Quantbot Technologies LP Takes Position in Broadstone Net Lease, Inc. $BNL

Quantbot Technologies LP acquired a new stake in Broadstone Net Lease, Inc. (NYSE:BNL) in the second quarter, Holdings Channel reports. The firm acquired 48,318 shares of the company’s stock, valued at approximately $999,000.

Several other large investors have also recently added to or reduced their stakes in BNL. Allworth Financial LP acquired a new stake in Broadstone Net Lease during the 2nd quarter worth approximately $34,000. CIBC Private Wealth Group LLC grew its stake in shares of Broadstone Net Lease by 42.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after acquiring an additional 600 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Broadstone Net Lease in the third quarter worth $61,000. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 1,906 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of Broadstone Net Lease during the second quarter worth $74,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Truist Financial set a $22.00 target price on Broadstone Net Lease in a report on Monday, June 8th. BTIG Research upped their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Citizens Jmp lowered Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. BMO Capital Markets lifted their price objective on Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Finally, The Goldman Sachs Group boosted their price objective on Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Saturday, August 1st. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.78.

Insider Activity

In other Broadstone Net Lease news, Director Richard P. Imperiale acquired 5,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the acquisition, the director owned 26,250 shares in the company, valued at $557,025. The trade was a 23.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Broadstone Net Lease Trading Down 1.1%

Shares of BNL opened at $21.32 on Thursday. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 28.05 and a beta of 0.92. The firm’s fifty day simple moving average is $21.47 and its 200-day simple moving average is $20.31. Broadstone Net Lease, Inc. has a twelve month low of $17.16 and a twelve month high of $23.10.

Broadstone Net Lease (NYSE:BNL) last issued its earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $122.31 million during the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, analysts predict that Broadstone Net Lease, Inc. will post 1.53 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio is currently 153.95%.

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.