Pensionfund PDN Makes New Investment in Broadstone Net Lease, Inc. $BNL

Pensionfund PDN bought a new stake in Broadstone Net Lease, Inc. (NYSE:BNL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 90,000 shares of the company’s stock, valued at approximately $1,563,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BNL. State Street Corp lifted its holdings in Broadstone Net Lease by 2.2% during the second quarter. State Street Corp now owns 8,388,518 shares of the company’s stock worth $136,998,000 after acquiring an additional 178,186 shares during the period. Centersquare Investment Management LLC grew its stake in Broadstone Net Lease by 3.0% in the 3rd quarter. Centersquare Investment Management LLC now owns 5,052,587 shares of the company’s stock valued at $90,290,000 after purchasing an additional 146,402 shares during the period. Alliancebernstein L.P. increased its position in shares of Broadstone Net Lease by 2.7% during the 2nd quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock valued at $76,896,000 after purchasing an additional 124,589 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Broadstone Net Lease by 213.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock valued at $69,579,000 after purchasing an additional 2,951,207 shares during the last quarter. Finally, Aew Capital Management L P raised its stake in shares of Broadstone Net Lease by 44.5% during the 3rd quarter. Aew Capital Management L P now owns 3,644,233 shares of the company’s stock worth $65,122,000 after purchasing an additional 1,122,124 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Broadstone Net Lease Stock Up 0.1%

NYSE BNL opened at $18.66 on Tuesday. The company’s 50 day moving average is $19.00 and its 200-day moving average is $18.38. Broadstone Net Lease, Inc. has a 12-month low of $13.96 and a 12-month high of $19.91. The firm has a market cap of $3.57 billion, a P/E ratio of 37.32 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.20). Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Equities analysts expect that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.3%. Broadstone Net Lease’s dividend payout ratio is 234.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald boosted their price target on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, February 24th. Weiss Ratings downgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. UBS Group lifted their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. BTIG Research reduced their target price on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Finally, Truist Financial raised their price target on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, November 25th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.22.

Broadstone Net Lease Company 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.