63,700 Shares in Broadstone Net Lease, Inc. $BNL Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 63,700 shares of the company’s stock, valued at approximately $1,317,000.

Several other institutional investors also recently bought and sold shares of BNL. Allworth Financial LP acquired a new position in shares of Broadstone Net Lease during the second quarter worth $34,000. CIBC Private Wealth Group LLC boosted its position in shares of Broadstone Net Lease by 42.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after purchasing an additional 600 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Broadstone Net Lease in the 3rd quarter worth $61,000. EverSource Wealth Advisors LLC grew its stake in Broadstone Net Lease by 80.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after buying an additional 1,906 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Broadstone Net Lease during the 2nd quarter worth $74,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Citigroup cut Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Citizens Jmp downgraded shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. The Goldman Sachs Group upped their price objective on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadstone Net Lease in a research report on Friday, July 31st. Finally, KeyCorp lifted their target price on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.78.

Insider Transactions at Broadstone Net Lease

In other Broadstone Net Lease news, Director Richard P. Imperiale purchased 5,000 shares of the stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of $21.22 per share, with a total value of $106,100.00. Following the completion of the acquisition, the director owned 26,250 shares in the company, valued at $557,025. This trade represents a 23.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.02% of the stock is owned by corporate insiders.

Broadstone Net Lease Price Performance

Shares of NYSE:BNL opened at $21.13 on Friday. Broadstone Net Lease, Inc. has a 52-week low of $17.16 and a 52-week high of $23.10. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 27.80 and a beta of 0.92. The business has a 50-day moving average price of $21.49 and a 200-day moving average price of $20.33.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. The company had revenue of $122.31 million during the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, equities analysts anticipate that Broadstone Net Lease, Inc. will post 1.53 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is 153.95%.

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.