Greenland Capital Management LP Has $1.11 Million Stake in Broadstone Net Lease, Inc. $BNL

Greenland Capital Management LP trimmed its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 50.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 62,000 shares of the company’s stock after selling 63,060 shares during the period. Greenland Capital Management LP’s holdings in Broadstone Net Lease were worth $1,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Broadstone Net Lease by 24.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 5,311 shares of the company’s stock valued at $95,000 after buying an additional 1,050 shares during the last quarter. Aberdeen Group plc lifted its stake in Broadstone Net Lease by 13.8% in the third quarter. Aberdeen Group plc now owns 65,516 shares of the company’s stock valued at $1,170,000 after acquiring an additional 7,952 shares during the last quarter. BTC Capital Management Inc. lifted its stake in Broadstone Net Lease by 41.4% in the third quarter. BTC Capital Management Inc. now owns 223,881 shares of the company’s stock valued at $3,999,000 after acquiring an additional 65,592 shares during the last quarter. Metis Global Partners LLC grew its position in shares of Broadstone Net Lease by 36.4% in the 3rd quarter. Metis Global Partners LLC now owns 42,632 shares of the company’s stock valued at $762,000 after acquiring an additional 11,381 shares during the period. Finally, LSV Asset Management increased its stake in shares of Broadstone Net Lease by 37.3% during the 3rd quarter. LSV Asset Management now owns 1,340,400 shares of the company’s stock worth $23,953,000 after purchasing an additional 364,200 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Stock Up 1.0%

BNL stock opened at $18.98 on Tuesday. Broadstone Net Lease, Inc. has a 52 week low of $13.96 and a 52 week high of $19.91. The business has a 50-day simple moving average of $18.36 and a 200 day simple moving average of $18.17. The company has a market cap of $3.59 billion, a PE ratio of 37.96 and a beta of 1.00.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, February 18th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.20). The firm had revenue of $118.30 million during the quarter, compared to the consensus estimate of $116.35 million. Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.2925 per share. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 6.2%. The ex-dividend date is Tuesday, March 31st. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 232.00%.

Analyst Ratings Changes

BNL has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a research report on Monday, December 29th. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Cantor Fitzgerald set a $20.00 price objective on shares of Broadstone Net Lease in a research report on Monday, January 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Broadstone Net Lease in a report on Thursday, December 4th. Finally, Truist Financial raised their target price on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, November 25th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.80.

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.