New England Private Wealth Advisors LLC Makes New Investment in Broadstone Net Lease, Inc. $BNL

New England Private Wealth Advisors LLC acquired a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,578,911 shares of the company’s stock, valued at approximately $27,426,000. Broadstone Net Lease makes up about 1.6% of New England Private Wealth Advisors LLC’s holdings, making the stock its 14th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Strategic Advocates LLC bought a new stake in Broadstone Net Lease during the third quarter worth about $30,000. Advisory Services Network LLC bought a new stake in shares of Broadstone Net Lease during the third quarter valued at approximately $61,000. EverSource Wealth Advisors LLC grew its stake in shares of Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after purchasing an additional 1,906 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Broadstone Net Lease by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock valued at $96,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Broadstone Net Lease by 15.2% during the third quarter. Covestor Ltd now owns 5,928 shares of the company’s stock valued at $106,000 after purchasing an additional 781 shares during the last quarter. 89.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on BNL. Weiss Ratings raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. UBS Group increased their price target on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Finally, Cantor Fitzgerald increased their price target on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Broadstone Net Lease presently has an average rating of “Moderate Buy” and a consensus price target of $20.33.

Broadstone Net Lease Price Performance

Shares of NYSE BNL opened at $20.41 on Friday. The company’s 50 day simple moving average is $19.57 and its 200 day simple moving average is $18.74. Broadstone Net Lease, Inc. has a fifty-two week low of $15.30 and a fifty-two week high of $20.49. The firm has a market capitalization of $3.91 billion, a P/E ratio of 31.39 and a beta of 0.96.

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

Broadstone Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio is currently 180.00%.

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.