Public Employees Retirement System of Ohio Reduces Stock Holdings in Broadstone Net Lease, Inc. $BNL

Public Employees Retirement System of Ohio reduced its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 16.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,829 shares of the company’s stock after selling 42,524 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of Broadstone Net Lease worth $3,998,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its stake in shares of Broadstone Net Lease by 42.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock valued at $35,000 after purchasing an additional 600 shares in the last quarter. Advisory Services Network LLC bought a new position in Broadstone Net Lease in the third quarter worth about $61,000. EverSource Wealth Advisors LLC raised its stake in Broadstone Net Lease by 80.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after buying an additional 1,906 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Broadstone Net Lease by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after buying an additional 1,385 shares during the period. Finally, KBC Group NV lifted its holdings in Broadstone Net Lease by 38.1% in the first quarter. KBC Group NV now owns 7,352 shares of the company’s stock worth $134,000 after buying an additional 2,028 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on BNL. Cantor Fitzgerald upped their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Citizens Jmp lowered Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. BMO Capital Markets upped their price target on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. BTIG Research increased their price objective on Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Finally, Truist Financial set a $22.00 price objective on Broadstone Net Lease in a research report on Monday, June 8th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Broadstone Net Lease currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Broadstone Net Lease Stock Performance

BNL stock opened at $21.48 on Friday. The firm has a 50 day moving average price of $21.24 and a 200-day moving average price of $19.96. Broadstone Net Lease, Inc. has a 52-week low of $16.05 and a 52-week high of $23.10. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 28.26 and a beta of 0.94.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.82% and a net margin of 30.61%.The company had revenue of $122.31 million for the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, sell-side analysts forecast that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio is currently 153.95%.

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.