75,594 Shares in Broadstone Net Lease, Inc. $BNL Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC bought a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the 4th quarter, HoldingsChannel.com reports. The fund bought 75,594 shares of the company’s stock, valued at approximately $1,313,000.

Other hedge funds have also bought and sold shares of the company. Balyasny Asset Management L.P. raised its holdings in shares of Broadstone Net Lease by 213.2% in the second quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock worth $69,579,000 after buying an additional 2,951,207 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Broadstone Net Lease during the third quarter valued at $37,998,000. New England Private Wealth Advisors LLC acquired a new position in shares of Broadstone Net Lease in the 4th quarter valued at $27,426,000. American Century Companies Inc. increased its position in shares of Broadstone Net Lease by 1,640.8% in the 3rd quarter. American Century Companies Inc. now owns 1,355,448 shares of the company’s stock valued at $24,222,000 after acquiring an additional 1,277,583 shares during the period. Finally, Aew Capital Management L P raised its stake in Broadstone Net Lease by 44.5% in the 3rd quarter. Aew Capital Management L P now owns 3,644,233 shares of the company’s stock worth $65,122,000 after acquiring an additional 1,122,124 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

BNL has been the subject of a number of research reports. 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 report on Monday, May 4th. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, UBS Group raised their price objective 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Broadstone Net Lease has a consensus rating of “Moderate Buy” and a consensus target price of $20.33.

Broadstone Net Lease Price Performance

NYSE:BNL opened at $20.34 on Friday. The firm has a market capitalization of $3.89 billion, a P/E ratio of 31.30 and a beta of 0.96. Broadstone Net Lease, Inc. has a 1-year low of $15.65 and a 1-year high of $20.75. The company’s fifty day moving average price is $19.65 and its 200-day moving average price is $18.82.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $121.40 million during the quarter, compared to analysts’ expectations 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. Equities analysts anticipate that Broadstone Net Lease, Inc. will post 1.51 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio 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.