Universal Beteiligungs und Servicegesellschaft mbH Sells 357,014 Shares of Broadstone Net Lease, Inc. $BNL

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 87.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,629 shares of the company’s stock after selling 357,014 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Broadstone Net Lease were worth $829,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Intech Investment Management LLC boosted its holdings in shares of Broadstone Net Lease by 6.3% during the 2nd quarter. Intech Investment Management LLC now owns 131,074 shares of the company’s stock valued at $2,104,000 after acquiring an additional 7,826 shares in the last quarter. Cetera Investment Advisers raised its position in Broadstone Net Lease by 26.6% in the second 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. Creative Planning boosted its stake in shares of Broadstone Net Lease by 0.6% during 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 in the last quarter. SG Americas Securities LLC grew its holdings in shares of Broadstone Net Lease by 178.7% during the second quarter. SG Americas Securities LLC now owns 61,312 shares of the company’s stock worth $984,000 after purchasing an additional 39,316 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in shares of Broadstone Net Lease by 8.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 43,442 shares of the company’s stock valued at $697,000 after buying an additional 3,282 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Broadstone Net Lease Stock Down 0.9%

BNL opened at $17.57 on Friday. Broadstone Net Lease, Inc. has a twelve month low of $13.96 and a twelve month high of $18.87. The company has a fifty day moving average of $18.24 and a 200-day moving average of $17.22. The stock has a market cap of $3.32 billion, a PE ratio of 37.37 and a beta of 1.00.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.23). Broadstone Net Lease had a net margin of 20.04% and a return on equity of 2.91%. The firm had revenue of $114.17 million for the quarter, compared to the consensus estimate of $111.89 million. Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. Sell-side analysts anticipate 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. Investors of record on Wednesday, December 31st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.16 annualized dividend and a yield of 6.6%. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 246.81%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BNL. Truist Financial lifted their target price on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday. KeyCorp upgraded shares of Broadstone Net Lease from a “sector weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Tuesday, August 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Broadstone Net Lease in a report on Wednesday, October 8th. BTIG Research reaffirmed a “buy” rating and set a $22.00 target price on shares of Broadstone Net Lease in a research report on Wednesday, October 1st. Finally, Cantor Fitzgerald began coverage on Broadstone Net Lease in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $21.00 price target on the stock. 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. Based on data from MarketBeat, Broadstone Net Lease has an average rating of “Moderate Buy” and an average price target of $20.11.

About Broadstone Net Lease

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.