Neo Ivy Capital Management Invests $2.84 Million in Broadstone Net Lease, Inc. $BNL

Neo Ivy Capital Management acquired a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 158,684 shares of the company’s stock, valued at approximately $2,836,000.

A number of other large investors also recently modified their holdings of the company. State Street Corp lifted its position in Broadstone Net Lease by 2.2% in the 2nd quarter. State Street Corp now owns 8,388,518 shares of the company’s stock worth $136,998,000 after buying an additional 178,186 shares during the last quarter. Geode Capital Management LLC grew its position in Broadstone Net Lease by 1.5% during the second quarter. Geode Capital Management LLC now owns 5,104,154 shares of the company’s stock valued at $81,929,000 after acquiring an additional 76,531 shares during the last quarter. Centersquare Investment Management LLC raised its stake in shares of Broadstone Net Lease by 3.0% during the third quarter. Centersquare Investment Management LLC now owns 5,052,587 shares of the company’s stock worth $90,290,000 after acquiring an additional 146,402 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Broadstone Net Lease by 2.7% during the second quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock worth $76,896,000 after acquiring an additional 124,589 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Broadstone Net Lease by 213.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock worth $69,579,000 after acquiring an additional 2,951,207 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Citizens Jmp reissued a “market outperform” rating and issued a $21.00 price target on shares of Broadstone Net Lease in a research note on Tuesday, December 2nd. BMO Capital Markets restated an “outperform” rating on shares of Broadstone Net Lease in a research report on Thursday, December 4th. BTIG Research reduced their price objective on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Finally, Truist Financial lifted their price objective on Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, November 25th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.90.

Broadstone Net Lease Trading Up 0.5%

Shares of Broadstone Net Lease stock opened at $19.14 on Friday. The company has a 50-day moving average of $18.67 and a two-hundred day moving average of $18.31. The stock has a market cap of $3.66 billion, a PE ratio of 38.28 and a beta of 0.99. Broadstone Net Lease, Inc. has a 12-month low of $13.96 and a 12-month high of $19.91.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 earnings per share 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. On average, sell-side analysts forecast that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Tuesday, March 31st. This represents a $1.17 annualized dividend and a dividend yield of 6.1%. This is a boost from Broadstone Net Lease’s previous quarterly dividend of $0.29. Broadstone Net Lease’s payout ratio is presently 232.00%.

Broadstone Net Lease Company 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.