Perigon Wealth Management LLC Invests $1.23 Million in Broadstone Net Lease, Inc. $BNL

Perigon Wealth Management LLC purchased a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,570 shares of the company’s stock, valued at approximately $1,231,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Resonant Capital Advisors LLC acquired a new stake in shares of Broadstone Net Lease in the 4th quarter valued at $514,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Broadstone Net Lease by 187.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 103,751 shares of the company’s stock worth $1,802,000 after purchasing an additional 67,637 shares during the period. California State Teachers Retirement System increased its position in Broadstone Net Lease by 30.2% in the first quarter. California State Teachers Retirement System now owns 236,627 shares of the company’s stock worth $4,323,000 after purchasing an additional 54,892 shares during the period. Indivisible Partners bought a new stake in Broadstone Net Lease during the 4th quarter worth about $1,465,000. Finally, TritonPoint Partners LLC acquired a new position in Broadstone Net Lease during the 4th quarter valued at about $1,595,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Stock Performance

Shares of NYSE BNL opened at $20.80 on Wednesday. Broadstone Net Lease, Inc. has a 52-week low of $16.73 and a 52-week high of $23.10. The stock has a market cap of $3.99 billion, a P/E ratio of 27.38 and a beta of 0.92. The firm has a 50 day moving average price of $21.42 and a 200 day moving average price of $20.20.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $122.31 million for the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Analysts predict that Broadstone Net Lease, Inc. will post 1.52 earnings per share 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 paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 153.95%.

Analysts Set New Price Targets

BNL has been the subject of several analyst reports. Citigroup cut shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Citizens Jmp lowered shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadstone Net Lease in a research note on Friday, July 31st. KeyCorp lifted their price objective on Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group increased their target price on Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Saturday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.78.

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.