EMC Capital Management Invests $127,000 in Broadstone Net Lease, Inc. $BNL

EMC Capital Management bought a new stake in Broadstone Net Lease, Inc. (NYSE:BNL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,888 shares of the company’s stock, valued at approximately $127,000.

A number of other large investors have also recently bought and sold shares of the business. LSV Asset Management increased its stake in Broadstone Net Lease by 135.9% in the second quarter. LSV Asset Management now owns 976,200 shares of the company’s stock valued at $15,668,000 after purchasing an additional 562,400 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Broadstone Net Lease by 3.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 268,500 shares of the company’s stock valued at $4,309,000 after acquiring an additional 9,200 shares during the last quarter. Intech Investment Management LLC lifted its position in Broadstone Net Lease by 6.3% during the 2nd quarter. Intech Investment Management LLC now owns 131,074 shares of the company’s stock worth $2,104,000 after acquiring an additional 7,826 shares during the period. Cetera Investment Advisers grew its stake in shares of Broadstone Net Lease by 26.6% in the 2nd quarter. Cetera Investment Advisers now owns 539,431 shares of the company’s stock valued at $8,658,000 after purchasing an additional 113,429 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Broadstone Net Lease by 0.6% in the second quarter. Creative Planning now owns 544,696 shares of the company’s stock valued at $8,742,000 after purchasing an additional 3,104 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

BNL opened at $18.08 on Thursday. Broadstone Net Lease, Inc. has a 1-year low of $13.96 and a 1-year high of $18.87. The stock has a market cap of $3.42 billion, a P/E ratio of 38.46 and a beta of 1.00. The stock’s 50 day simple moving average is $18.32 and its 200 day simple moving average is $17.16.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.23). The firm had revenue of $114.17 million for the quarter, compared to analyst estimates of $111.89 million. Broadstone Net Lease had a return on equity of 2.91% and a net margin of 20.04%. Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. Research analysts expect that Broadstone Net Lease, Inc. will post 1.43 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, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.4%. The ex-dividend date is Wednesday, December 31st. Broadstone Net Lease’s dividend payout ratio (DPR) is 246.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group raised Broadstone Net Lease from a “sell” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, August 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $21.00 target price on shares of Broadstone Net Lease in a report on Monday, September 29th. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Broadstone Net Lease in a research note on Wednesday, October 8th. Finally, BTIG Research restated a “buy” rating and issued a $22.00 price target on shares of Broadstone Net Lease in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.89.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.