Richard Imperiale Buys 5,000 Shares of Broadstone Net Lease (NYSE:BNL) Stock

Broadstone Net Lease, Inc. (NYSE:BNL) Director Richard Imperiale purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the purchase, the director owned 26,250 shares in the company, valued at $557,025. The trade was a 23.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Broadstone Net Lease Trading Up 1.6%

BNL stock opened at $21.55 on Wednesday. Broadstone Net Lease, Inc. has a 1 year low of $17.16 and a 1 year high of $23.10. The company has a fifty day simple moving average of $21.45 and a 200 day simple moving average of $20.30. The firm has a market cap of $4.13 billion, a PE ratio of 28.35 and a beta of 0.92.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $122.31 million for the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, analysts forecast that Broadstone Net Lease, Inc. will post 1.53 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.4%. Broadstone Net Lease’s dividend payout ratio is currently 153.95%.

Institutional Investors Weigh In On Broadstone Net Lease

Several hedge funds have recently made changes to their positions in BNL. Royal Bank of Canada raised its stake in shares of Broadstone Net Lease by 69.9% in the first quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock valued at $1,566,000 after purchasing an additional 37,830 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Broadstone Net Lease by 52.8% during the 1st quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock worth $436,000 after acquiring an additional 8,848 shares during the period. Millennium Management LLC boosted its position in shares of Broadstone Net Lease by 2.3% during the 1st quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock valued at $19,551,000 after acquiring an additional 25,944 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Broadstone Net Lease by 5.8% in 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 valued at $21,877,000 after acquiring an additional 70,534 shares during the period. Finally, Jane Street Group LLC increased its stake in Broadstone Net Lease by 292.3% in the first quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after acquiring an additional 412,604 shares during the period. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BNL. BTIG Research boosted their target price on Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, June 26th. BMO Capital Markets lifted their price target on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Citigroup cut shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Cantor Fitzgerald upped their price objective on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Citizens Jmp lowered shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.78.

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.