Columbus Macro LLC Raises Stock Holdings in Broadstone Net Lease, Inc. $BNL

Columbus Macro LLC lifted its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 23.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 833,131 shares of the company’s stock after acquiring an additional 156,770 shares during the period. Broadstone Net Lease accounts for approximately 1.6% of Columbus Macro LLC’s portfolio, making the stock its 12th biggest holding. Columbus Macro LLC’s holdings in Broadstone Net Lease were worth $15,221,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Invesco Ltd. raised its stake in Broadstone Net Lease by 391.1% in 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. boosted its stake in shares of Broadstone Net Lease by 213.2% during 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 during the last quarter. Norges Bank purchased a new stake in shares of Broadstone Net Lease during the fourth quarter worth about $41,471,000. Hudson Bay Capital Management LP purchased a new stake in shares of Broadstone Net Lease during the third quarter worth about $37,998,000. Finally, New England Private Wealth Advisors LLC acquired a new position in shares of Broadstone Net Lease in the fourth quarter valued at approximately $27,426,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

BNL has been the topic of several recent analyst reports. Truist Financial set a $22.00 price objective on shares of Broadstone Net Lease in a research note on Monday, June 8th. Weiss Ratings raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Cantor Fitzgerald boosted their price target on Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Citizens Jmp downgraded Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Finally, UBS Group increased their price target on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.56.

Broadstone Net Lease Price Performance

BNL opened at $20.98 on Friday. Broadstone Net Lease, Inc. has a 12 month low of $15.66 and a 12 month high of $21.50. The business has a 50-day moving average of $20.32 and a two-hundred day moving average of $19.21. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 32.28 and a beta of 0.95.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. The business had revenue of $121.40 million for the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Equities research analysts anticipate that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.17 annualized dividend and a yield of 5.6%. Broadstone Net Lease’s dividend payout ratio is 180.00%.

Broadstone Net Lease Company 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.