Jupiter Topco LLC bought a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,121,275 shares of the company’s stock, valued at approximately $23,178,000.
Other hedge funds have also modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Broadstone Net Lease by 69.9% in the first quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock valued at $1,566,000 after buying an additional 37,830 shares in the last quarter. AQR Capital Management LLC raised its position in Broadstone Net Lease by 52.8% in the first 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 in the last quarter. Millennium Management LLC lifted its holdings in Broadstone Net Lease by 2.3% in the first 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Broadstone Net Lease by 5.8% in the first 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 during the period. Finally, Jane Street Group LLC lifted its holdings in Broadstone Net Lease by 292.3% in the first quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after acquiring an additional 412,604 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
BNL has been the topic of a number of recent analyst reports. Citigroup cut shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Citizens Jmp cut shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. BMO Capital Markets boosted their price objective on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. KeyCorp upped their target price on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, Truist Financial set a $22.00 target price on shares of Broadstone Net Lease in a report on Monday, June 8th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Broadstone Net Lease has an average rating of “Moderate Buy” and a consensus target price of $22.78.
Insider Buying and Selling
In other Broadstone Net Lease news, Director Richard P. Imperiale bought 5,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was purchased at an average cost of $21.22 per share, for a total transaction of $106,100.00. Following the acquisition, the director owned 26,250 shares of the company’s stock, valued at $557,025. The trade was a 23.53% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.02% of the company’s stock.
Broadstone Net Lease Stock Performance
BNL opened at $21.13 on Friday. The business’s fifty day moving average is $21.49 and its two-hundred day moving average is $20.33. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 27.80 and a beta of 0.92. Broadstone Net Lease, Inc. has a one year low of $17.16 and a one year high of $23.10.
Broadstone Net Lease (NYSE:BNL – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $122.31 million for the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, analysts predict that Broadstone Net Lease, Inc. will post 1.53 EPS for the current fiscal year.
Broadstone Net Lease Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio is presently 153.95%.
About Broadstone Net Lease
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.
Featured Articles
- Five stocks we like better than Broadstone Net Lease
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Want to see what other hedge funds are holding BNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadstone Net Lease, Inc. (NYSE:BNL – Free Report).
Receive News & Ratings for Broadstone Net Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadstone Net Lease and related companies with MarketBeat.com's FREE daily email newsletter.
