90,332 Shares in Broadstone Net Lease, Inc. $BNL Bought by TritonPoint Partners LLC

TritonPoint Partners LLC acquired a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 90,332 shares of the company’s stock, valued at approximately $1,595,000. Broadstone Net Lease comprises about 0.9% of TritonPoint Partners LLC’s investment portfolio, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BNL. Royal Bank of Canada raised its holdings 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 increased its position in Broadstone Net Lease by 52.8% during the first quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock worth $436,000 after buying an additional 8,848 shares in the last quarter. Millennium Management LLC increased its position in Broadstone Net Lease by 2.3% during the first quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock worth $19,551,000 after buying an additional 25,944 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Broadstone Net Lease by 5.8% during the first 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 in the last quarter. Finally, Jane Street Group LLC increased its position in Broadstone Net Lease by 292.3% during the first 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 in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BNL shares. UBS Group raised their price target 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. Citizens Jmp downgraded Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday. Truist Financial set a $22.00 price target on Broadstone Net Lease in a research report on Monday, June 8th. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Citigroup downgraded Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.56.

Broadstone Net Lease Stock Down 0.0%

Shares of NYSE:BNL opened at $21.07 on Monday. The company has a market cap of $4.03 billion, a P/E ratio of 32.41 and a beta of 0.95. Broadstone Net Lease, Inc. has a 52 week low of $15.66 and a 52 week high of $21.50. The business has a fifty day simple moving average of $20.05 and a 200-day simple moving average of $19.00.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $121.40 million during the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.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 1.52 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.2925 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.6%. Broadstone Net Lease’s payout ratio is currently 180.00%.

Broadstone Net Lease Company 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.