Public Employees Retirement System of Ohio Decreases Position in Broadstone Net Lease, Inc. $BNL

Public Employees Retirement System of Ohio lessened its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 16.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 218,829 shares of the company’s stock after selling 42,524 shares during the period. Public Employees Retirement System of Ohio’s holdings in Broadstone Net Lease were worth $3,998,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Broadstone Net Lease by 2.2% in the 2nd quarter. State Street Corp now owns 8,388,518 shares of the company’s stock worth $136,998,000 after acquiring an additional 178,186 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Broadstone Net Lease by 2.7% during the 2nd quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock valued at $76,896,000 after purchasing an additional 124,589 shares during the last quarter. Invesco Ltd. boosted its stake in Broadstone Net Lease by 391.1% during the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after purchasing an additional 3,635,809 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Broadstone Net Lease by 213.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock worth $69,579,000 after purchasing an additional 2,951,207 shares in the last quarter. Finally, Nuveen LLC raised its stake in shares of Broadstone Net Lease by 3.7% in the fourth quarter. Nuveen LLC now owns 4,310,108 shares of the company’s stock worth $74,867,000 after purchasing an additional 152,684 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Performance

Broadstone Net Lease stock opened at $21.48 on Friday. Broadstone Net Lease, Inc. has a one year low of $16.05 and a one year high of $23.10. The stock has a fifty day moving average of $21.24 and a 200 day moving average of $19.96. The stock has a market cap of $4.11 billion, a PE ratio of 28.26 and a beta of 0.94.

Broadstone Net Lease (NYSE:BNL) last announced its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.82% and a net margin of 30.61%.The business had revenue of $122.31 million for the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, sell-side analysts predict that Broadstone Net Lease, Inc. will post 1.52 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

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 issued a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.4%. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 153.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BNL shares. KeyCorp increased their price objective on Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Citizens Jmp lowered Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. BMO Capital Markets upped their target price on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Finally, BTIG Research boosted their price objective on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, June 26th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.00.

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.