48,481 Broadstone Net Lease, Inc. $BNL Shares Sold by Post Resch Tallon Group Inc.

Post Resch Tallon Group Inc. lessened its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL – Free Report) by 19.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,881 shares of the company’s stock after selling 48,481 shares during the quarter. Broadstone Net Lease makes up about 2.6% of Post Resch Tallon Group Inc.’s investment portfolio, making the stock its 8th largest position. Post Resch Tallon Group Inc.’s holdings in Broadstone Net Lease were worth $3,790,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Allworth Financial LP bought a new stake in Broadstone Net Lease in the second quarter valued at $34,000. Global Retirement Partners LLC bought a new stake in shares of Broadstone Net Lease during the second quarter valued at approximately $74,000. Nykredit A S acquired a new stake in shares of Broadstone Net Lease in the 2nd quarter valued at $91,000. EverSource Wealth Advisors LLC raised its holdings in Broadstone Net Lease by 33.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,075 shares of the company’s stock worth $129,000 after purchasing an additional 1,788 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Broadstone Net Lease by 38.1% in the first quarter. KBC Group NV now owns 7,352 shares of the company’s stock valued at $134,000 after buying an additional 2,028 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial upgraded shares of Broadstone Net Lease from a “hold” rating to a “buy” rating and decreased their price objective for the company from $22.00 to $21.00 in a report on Thursday, October 1st. BTIG Research raised their price target on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. BMO Capital Markets upped their target price on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Citizens Jmp lowered shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. Finally, The Goldman Sachs Group raised their price target on Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a report on Saturday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.67.

View Our Latest Stock Analysis on BNL

Broadstone Net Lease Stock Down 0.3%

NYSE BNL opened at $18.23 on Friday. The business’s fifty day moving average is $20.23 and its 200 day moving average is $20.40. Broadstone Net Lease, Inc. has a twelve month low of $17.16 and a twelve month high of $23.10. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 23.98 and a beta of 0.91.

Broadstone Net Lease (NYSE:BNL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $122.31 million during the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, research analysts anticipate that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.2925 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.17 annualized dividend and a dividend yield of 6.4%. Broadstone Net Lease’s payout ratio is currently 153.95%.

Insider Buying and Selling at Broadstone Net Lease

In related news, Director Richard Imperiale bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $21.22 per share, with a total value of $106,100.00. Following the completion of the purchase, the director directly owned 26,250 shares in the company, valued at $557,025. The trade was a 23.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is owned by corporate insiders.

About Broadstone Net Lease

(Free Report)

Broadstone Net Lease, Inc is a real estate investment trust (REIT) that owns and manages a diversified portfolio of single-tenant commercial properties. The company primarily invests in properties subject to long-term, triple-net leases, under which tenants generally are responsible for property taxes, insurance and maintenance costs.

Broadstone’s portfolio includes industrial, healthcare, restaurant and other commercial properties leased to tenants across a range of industries. Its business activities include acquiring, owning, leasing and managing income-producing real estate, with an emphasis on properties that can provide stable rental income over extended lease terms.

Founded in 2007, Broadstone Net Lease completed its initial public offering in 2020.

See Also

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Institutional Ownership by Quarter for Broadstone Net Lease (NYSE:BNL)

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