Broadstone Net Lease, Inc. $BNL Stock Holdings Lowered by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 55.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,121 shares of the company’s stock after selling 106,130 shares during the period. Segall Bryant & Hamill LLC’s holdings in Broadstone Net Lease were worth $1,539,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BNL. American Century Companies Inc. lifted its position in shares of Broadstone Net Lease by 0.9% during the 2nd quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock valued at $1,250,000 after acquiring an additional 664 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Broadstone Net Lease by 4.7% in the 3rd quarter. Alps Advisors Inc. now owns 16,574 shares of the company’s stock worth $296,000 after acquiring an additional 737 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Broadstone Net Lease by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock worth $1,432,000 after acquiring an additional 768 shares during the last quarter. Arizona State Retirement System raised its position in shares of Broadstone Net Lease by 1.4% during the third quarter. Arizona State Retirement System now owns 55,951 shares of the company’s stock worth $1,000,000 after purchasing an additional 779 shares during the period. Finally, Covestor Ltd raised its position in shares of Broadstone Net Lease by 15.2% during the third quarter. Covestor Ltd now owns 5,928 shares of the company’s stock worth $106,000 after purchasing an additional 781 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Broadstone Net Lease in a research report on Thursday, December 4th. Truist Financial boosted their price objective on Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Cantor Fitzgerald raised their target price on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, February 24th. Finally, BTIG Research dropped their target price on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.90.

Broadstone Net Lease Price Performance

Shares of NYSE BNL opened at $19.14 on Friday. Broadstone Net Lease, Inc. has a one year low of $13.96 and a one year high of $19.91. The business’s 50-day moving average price is $18.67 and its two-hundred day moving average price is $18.31. The company has a market capitalization of $3.66 billion, a P/E ratio of 38.28 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, equities analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 6.1%. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, March 31st. Broadstone Net Lease’s dividend payout ratio (DPR) is 232.00%.

Broadstone Net Lease 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.