Broadstone Net Lease, Inc. $BNL Shares Purchased by Legal & General Group Plc

Posted by Stanley Muller on Jun 3rd, 2026

Legal & General Group Plc boosted its stake in Broadstone Net Lease, Inc. (NYSE:BNL – Free Report) by 21.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,029,599 shares of the company’s stock after acquiring an additional 180,388 shares during the period. Legal & General Group Plc owned 0.54% of Broadstone Net Lease worth $17,884,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BNL. Strategic Advocates LLC acquired a new position in Broadstone Net Lease in the 3rd quarter valued at about $30,000. Advisory Services Network LLC acquired a new position in Broadstone Net Lease in the 3rd quarter valued at about $61,000. EverSource Wealth Advisors LLC increased its position in Broadstone Net Lease by 80.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after acquiring an additional 1,906 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Broadstone Net Lease by 33.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock valued at $96,000 after acquiring an additional 1,385 shares during the period. Finally, FJ Capital Management LLC increased its position in Broadstone Net Lease by 8.2% in the 2nd quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock valued at $205,000 after acquiring an additional 965 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

BNL opened at $19.85 on Tuesday. The stock has a market cap of $3.80 billion, a P/E ratio of 30.54 and a beta of 0.95. The stock’s 50 day simple moving average is $19.68 and its 200 day simple moving average is $18.84. Broadstone Net Lease, Inc. has a 1-year low of $15.65 and a 1-year high of $20.75.

Broadstone Net Lease (NYSE:BNL – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $121.40 million for the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Research analysts expect that Broadstone Net Lease, Inc. will post 1.51 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.2925 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.9%. Broadstone Net Lease’s dividend payout ratio is currently 180.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BNL shares. Cantor Fitzgerald lifted their price objective on Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, UBS Group lifted their price objective on Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.33.

View Our Latest Report on BNL

About Broadstone Net Lease

(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.