Broadstone Net Lease, Inc. $BNL Shares Bought by Dean Capital Management

Dean Capital Management grew its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 22.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,091 shares of the company’s stock after acquiring an additional 29,817 shares during the quarter. Broadstone Net Lease makes up approximately 1.1% of Dean Capital Management’s holdings, making the stock its 19th largest position. Dean Capital Management owned 0.09% of Broadstone Net Lease worth $2,897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Balyasny Asset Management L.P. increased its stake in Broadstone Net Lease by 213.2% during 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 purchasing an additional 2,951,207 shares during the last quarter. Norges Bank bought a new position in shares of Broadstone Net Lease in the 2nd quarter worth about $39,554,000. Boston Partners boosted 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 valued at $33,372,000 after buying an additional 1,605,603 shares during the period. American Century Companies Inc. boosted its holdings in shares of Broadstone Net Lease by 1,640.8% in the 3rd quarter. American Century Companies Inc. now owns 1,355,448 shares of the company’s stock valued at $24,222,000 after buying an additional 1,277,583 shares during the period. Finally, Aew Capital Management L P grew its position in shares of Broadstone Net Lease by 44.5% during the 3rd quarter. Aew Capital Management L P now owns 3,644,233 shares of the company’s stock valued at $65,122,000 after buying an additional 1,122,124 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BNL has been the topic of several research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Broadstone Net Lease in a research note on Thursday, December 4th. 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. Truist Financial increased their price target on Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, November 25th. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Morgan Stanley boosted 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. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Broadstone Net Lease currently has a consensus rating of “Moderate Buy” and an average price target of $20.20.

Broadstone Net Lease Trading Up 0.2%

Shares of NYSE BNL opened at $19.30 on Monday. Broadstone Net Lease, Inc. has a 12-month low of $13.96 and a 12-month high of $19.91. The company has a market cap of $3.69 billion, a PE ratio of 38.59 and a beta of 0.99. The stock has a 50 day simple moving average of $18.84 and a 200-day simple moving average of $18.35.

Broadstone Net Lease (NYSE:BNL) last posted 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). 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. Sell-side analysts forecast that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st 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 6.1%. 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%.

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.