Farther Finance Advisors LLC Reduces Stake in Broadstone Net Lease, Inc. $BNL

Farther Finance Advisors LLC lowered its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 69.9% during the fourth quarter, HoldingsChannel reports. The fund owned 11,257 shares of the company’s stock after selling 26,171 shares during the period. Farther Finance Advisors LLC’s holdings in Broadstone Net Lease were worth $196,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. State of Alaska Department of Revenue increased its holdings in shares of Broadstone Net Lease by 33.6% in the 4th quarter. State of Alaska Department of Revenue now owns 137,086 shares of the company’s stock valued at $2,380,000 after acquiring an additional 34,498 shares during the last quarter. Perpetual Ltd boosted its position in shares of Broadstone Net Lease by 10.9% in the 4th quarter. Perpetual Ltd now owns 85,079 shares of the company’s stock valued at $1,478,000 after purchasing an additional 8,380 shares during the period. Aberdeen Group plc boosted its position in shares of Broadstone Net Lease by 17.2% in the 4th quarter. Aberdeen Group plc now owns 76,787 shares of the company’s stock valued at $1,334,000 after purchasing an additional 11,271 shares during the period. BTC Capital Management Inc. boosted its position in shares of Broadstone Net Lease by 3.0% in the 4th quarter. BTC Capital Management Inc. now owns 230,553 shares of the company’s stock valued at $4,001,000 after purchasing an additional 6,672 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Broadstone Net Lease by 9.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 39,779 shares of the company’s stock valued at $691,000 after purchasing an additional 3,480 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BNL shares. Weiss Ratings raised Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 6th. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Cantor Fitzgerald upped their target price on Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. Finally, UBS Group increased their price objective on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Broadstone Net Lease currently has an average rating of “Moderate Buy” and a consensus target price of $20.22.

Broadstone Net Lease Trading Down 0.7%

Broadstone Net Lease stock opened at $19.67 on Friday. Broadstone Net Lease, Inc. has a twelve month low of $15.28 and a twelve month high of $20.48. The stock has a 50 day moving average of $19.32 and a two-hundred day moving average of $18.59. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 30.25 and a beta of 0.96.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The company had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Equities analysts predict that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio is 234.00%.

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.