Cooper Haims Advisors LLC Makes New $1.29 Million Investment in Broadstone Net Lease, Inc. $BNL

Cooper Haims Advisors LLC purchased a new stake in Broadstone Net Lease, Inc. (NYSE:BNL) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 62,670 shares of the company’s stock, valued at approximately $1,295,000. Broadstone Net Lease accounts for 0.6% of Cooper Haims Advisors LLC’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Broadstone Net Lease during the second quarter worth about $712,332,000. Invesco Ltd. raised its holdings in shares of Broadstone Net Lease by 391.1% in the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after acquiring an additional 3,635,809 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Broadstone Net Lease by 213.2% in 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 acquiring an additional 2,951,207 shares in the last quarter. Norges Bank bought a new stake in shares of Broadstone Net Lease during the 4th quarter valued at about $41,471,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Broadstone Net Lease during the 2nd quarter valued at about $39,745,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup lowered Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. Citizens Jmp lowered shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Cantor Fitzgerald boosted their price target on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. BTIG Research increased their price target on shares of 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 shares of Broadstone Net Lease in a research report on Monday, June 8th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Broadstone Net Lease has an average rating of “Moderate Buy” and a consensus price target of $22.78.

Broadstone Net Lease Trading Up 1.6%

BNL opened at $21.55 on Wednesday. The stock has a 50-day moving average price of $21.45 and a 200-day moving average price of $20.30. Broadstone Net Lease, Inc. has a 12-month low of $17.16 and a 12-month high of $23.10. The stock has a market capitalization of $4.13 billion, a P/E ratio of 28.35 and a beta of 0.92.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $122.31 million for the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, equities research analysts predict that Broadstone Net Lease, Inc. will post 1.53 EPS for the current year.

Broadstone Net Lease Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.4%. Broadstone Net Lease’s dividend payout ratio is 153.95%.

Insider Activity at Broadstone Net Lease

In other Broadstone Net Lease news, Director Richard P. Imperiale bought 5,000 shares of Broadstone Net Lease stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of $21.22 per share, with a total value of $106,100.00. Following the acquisition, the director owned 26,250 shares in the company, valued at approximately $557,025. This trade represents a 23.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.02% of the company’s stock.

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.