UBS Group AG Buys 66,637 Shares of Broadstone Net Lease, Inc. $BNL

UBS Group AG grew its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 31.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 280,563 shares of the company’s stock after buying an additional 66,637 shares during the period. UBS Group AG owned 0.15% of Broadstone Net Lease worth $4,873,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of Broadstone Net Lease by 0.9% during the 2nd quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock valued at $1,250,000 after buying an additional 664 shares in the last quarter. Alps Advisors Inc. boosted its holdings in shares of Broadstone Net Lease by 4.7% during the 3rd quarter. Alps Advisors Inc. now owns 16,574 shares of the company’s stock valued at $296,000 after buying an additional 737 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Broadstone Net Lease by 0.9% during the 2nd quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock valued at $1,432,000 after buying an additional 768 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Broadstone Net Lease by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 55,951 shares of the company’s stock valued at $1,000,000 after buying an additional 779 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Broadstone Net Lease by 15.2% during the 3rd quarter. Covestor Ltd now owns 5,928 shares of the company’s stock valued at $106,000 after buying an additional 781 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

BNL has been the topic of a number of research reports. Cantor Fitzgerald boosted their target price on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, UBS Group boosted their target price on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Broadstone Net Lease presently has an average rating of “Moderate Buy” and an average price target of $20.33.

Broadstone Net Lease Price Performance

Shares of Broadstone Net Lease stock opened at $20.41 on Friday. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 31.41 and a beta of 0.96. The firm’s 50-day moving average is $19.54 and its 200 day moving average is $18.73. Broadstone Net Lease, Inc. has a 1 year low of $15.28 and a 1 year high of $20.49.

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 analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $121.40 million for the quarter, compared to analysts’ expectations 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 expect that Broadstone Net Lease, Inc. will post 1.51 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.2925 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a yield of 5.7%. Broadstone Net Lease’s payout ratio is presently 180.00%.

Broadstone Net Lease 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.