Broadstone Net Lease, Inc. $BNL Shares Sold by Centersquare Investment Management LLC

Centersquare Investment Management LLC cut its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 26.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,718,684 shares of the company’s stock after selling 1,333,903 shares during the period. Centersquare Investment Management LLC’s holdings in Broadstone Net Lease were worth $64,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Broadstone Net Lease by 0.9% in the second quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock worth $1,250,000 after acquiring an additional 664 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Broadstone Net Lease by 4.7% in the third quarter. Alps Advisors Inc. now owns 16,574 shares of the company’s stock worth $296,000 after acquiring an additional 737 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Broadstone Net Lease by 0.9% in the second quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock worth $1,432,000 after acquiring an additional 768 shares during the last quarter. FJ Capital Management LLC boosted its stake in shares of Broadstone Net Lease by 8.2% in the second quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock worth $205,000 after acquiring an additional 965 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Broadstone Net Lease by 24.6% in the third quarter. EverSource Wealth Advisors LLC now owns 5,311 shares of the company’s stock worth $95,000 after acquiring an additional 1,050 shares during the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Cantor Fitzgerald lifted their price target on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Truist Financial set a $22.00 price target on Broadstone Net Lease in a research note on Monday. Finally, UBS Group lifted their price target on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.56.

Broadstone Net Lease Stock Performance

Shares of Broadstone Net Lease stock opened at $20.93 on Friday. Broadstone Net Lease, Inc. has a one year low of $15.66 and a one year high of $21.50. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 32.21 and a beta of 0.95. The business’s 50 day moving average price is $20.00 and its 200 day moving average price is $18.98.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The firm had revenue of $121.40 million for the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, analysts predict that Broadstone Net Lease, Inc. will post 1.52 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.2925 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a yield of 5.6%. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 180.00%.

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.