Strs Ohio Boosts Holdings in Broadstone Net Lease, Inc. $BNL

Strs Ohio grew its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 7.3% in the third quarter, HoldingsChannel reports. The fund owned 410,400 shares of the company’s stock after buying an additional 28,000 shares during the quarter. Strs Ohio’s holdings in Broadstone Net Lease were worth $7,334,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada increased its position in Broadstone Net Lease by 69.9% during the first quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock worth $1,566,000 after purchasing an additional 37,830 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Broadstone Net Lease by 52.8% in the 1st quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock valued at $436,000 after purchasing an additional 8,848 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Broadstone Net Lease by 2.3% in the 1st quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock valued at $19,551,000 after purchasing an additional 25,944 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Broadstone Net Lease by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,283,889 shares of the company’s stock worth $21,877,000 after buying an additional 70,534 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Broadstone Net Lease by 292.3% in the 1st quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock worth $9,436,000 after buying an additional 412,604 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BNL has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Broadstone Net Lease in a research report on Thursday, December 4th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $21.00 price objective on shares of Broadstone Net Lease in a research note on Tuesday, December 2nd. JMP Securities reiterated a “market outperform” rating and set a $21.00 target price on shares of Broadstone Net Lease in a report on Monday, September 29th. Morgan Stanley raised their price target on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.91.

Broadstone Net Lease Stock Performance

NYSE:BNL opened at $18.47 on Tuesday. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 39.29 and a beta of 1.01. Broadstone Net Lease, Inc. has a one year low of $13.96 and a one year high of $18.87. The business’s 50-day simple moving average is $17.84 and its 200 day simple moving average is $17.76.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.23). Broadstone Net Lease had a return on equity of 2.93% and a net margin of 20.04%.The business had revenue of $114.17 million for the quarter, compared to analysts’ expectations of $111.89 million. Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. On average, equities research analysts predict that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

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.