Quantbot Technologies LP Purchases 154,658 Shares of Broadstone Net Lease, Inc. $BNL

Quantbot Technologies LP raised its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 346.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,241 shares of the company’s stock after purchasing an additional 154,658 shares during the period. Quantbot Technologies LP owned 0.11% of Broadstone Net Lease worth $3,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC lifted its stake in Broadstone Net Lease by 292.3% in the first quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after buying an additional 412,604 shares during the period. LPL Financial LLC increased its stake in shares of Broadstone Net Lease by 17.1% in the 1st quarter. LPL Financial LLC now owns 131,654 shares of the company’s stock valued at $2,243,000 after acquiring an additional 19,190 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Broadstone Net Lease by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 27,711,994 shares of the company’s stock valued at $472,212,000 after acquiring an additional 266,900 shares during the period. Canandaigua National Trust Co of Florida acquired a new stake in shares of Broadstone Net Lease in the 2nd quarter valued at approximately $965,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in Broadstone Net Lease during the 1st quarter worth approximately $4,870,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Trading Up 0.1%

BNL opened at $17.55 on Friday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 37.33 and a beta of 1.03. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $18.87. The firm’s fifty day simple moving average is $18.17 and its 200 day simple moving average is $17.28.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.23). The firm had revenue of $114.17 million for the quarter, compared to the consensus estimate of $111.89 million. Broadstone Net Lease had a return on equity of 2.93% and a net margin of 20.04%.Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. On average, equities research analysts predict that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 246.81%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $22.00 target price on shares of Broadstone Net Lease in a research note on Wednesday, October 1st. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Sunday, November 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Broadstone Net Lease in a research note on Wednesday, October 8th. Truist Financial boosted their target price on Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, November 25th. Finally, The Goldman Sachs Group raised Broadstone Net Lease from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, August 21st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Broadstone Net Lease has a consensus rating of “Moderate Buy” and a consensus price target of $20.20.

About Broadstone Net Lease

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.