Mycio Wealth Partners LLC Cuts Holdings in Broadstone Net Lease, Inc. $BNL

Mycio Wealth Partners LLC lowered its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,946 shares of the company’s stock after selling 34,555 shares during the period. Broadstone Net Lease comprises 1.2% of Mycio Wealth Partners LLC’s investment portfolio, making the stock its 11th biggest position. Mycio Wealth Partners LLC’s holdings in Broadstone Net Lease were worth $5,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Balyasny Asset Management L.P. raised its holdings 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 acquiring an additional 2,951,207 shares in the last quarter. Norges Bank acquired a new position in Broadstone Net Lease during the 2nd quarter worth approximately $39,554,000. Boston Partners increased its position 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 purchasing an additional 1,605,603 shares during the last quarter. American Century Companies Inc. raised 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 purchasing an additional 1,277,583 shares in the last quarter. Finally, Aew Capital Management L P raised 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 valued at $65,122,000 after purchasing an additional 1,122,124 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Stock Down 0.0%

Shares of NYSE BNL opened at $19.41 on Monday. The business has a 50-day moving average price of $18.51 and a 200 day moving average price of $18.24. The stock has a market cap of $3.71 billion, a PE ratio of 38.81 and a beta of 0.99. Broadstone Net Lease, Inc. has a 52-week low of $13.96 and a 52-week high of $19.91.

Broadstone Net Lease (NYSE:BNL) last released its quarterly 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 return on equity of 3.17% and a net margin of 21.25%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Sell-side analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.2925 dividend. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, March 31st. This represents a $1.17 annualized dividend and a yield of 6.0%. Broadstone Net Lease’s payout ratio is currently 232.00%.

Analyst Ratings Changes

Several research firms recently commented on BNL. Morgan Stanley increased their target price on Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a report on Monday, December 29th. Truist Financial raised their target price 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. Cantor Fitzgerald boosted their target price on Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Broadstone Net Lease in a report on Thursday, December 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Broadstone Net Lease in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.90.

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.