California State Teachers Retirement System Buys 54,892 Shares of Broadstone Net Lease, Inc. $BNL

Posted by Geri Gentry on Aug 8th, 2026

California State Teachers Retirement System grew its stake in Broadstone Net Lease, Inc. (NYSE:BNL – Free Report) by 30.2% during the 1st quarter, HoldingsChannel reports. The fund owned 236,627 shares of the company’s stock after purchasing an additional 54,892 shares during the quarter. California State Teachers Retirement System’s holdings in Broadstone Net Lease were worth $4,323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada grew its position in Broadstone Net Lease by 69.9% during the 1st quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock valued at $1,566,000 after purchasing an additional 37,830 shares during the last quarter. AQR Capital Management LLC raised its holdings in Broadstone Net Lease by 52.8% in the 1st quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock worth $436,000 after acquiring an additional 8,848 shares during the last quarter. Millennium Management LLC lifted its position in Broadstone Net Lease by 2.3% in the 1st quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock valued at $19,551,000 after acquiring an additional 25,944 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Broadstone Net Lease by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,283,889 shares of the company’s stock valued at $21,877,000 after acquiring an additional 70,534 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Broadstone Net Lease by 292.3% during the 1st quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after purchasing an additional 412,604 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Stock Down 1.3%

Shares of BNL stock opened at $20.89 on Friday. The stock has a market cap of $4.01 billion, a P/E ratio of 27.49 and a beta of 0.92. Broadstone Net Lease, Inc. has a 52 week low of $16.48 and a 52 week high of $23.10. The company’s fifty day simple moving average is $21.34 and its two-hundred day simple moving average is $20.07.

Broadstone Net Lease (NYSE:BNL – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.The firm had revenue of $122.31 million during the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, analysts anticipate that Broadstone Net Lease, Inc. will post 1.52 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, September 30th. Broadstone Net Lease’s payout ratio is 153.95%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BNL shares. KeyCorp boosted their target price on Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. The Goldman Sachs Group lifted their price target on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Saturday, August 1st. Truist Financial set a $22.00 price objective on shares of Broadstone Net Lease in a report on Monday, June 8th. Weiss Ratings restated a “buy (b)” rating on shares of Broadstone Net Lease in a research report on Friday, July 31st. Finally, Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.78.

Read Our Latest Stock Analysis on Broadstone Net Lease

Broadstone Net Lease Profile

(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.