Natixis Advisors LLC Buys 67,443 Shares of Broadstone Net Lease, Inc. $BNL

Natixis Advisors LLC lifted its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 61.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,931 shares of the company’s stock after buying an additional 67,443 shares during the period. Natixis Advisors LLC owned approximately 0.09% of Broadstone Net Lease worth $3,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its stake in shares of Broadstone Net Lease by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 285,500 shares of the company’s stock valued at $4,959,000 after buying an additional 9,600 shares during the period. Norges Bank bought a new stake in shares of Broadstone Net Lease in the fourth quarter valued at approximately $41,471,000. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Broadstone Net Lease in the fourth quarter valued at approximately $1,313,000. Allstate Corp boosted its stake in shares of Broadstone Net Lease by 200.2% in the fourth quarter. Allstate Corp now owns 36,210 shares of the company’s stock valued at $629,000 after buying an additional 24,148 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of Broadstone Net Lease by 1.1% in the fourth quarter. Fisher Asset Management LLC now owns 267,527 shares of the company’s stock valued at $4,647,000 after buying an additional 2,974 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BNL shares. Cantor Fitzgerald boosted their price target on Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Truist Financial set a $22.00 price target on Broadstone Net Lease in a research note on Monday. Finally, UBS Group boosted their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Broadstone Net Lease presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.56.

Broadstone Net Lease Stock Performance

Shares of NYSE:BNL opened at $20.95 on Wednesday. The company has a fifty day moving average of $19.90 and a 200-day moving average of $18.94. The company has a market capitalization of $4.01 billion, a PE ratio of 32.24 and a beta of 0.95. Broadstone Net Lease, Inc. has a 52-week low of $15.66 and a 52-week high of $21.05.

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

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.2925 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.17 annualized dividend and a dividend yield of 5.6%. Broadstone Net Lease’s dividend payout ratio is 180.00%.

About Broadstone Net Lease

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.