Hsbc Holdings PLC Boosts Holdings in Broadstone Net Lease, Inc. $BNL

Hsbc Holdings PLC lifted its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 47.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 368,825 shares of the company’s stock after acquiring an additional 118,178 shares during the quarter. Hsbc Holdings PLC’s holdings in Broadstone Net Lease were worth $6,402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Strategic Advocates LLC purchased a new stake in Broadstone Net Lease during the third quarter valued at about $30,000. CIBC Private Wealth Group LLC increased its holdings in shares of Broadstone Net Lease by 42.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after buying an additional 600 shares during the period. Advisory Services Network LLC bought a new stake in shares of Broadstone Net Lease in the 3rd quarter valued at about $61,000. EverSource Wealth Advisors LLC lifted its stake in shares of Broadstone Net Lease by 80.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after acquiring an additional 1,906 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Broadstone Net Lease by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock valued at $96,000 after acquiring an additional 1,385 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BNL. BTIG Research lifted their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Citizens Jmp cut shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Cantor Fitzgerald lifted their target price on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a research report on Monday, June 8th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.78.

Broadstone Net Lease Price Performance

Shares of NYSE:BNL opened at $21.83 on Thursday. Broadstone Net Lease, Inc. has a 1 year low of $15.67 and a 1 year high of $21.95. The company has a market cap of $4.18 billion, a PE ratio of 33.59 and a beta of 0.94. The stock’s 50-day moving average is $20.52 and its 200 day moving average is $19.44.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The business had revenue of $121.40 million during 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. Analysts expect that Broadstone Net Lease, Inc. will post 1.52 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The firm 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 dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio is currently 180.00%.

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.