Boston Partners Boosts Stock Holdings in Broadstone Net Lease, Inc. $BNL

Boston Partners lifted its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 188.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,366,124 shares of the company’s stock after acquiring an additional 892,476 shares during the quarter. Boston Partners owned approximately 0.72% of Broadstone Net Lease worth $21,926,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new stake in Broadstone Net Lease in the 2nd quarter worth about $45,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Broadstone Net Lease in the 1st quarter worth approximately $115,000. CWM LLC grew its holdings in shares of Broadstone Net Lease by 885.2% in the second quarter. CWM LLC now owns 7,773 shares of the company’s stock valued at $125,000 after acquiring an additional 6,984 shares in the last quarter. Arrow Investment Advisors LLC purchased a new stake in shares of Broadstone Net Lease during the second quarter valued at approximately $172,000. Finally, FJ Capital Management LLC purchased a new stake in shares of Broadstone Net Lease during the first quarter valued at approximately $201,000. 89.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JMP Securities restated a “market outperform” rating and issued a $21.00 price objective on shares of Broadstone Net Lease in a research note on Monday, September 29th. KeyCorp raised shares of Broadstone Net Lease from a “sector weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Tuesday, August 19th. Cantor Fitzgerald initiated coverage on shares of Broadstone Net Lease in a report on Wednesday, October 1st. They set an “overweight” rating and a $21.00 price objective for the company. The Goldman Sachs Group upgraded shares of Broadstone Net Lease from a “sell” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, August 21st. Finally, Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Broadstone Net Lease currently has an average rating of “Moderate Buy” and an average price target of $19.89.

Broadstone Net Lease Stock Up 0.4%

Shares of NYSE:BNL opened at $18.19 on Friday. The firm has a market capitalization of $3.44 billion, a PE ratio of 38.69 and a beta of 1.00. The company has a 50-day moving average price of $18.35 and a two-hundred day moving average price of $17.09. Broadstone Net Lease, Inc. has a twelve month low of $13.96 and a twelve month high of $18.87.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.23). The business had revenue of $114.17 million for the quarter, compared to analysts’ expectations of $111.89 million. Broadstone Net Lease had a net margin of 20.04% and a return on equity of 2.91%. Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. Analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 6.4%. Broadstone Net Lease’s dividend payout ratio is currently 246.81%.

About Broadstone Net Lease

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.