Wealth Enhancement Advisory Services LLC Has $8.75 Million Position in Broadstone Net Lease, Inc. $BNL

Wealth Enhancement Advisory Services LLC boosted its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 39.7% during the third quarter, HoldingsChannel.com reports. The fund owned 471,426 shares of the company’s stock after purchasing an additional 134,004 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Broadstone Net Lease were worth $8,750,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BNL. Royal Bank of Canada raised its holdings in shares of Broadstone Net Lease by 69.9% in the 1st quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock worth $1,566,000 after buying an additional 37,830 shares in the last quarter. AQR Capital Management LLC grew its position in Broadstone Net Lease by 52.8% in the first quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock valued at $436,000 after acquiring an additional 8,848 shares during the period. Millennium Management LLC raised its stake in Broadstone Net Lease by 2.3% during the first quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock worth $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 lifted its holdings in shares of Broadstone Net Lease by 5.8% during 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 boosted its stake in shares of Broadstone Net Lease by 292.3% in the 1st quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after purchasing an additional 412,604 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

BNL has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research report on Monday, December 29th. Cantor Fitzgerald set a $20.00 target price on shares of Broadstone Net Lease in a research note on Monday, January 5th. Wall Street Zen upgraded Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Truist Financial lifted their price objective on Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, November 25th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Broadstone Net Lease in a research note on Thursday, December 4th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Broadstone Net Lease presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.91.

Broadstone Net Lease Stock Up 0.5%

Shares of BNL opened at $18.51 on Friday. The stock’s fifty day simple moving average is $17.83 and its 200-day simple moving average is $17.73. The firm has a market capitalization of $3.50 billion, a PE ratio of 39.37 and a beta of 1.01. Broadstone Net Lease, Inc. has a 12-month low of $13.96 and a 12-month high of $18.87.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.14 earnings per share 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 the consensus estimate of $111.89 million. Broadstone Net Lease had a return on equity of 2.93% and a net margin of 20.04%.Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. Analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

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.