Corient Private Wealth LLC purchased a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 40,089 shares of the company’s stock, valued at approximately $696,000.
Other large investors have also recently added to or reduced their stakes in the company. Strategic Advocates LLC bought a new stake in shares of Broadstone Net Lease in the 3rd quarter worth approximately $30,000. CIBC Private Wealth Group LLC increased 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 valued at $35,000 after purchasing an additional 600 shares during the period. Advisory Services Network LLC acquired a new position in shares of Broadstone Net Lease in the third quarter valued at $61,000. EverSource Wealth Advisors LLC raised its stake in shares of Broadstone Net Lease by 80.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Broadstone Net Lease by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after purchasing an additional 1,385 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.
Analyst Upgrades and Downgrades
BNL has been the topic of a number of analyst reports. Weiss Ratings raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Truist Financial set a $22.00 price target on Broadstone Net Lease in a research note on Monday, June 8th. UBS Group upped their price target on Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Cantor Fitzgerald boosted their price target on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, BTIG Research increased their price objective on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.78.
Broadstone Net Lease Trading Down 0.1%
Shares of BNL opened at $21.24 on Friday. The business’s 50 day moving average is $20.43 and its 200 day moving average is $19.34. Broadstone Net Lease, Inc. has a 12-month low of $15.67 and a 12-month high of $21.50. The company has a market capitalization of $4.07 billion, a PE ratio of 32.67 and a beta of 0.94.
Broadstone Net Lease (NYSE:BNL – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. The company had revenue of $121.40 million for the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Equities research analysts predict that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current year.
Broadstone Net Lease Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio is currently 180.00%.
Broadstone Net Lease Company Profile
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.
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