Broadstone Net Lease, Inc. $BNL Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP reduced its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,443,139 shares of the company’s stock after selling 24,246 shares during the period. Systematic Financial Management LP’s holdings in Broadstone Net Lease were worth $26,366,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC grew its stake in shares of Broadstone Net Lease by 42.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after purchasing an additional 600 shares in the last quarter. American Century Companies Inc. raised its stake in Broadstone Net Lease by 0.9% in the second 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. Lazard Asset Management LLC raised its stake in Broadstone Net Lease by 0.9% in the second 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. Rockefeller Capital Management L.P. lifted its holdings in Broadstone Net Lease by 5.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company’s stock worth $335,000 after buying an additional 944 shares during the last quarter. Finally, FJ Capital Management LLC lifted its holdings in Broadstone Net Lease by 8.2% during the 2nd quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock worth $205,000 after buying an additional 965 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Broadstone Net Lease Stock Performance

Broadstone Net Lease stock opened at $22.39 on Friday. The company has a market capitalization of $4.29 billion, a P/E ratio of 34.45 and a beta of 0.94. Broadstone Net Lease, Inc. has a fifty-two week low of $15.67 and a fifty-two week high of $23.10. The stock has a 50-day simple moving average of $21.05 and a 200-day simple moving average of $19.81.

Broadstone Net Lease (NYSE:BNL) last released 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 firm had revenue of $121.40 million for the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, analysts forecast that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial set a $22.00 price objective on Broadstone Net Lease in a report on Monday, June 8th. KeyCorp boosted their target price on Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Citizens Jmp cut Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. BTIG Research upped their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Broadstone Net Lease currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

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.