Creative Planning Raises Holdings in Broadstone Net Lease, Inc. $BNL

Creative Planning increased its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 544,696 shares of the company’s stock after buying an additional 3,104 shares during the period. Creative Planning owned about 0.29% of Broadstone Net Lease worth $8,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new position in Broadstone Net Lease during the 2nd quarter worth about $45,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Broadstone Net Lease in the 1st quarter worth approximately $115,000. CWM LLC boosted its stake in shares of Broadstone Net Lease by 885.2% during the second quarter. CWM LLC now owns 7,773 shares of the company’s stock valued at $125,000 after purchasing an additional 6,984 shares in the last quarter. Arrow Investment Advisors LLC purchased a new position in Broadstone Net Lease during the second quarter valued at approximately $172,000. Finally, FJ Capital Management LLC bought a new position in Broadstone Net Lease in the first quarter worth approximately $201,000. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Trading Up 0.2%

Shares of BNL opened at $18.24 on Wednesday. The firm has a market cap of $3.45 billion, a PE ratio of 38.80 and a beta of 1.00. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $18.87. The stock has a fifty day moving average price of $18.33 and a 200-day moving average price of $17.15.

Broadstone Net Lease (NYSE:BNL) last announced its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.23). Broadstone Net Lease had a net margin of 20.04% and a return on equity of 2.91%. The business had revenue of $114.17 million for the quarter, compared to analyst estimates of $111.89 million. Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. As a group, research analysts forecast that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, December 31st. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 246.81%.

Wall Street Analysts Forecast Growth

BNL has been the topic of several recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $21.00 target price on shares of Broadstone Net Lease in a research report on Monday, September 29th. The Goldman Sachs Group raised Broadstone Net Lease from a “sell” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, August 21st. UBS Group boosted their target price on shares of Broadstone Net Lease from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, KeyCorp raised shares of Broadstone Net Lease from a “sector weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.89.

About Broadstone Net Lease

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.