network Division, NEC Corporation, said, "We are truly delighted to have completed this new telecommunications infrastructure in the Pacific Island region. We consider it a highly significant achievement that NEC's long-established optical submarine cable technology has helped strengthen the region's communications environment, contributing to the realization of safe and prosperous lives. We extend our deepest gratitude to everyone involved in this project for their cooperation."
NEC is a leading submarine cable vendor with over 60 years of experience in the submarine cable system business. With a cumulative installation record exceeding 400,000 km?equivalent to circling the Earth approximately 10 times?the company possesses particular strength in the Asia-Pacific region, including Japan. As a system integrator, NEC provides a full spectrum of services: manufacturing of terrestrial optical transmission terminal equipment, optical submarine repeaters, and optical submarine cables; marine surveys and route design; installation and laying of optical submarine cable systems; and training through to acceptance testing. Within the NEC Group, a comprehensive optical submarine cable system provision framework has been established, including the manufacturing of optical submarine cables by OCC Corporation and the manufacturing of optical submarine repeaters by NEC Platforms, Ltd.
About NEC
The NEC Group leverages technology to create social value and promote a more sustainable world where everyone has the chance to reach their full potential. NEC Corporation was established in 1899. Today, the NEC Group?s approximately 110,000 employees utilize world-leading AI, security, and communications technologies to solve the most pressing needs of customers and society.
For more information, please visit https://www.nec.com, and follow us on LinkedIn and YouTube.
Source: NEC Corporation
Copyright 2026 JCN Newswire . All rights reserved.
What happenedAccording to a Securities and Exchange Commission (SEC) filing dated May 15, 2026, GRS Advisors, LLC initiated a new position in Broadstone Net Lease (BNL 0.85%), acquiring 2,663,028 shares during the first quarter of 2026. The estimated trade value was $50.13 million, calculated using the average unadjusted closing price for the quarter. The quarter-end value of the stake was $48.65 million, reflecting both share acquisition and price movement.
What else to knowThis was a new position for GRS Advisors, now representing 4.81% of 13F reportable assets under management as of March 31, 2026.
Top holdings after the filing:
NYSE:PLD: $82.11 million (8.1% of AUM)NYSE:FRT: $72.94 million (7.2% of AUM)NYSE:WH: $61.22 million (6.1% of AUM)NYSE:VTR: $51.09 million (5.1% of AUM)NYSE:CDP: $50.49 million (5.0% of AUM)As of May 14, 2026, shares in Broadstone Net Lease were priced at $19.76, up 33.9% over the past year and outperforming the S&P 500 by 6.58 percentage points.
Company OverviewMetricValueRevenue (TTM)$466.85 millionNet Income (TTM)$124.86 millionDividend Yield5.75%Price (as of market close May 14, 2026)$19.76Company SnapshotBroadstone Net Lease, Inc. is a diversified real estate investment trust (REIT) that, as of September 30, 2020, held a portfolio valued at approximately $4.0 billion, spanning hundreds of properties across North America. The company leverages disciplined credit analysis and prudent underwriting to secure long-term, net-leased tenants, supporting predictable cash flows and income stability. This strategy positions Broadstone Net Lease as a reliable income vehicle for investors seeking exposure to commercial real estate with a focus on tenant and geographic diversification.
The company owns and manages a diversified portfolio of single-tenant commercial real estate properties, including industrial, healthcare, restaurant, office, and retail assets.
It operates as an internally managed REIT, generating revenue primarily through long-term net lease agreements with a broad tenant base. Broadstone Net Lease, Inc. targets institutional and corporate tenants across the United States and Canada, focusing on stable, creditworthy lessees.
What this transaction means for investorsBroadstone Net Lease relies on long-term tenant contracts, but its growth depends equally on disciplined capital deployment. The REIT primarily owns single-tenant commercial properties and is shifting toward industrial assets, providing a stable rent base when tenants are strong. Investors must consider whether Broadstone can convert its rent base and build-to-suit pipeline into per-share AFFO growth without compromising its balance sheet.
In the first quarter, Broadstone’s portfolio remained stable, though not without risk. The company collected rent without issues, increased AFFO by 5.6% compared to last year, and kept almost all its space leased. Future growth will come from acquisitions and build-to-suit projects, where tenant quality, lease terms, and funding costs determine if new investments benefit shareholders.
Investors should evaluate Broadstone based on the quality of its reinvestment, not just lease predictability. Contractual rent increases and tenant diversification provide a strong foundation, but future success will depend on achieving attractive spreads on new investments while maintaining prudent leverage.
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All the major Wall Street firms we cover here at 24/7 Wall St. have a list of the top stock picks for their institutional and retail clients to invest in. Typically, these are companies that analysts have a high level of conviction in and feel strongly about their fundamentals and forward-looking prospects. In addition, they often have strong upside to the assigned price target and a Buy or Overweight rating, depending on the company providing the coverage. After a furious rally off the February lows, and with all the major indices trading at all-time highs, many investors are treading carefully in front of the third quarter of 2026, so we were very interested to see which stocks were on the June edition of J.P. Morgan’s Analyst Focus List. All will provide investors with steady passive income and have the potential to deliver solid total returns.
The research team at J.P. Morgan updates its U.S. Analyst Focus List monthly, as the company describes:
The U.S. Analyst Focus List is updated monthly. Names may be removed mid-month when a valuation target has been largely or wholly achieved, or the original rationale is no longer valid. New ideas can also be added mid-month. Analysts will publish the explanation for all mid-month changes in a research note.
We screened the June Analyst Focus List looking for J.P. Morgan’s top high-yield stock picks, and five of our favorite companies made the list. These picks make sense for growth and income investors looking for top ideas from leading Wall Street firms.
Why do we recommend J.P. Morgan’s Analyst Focus List stocks?
J.P. Morgan is one of the acknowledged leaders in the investment landscape on Wall Street and worldwide. The firm’s top-notch research department continues to provide institutional and high-net-worth clients with the best ideas across the investment spectrum and is likely to do so for years to come.
Annaly Capital With a massive 13% dividend yield and trading right near the J.P. Morgan target price, this is a total passive-income play. Annaly Capital Management (NYSE:NLY | NLY Price Prediction) is a diversified capital manager with investment strategies across mortgage finance.
The company owns a portfolio of real estate-related investments that includes:
Mortgage pass-through certificates Collateralized mortgage obligations Credit risk transfer (CRT) securities Securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans, and mortgage servicing rights Its investment groups include:
Annaly Agency Group, which invests in agency mortgage-backed securities collateralized by residential mortgages Annaly Residential Credit Group, which invests in non-agency residential mortgage assets within residential and commercial markets Annaly Mortgage Servicing Rights Group, which invests in MSR that grants the right to service residential mortgage loans in exchange for a portion of the interest payments on those loans The $24 J.P. Morgan price target is likely to go higher.
AT&T AT&T (NYSE:T) is the world’s fourth-largest telecommunications company, measured by revenue. The legacy telecom has been undergoing a lengthy restructuring process while maintaining a solid dividend of 4.52%. Thirteen analysts have given the stock a Buy rating, indicating comprehensive Wall Street support.
AT&T provides a range of telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services. Through its company-owned stores, agents, and third-party retail stores, it sells:
Handsets Wireless data cards Wireless computing devices Carrying cases Hands-free devices AT&T also provides:
Data Voice SecuT Cloud solutions Outsourcing Managed and professional services Customer premises equipment for multinational corporations, small and mid-sized businesses, and governmental and wholesale customers Additionally, this segment provides residential customers with fiber broadband and legacy voice telephony services. It markets its communications services and products under:
AT&T Cricket AT&T PREPAID AT&T Fiber The company’s Latin America segment provides wireless services in Mexico and video services throughout the region. This segment markets its services and products under the AT&T and Unefon brands.
J.P. Morgan has a $33 price target for the stock.
Broadstone Net Lease With a substantial 5.86% dividend yield and a robust portfolio, this real estate investment trust (REIT) is a compelling investment option, especially given the expectation that interest rates will likely remain where they are indefinitely. Broadstone Net Lease (NYSE:BNL) is an industrial-focused, diversified net lease REIT). The company invests primarily in single-tenant commercial real estate properties that are net leased to a diversified group of tenants on a long-term basis. It is mainly diversified across industrial and retail property types.
Under the industrial property type, it includes
Manufacturing Distribution and warehouse Food processing Flex Research and development Cold storage Services Under the retail property type, it includes:
General merchandise Casual dining Quick-service restaurants Automotive Animal services Home furnishings Healthcare services Education Under Other property type, it includes offices and clinical/surgical facilities.
The company’s portfolio comprises approximately 766 properties, including 759 located in 44 U.S. states and seven in four Canadian provinces.
The J.P. Morgan price target for the stock is $23.
Entergy This energy company is engaged primarily in electric power production and retail distribution operations in the Deep South of the United States. Entergy (NYSE:ETR) stock makes sense for conservative investors and comes with a dependable 2.36% dividend.
It produces and distributes electricity to 3 million customers in the United States and operates in two segments. The Utility segment generates, transmits, distributes, and sells electric power in the City of New Orleans and in:
Arkansas Louisiana Mississippi Texas The company also distributes natural gas.
Entergy’s Wholesale Commodities segment is involved in:
The ownership, operation, and decommissioning of nuclear power plants located in the northern United States Sale of electric power to wholesale customers Provision of services to other nuclear power plant owners Ownership of interests in non-nuclear power plants that sell electric power to wholesale customers The company generates electricity from various sources, including gas, nuclear, coal, hydro, and solar. It sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies.
Its power plants have approximately 24,000 megawatts (MW) of electric generating capacity, which includes 5,000 MW of nuclear power.
The J.P. Morgan price target for the shares is $129.
McCormick Any cook is familiar with this company’s products, and investors also enjoy a tasty 3.93% dividend. McCormick (NYSE:MKC) manufactures, markets, and distributes herbs, spices, seasonings, condiments, and flavors to the entire food and beverage industry, including retailers, food manufacturers, and foodservice businesses.
It operates through two segments. The Consumer segment sells to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce under the McCormick brand and a variety of brands around the world, including:
French’s Frank’s RedHot Lawry’s Zatarain’s Simply Asia Thai Kitchen Ducros Vahine Cholula Schwartz Club House Kamis DaQiao La Drogheria Stubb’s OLD BAY Gourmet Garden Its Flavor Solutions segment provides a range of products to multinational food manufacturers and foodservice customers. Foodservice customers are supplied with branded, packaged products, both directly by the company and indirectly through distributors.
J.P. Morgan has a $64 target price for the shares.
Pre-Market Stock Futures: Futures are trading higher as excitement builds for the Elon Musk Space Exploration Technologies IPO (NASDAQ: SPCX), which is priced at $135 per share and set to begin trading later today. We saw a big risk-on Thursday, which produced a massive rally across the major indices, as once again, President Trump said we are close to a peace deal with Iran after some major airstrikes and a threat to take over Kharg Island. That sent stocks soaring and oil plummeting. When it was all said and done, the Russell 2000 was the big winner, closing up 3% at 2,920, while the Nasdaq was close behind, finishing the session up 2.54% at 25,809. The Dow Jones Industrial Average was last seen at 50,848, up 1.86%, and the S&P 500 closed the session at 7394, up 1.75%.
Treasury Bonds: Yields were down across the entire Treasury curve following the President’s prediction of near-term peace. The President also canceled additional airstrikes that were scheduled for Thursday night. Despite some nasty inflation news and data this week, hopes that inflation will start to taper with lower oil prices also helped drive prices higher. The 30-year-long bond closed the day at 4.95%, while the 10-year note was last seen 4.46%.
Oil and Gas: The potential for an end to the four-month war with Iran once again lit the fuse for the sellers to step up to the plate, and they did on Thursday. Brent Crude finished on Thursday at $88.71, down 4.82%, while West Texas Intermediate closed at $86.07, down 4.40%. Natural gas was also hit and closed Thursday’s session at $3.07, down 3.52%.
Gold: Gold had a nice turnaround day, which many on Wall Street attributed to short-sellers closing positions and a weaker dollar, but the fact is, the precious metal has remained in a slump, and recently hit a six-month low. The path of least resistance is likely lower. The final trade for Gold was posted at $4,210, up 3.45%, while Silver ended the session at $67.24, up a whopping 6.23%.
Crypto: Cryptocurrency markets staged a solid rebound and consolidated gains on Thursday. Bitcoin climbed 2.4% to trade around $62,800, lifting the broader market. The CoinDesk 20 Index rose 2.3% to close at 1,690, though Bitcoin’s dominance held firm as many of the major altcoins continued to lag. At 8 A.M. EDT, Bitcoin is trading at $63,760, while Ethereum is trading at $1,674.
24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.
Here are some of the best Wall Street analyst upgrades, downgrades, and initiations seen on Friday, June 12, 2026.
Upgrades: Advanced Micro Devices (NASDAQ: AMD | AMD Price Prediction) was upgraded to Buy from Neutral at Citigroup, which boosted the target price for the stock to $575 from $460. EPR Properties (NYSE: EPR) was raised to Outperform from Market Perform at Citizens, with a $70 target price objective. FormFactor (NASDAQ: FORM) was upgraded to Buy from Neutral by B. Riley, with an unchanged $165 target price. Kratos Defense and Security Solutions (NASDAQ: KTOS) was upgraded to Overweight from Neutral at JPMorgan, which dropped the target price for the stock to $82 from $99. New Oriental Education & Technology Group (NYSE: EDU) was upgraded to Buy from Neutral at Goldman Sachs, which trimmed the target price for the shares to $65 from $67. Downgrades: Adobe (NASDAQ: ADBE) was downgraded to Hold from Buy at Stifel, which slashed the target price for the shares to $200 from $350. Ares Capital (NASDAQ: ARCC) was downgraded to Equal Weight from Overweight at Wells Fargo, which trimmed the target price to $19 from $20. Broadstone Net Lease (NYSE: BNL) was cut to Market Perform from Outperform at Citizens, without a target price. SailPoint (NASDAQ: SAIL) was downgraded to Neutral from Buy at Bank of America, with an unchanged $16 target price. Travelers Companies (NYSE: TRV) was cut to Underweight from Equal Weight at Barclays, which lowered the price target on the insurance giant to $295 from $331. Initiations: Arrow Financial (NASDAQ: AROW) was started with an Overweight rating at Piper Sandler, with a $43 target price. Coca-Cola (NYSE: KO) was initiated with a Market Perform rating at Bernstein with an $84 target price.
e.l.f. Beauty (NYSE: ELF) was initiated with a Market Perform rating at Bernstein, with a $60 target price. ONE Gas (NYSE: OGS) was started with a Buy rating at BTIG Research, which has set a $93 target price. Williams-Sonoma (NYSE: WSM) was reinstated with a Buy rating at Bank of America, with a $250 target price objective.
