Broadstone Net Lease, Inc. $BNL Shares Bought by LSV Asset Management

LSV Asset Management raised its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 60.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,156,500 shares of the company’s stock after acquiring an additional 816,100 shares during the quarter. LSV Asset Management’s holdings in Broadstone Net Lease were worth $37,458,000 as of its most recent SEC filing.

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 third quarter valued at approximately $30,000. Advisory Services Network LLC acquired a new stake in shares of Broadstone Net Lease during the third quarter worth $61,000. EverSource Wealth Advisors LLC lifted its stake in shares of Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after buying an additional 1,906 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Broadstone Net Lease by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after buying an additional 1,385 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Broadstone Net Lease by 15.2% during the third quarter. Covestor Ltd now owns 5,928 shares of the company’s stock worth $106,000 after buying an additional 781 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on BNL. Cantor Fitzgerald lifted their price objective on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, UBS Group lifted their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.33.

Broadstone Net Lease Trading Up 0.0%

NYSE:BNL opened at $20.41 on Monday. The company has a market capitalization of $3.91 billion, a P/E ratio of 31.39 and a beta of 0.96. The firm has a fifty day simple moving average of $19.57 and a 200-day simple moving average of $18.75. Broadstone Net Lease, Inc. has a 12 month low of $15.30 and a 12 month high of $20.49.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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. Equities analysts forecast that Broadstone Net Lease, Inc. will post 1.51 EPS for the current year.

Broadstone Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.2925 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a yield of 5.7%. Broadstone Net Lease’s payout ratio 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.