Broadstone Net Lease, Inc. $BNL Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. reduced its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 27,235,146 shares of the company’s stock after selling 62,492 shares during the period. Vanguard Group Inc. owned approximately 0.14% of Broadstone Net Lease worth $473,074,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Strategic Advocates LLC purchased a new position in Broadstone Net Lease during the 3rd quarter valued at about $30,000. Advisory Services Network LLC acquired a new stake in shares of Broadstone Net Lease during the third quarter worth approximately $61,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after purchasing an additional 1,906 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Broadstone Net Lease by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock valued at $96,000 after purchasing an additional 1,385 shares in the last quarter. Finally, Covestor Ltd increased its stake in Broadstone Net Lease by 15.2% in the 3rd quarter. Covestor Ltd now owns 5,928 shares of the company’s stock valued at $106,000 after buying an additional 781 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Broadstone Net Lease Price Performance

Broadstone Net Lease stock opened at $19.77 on Wednesday. Broadstone Net Lease, Inc. has a one year low of $15.28 and a one year high of $20.48. The company’s fifty day moving average price is $19.34 and its two-hundred day moving average price is $18.60. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 30.41 and a beta of 0.96.

Broadstone Net Lease (NYSE:BNL) last announced 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 company had revenue of $121.40 million during 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. As a group, sell-side analysts anticipate that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently announced 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. This represents a $1.17 annualized dividend and a yield of 5.9%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s payout ratio is 180.00%.

Wall Street Analysts Forecast Growth

BNL has been the subject of a number of research reports. 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 lifted their price objective on Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Finally, UBS Group lifted their price target 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.33.

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.