Pensionfund PDN Makes New Investment in Broadstone Net Lease, Inc. $BNL

Pensionfund PDN bought a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 90,000 shares of the company’s stock, valued at approximately $1,563,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Broadstone Net Lease by 36.4% in the fourth quarter. SG Americas Securities LLC now owns 62,089 shares of the company’s stock valued at $1,078,000 after acquiring an additional 16,575 shares during the period. DecisionMap Wealth Management LLC increased its holdings in Broadstone Net Lease by 4.3% during the 4th quarter. DecisionMap Wealth Management LLC now owns 53,022 shares of the company’s stock worth $921,000 after acquiring an additional 2,180 shares during the period. Miller Global Investments LLC bought a new stake in Broadstone Net Lease during the 4th quarter worth approximately $953,000. Hudson Bay Capital Management LP purchased a new stake in Broadstone Net Lease in the 3rd quarter worth approximately $37,998,000. Finally, Cambria Investment Management L.P. lifted its stake in Broadstone Net Lease by 15.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 36,667 shares of the company’s stock worth $655,000 after purchasing an additional 4,955 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Stock Up 0.1%

BNL opened at $18.66 on Tuesday. The stock has a market cap of $3.57 billion, a PE ratio of 37.32 and a beta of 0.99. Broadstone Net Lease, Inc. has a 52 week low of $13.96 and a 52 week high of $19.91. The business’s fifty day simple moving average is $19.00 and its 200 day simple moving average is $18.38.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. As a group, equities analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.3%. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, March 31st. Broadstone Net Lease’s payout ratio is 234.00%.

Wall Street Analysts Forecast Growth

BNL has been the subject of a number of recent analyst reports. Citizens Jmp restated a “market outperform” rating and set a $21.00 price target on shares of Broadstone Net Lease in a research report on Tuesday, December 2nd. UBS Group increased their price objective on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. BTIG Research dropped their price objective on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, December 5th. BMO Capital Markets restated an “outperform” rating on shares of Broadstone Net Lease in a research report on Thursday, December 4th. Finally, Wall Street Zen upgraded Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Broadstone Net Lease presently has an average rating of “Moderate Buy” and a consensus price target of $20.22.

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.