BNL · NYSE · STOCK
Broadstone Net Lease (BNL) Stock Analysis
$18.27
52W $17.16 – $23.10
60/100
$3.50B
24.0
0.94
Is BNL Bullish or Bearish?
Bullish.
Innellis AI committee rates Broadstone Net Lease, Inc. (BNL) Buy with a composite score of 60/100
, based on 5 analysts with 60% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +14.83 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -5.17 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Value Analyst sees a compelling case — price-to-book of 1.1x is a discount to asset value. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.1x is a discount to asset value — Value
- Dividend yield of 7.2% pays you to wait — Value
- EPS growing 45.6% YoY — Growth
- 3 consecutive earnings beats -- consistent execution — Growth
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- RSI at 29 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
- Weekly RSI at 20 -- oversold on the larger timeframe too — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
60/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 6%
of 80 Real Estate peers
Value Analyst
bullish
70
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ Price-to-book of 1.1x is a discount to asset value
Growth Analyst
bullish
60
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 45.6% YoY
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− RSI at 29 is in oversold territory (could mean either capitulation or a bounce setup)
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 58.2 to 60.2.
- Recommendation changed from Watch to Buy.
- New bearish signals: 1 appeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
- Analyst(s) changed stance: Technical Analyst.
Analyst-level changes:
- Technical Analyst: stance bearish->neutral; score 38->48 (+10); +1 bearish signal(s); +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
29.2
Oversold
MACD Histogram
0.005
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$18.11
Resistance
$18.85
Bollinger %B
0.22
Inside Bands
Price vs Moving Averages
EMA 9
$18.49
Below
EMA 21
$19.01
Below
EMA 50
$19.83
Below
EMA 200
$19.77
Below
Fundamental Analysis
Valuation
88
Growth
68
Profitability
48
Financial Health
89
Cash Flow
70
Valuation
P/E Ratio
24.0×
P/B Ratio
1.21×
PEG Ratio
0.59
Dividend Yield
6.39%
52W High
$23.10
52W Low
$17.16
Quality & Growth
ROE
354.6%
ROA
180.0%
Gross Margin
4319.4%
Operating Margin
4887.1%
Revenue Growth YoY
—
Debt / Equity
0.95
AI Fundamental Assessment
P/E ratio of 24.0 (inexpensive relative to a 15-40x range); Price-to-book of 1.2x; PEG ratio of 0.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 3.5%; Return on assets of 1.8%; Net margin of 30.2%; Gross margin of 43.2%; Current ratio of 22.61 (healthy short-term liquidity); Debt-to-equity of 0.95; Free cash flow per share is positive (1.42); Most recent quarter beat estimates by 13.4%; 3 consecutive earnings beats; EPS growth decelerating (+41.2% -> -12.5% QoQ); Analyst estimates rising over recent quarters
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