Broadstone Net Lease, Inc. $BNL Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 21.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,695 shares of the company’s stock after selling 28,379 shares during the quarter. Intech Investment Management LLC owned about 0.05% of Broadstone Net Lease worth $1,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Balyasny Asset Management L.P. lifted its position in Broadstone Net Lease by 213.2% in the second quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock valued at $69,579,000 after buying an additional 2,951,207 shares during the last quarter. Norges Bank purchased a new stake in shares of Broadstone Net Lease in the 2nd quarter valued at approximately $39,554,000. Boston Partners lifted its holdings in shares of Broadstone Net Lease by 339.0% in the 2nd quarter. Boston Partners now owns 2,079,251 shares of the company’s stock worth $33,372,000 after acquiring an additional 1,605,603 shares during the last quarter. Aew Capital Management L P lifted its holdings in shares of Broadstone Net Lease by 44.5% in the 3rd quarter. Aew Capital Management L P now owns 3,644,233 shares of the company’s stock worth $65,122,000 after acquiring an additional 1,122,124 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of Broadstone Net Lease by 135.9% during the 2nd quarter. LSV Asset Management now owns 976,200 shares of the company’s stock worth $15,668,000 after purchasing an additional 562,400 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BNL has been the topic of a number of research analyst reports. Weiss Ratings raised Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Broadstone Net Lease in a research note on Thursday, December 4th. Morgan Stanley increased their target price on Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research note on Monday, December 29th. BTIG Research lowered their target price on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, December 5th. Finally, Cantor Fitzgerald lifted their target price on Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.90.

Broadstone Net Lease Trading Down 0.9%

NYSE:BNL opened at $18.90 on Thursday. Broadstone Net Lease, Inc. has a 12-month low of $13.96 and a 12-month high of $19.91. The firm has a market cap of $3.62 billion, a PE ratio of 37.80 and a beta of 0.99. The stock has a fifty day moving average price of $18.61 and a 200 day moving average price of $18.28.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). 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. Equities analysts forecast that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 6.2%. This is a positive change 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 dividend payout ratio is 232.00%.

Broadstone Net Lease 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.