VIRGINIA RETIREMENT SYSTEMS ET Al Has $1.36 Million Stake in Broadstone Net Lease, Inc. $BNL

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 33.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,300 shares of the company’s stock after selling 39,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Broadstone Net Lease were worth $1,360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strategic Advocates LLC acquired a new stake in Broadstone Net Lease in the 3rd quarter worth $30,000. Advisory Services Network LLC acquired a new stake in Broadstone Net Lease in the 3rd quarter worth $61,000. EverSource Wealth Advisors LLC grew its position in Broadstone Net Lease by 80.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after purchasing an additional 1,906 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Broadstone Net Lease by 33.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Covestor Ltd grew its position in Broadstone Net Lease by 15.2% in the 3rd quarter. Covestor Ltd now owns 5,928 shares of the company’s stock worth $106,000 after purchasing an additional 781 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BNL has been the subject of a number of analyst reports. Weiss Ratings raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. UBS Group raised their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Cantor Fitzgerald raised their price objective on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $20.33.

Broadstone Net Lease Stock Performance

NYSE:BNL opened at $19.88 on Friday. The company has a 50-day moving average of $19.44 and a 200-day moving average of $18.67. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 30.58 and a beta of 0.96. Broadstone Net Lease, Inc. has a 52 week low of $15.28 and a 52 week high of $20.48.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $121.40 million during the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Sell-side analysts forecast that Broadstone Net Lease, Inc. will post 1.51 EPS for the current year.

Broadstone Net Lease Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 180.00%.

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.