Broadstone Net Lease, Inc. (NYSE:BNL) Short Interest Up 73.3% in August

Broadstone Net Lease, Inc. (NYSE:BNL) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 20,057,438 shares, an increase of 73.3% from the July 30th total of 11,574,138 shares. Based on an average daily trading volume, of 2,755,487 shares, the days-to-cover ratio is currently 7.3 days. Currently, 10.6% of the company’s stock are sold short.

Insiders Place Their Bets

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 cost of $21.22 per share, with a total value of $106,100.00. Following the transaction, the director directly owned 26,250 shares of the company’s stock, valued at approximately $557,025. This represents a 23.53% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BNL. Allworth Financial LP purchased a new stake in Broadstone Net Lease in the second quarter valued at $34,000. CIBC Private Wealth Group LLC grew its position in 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 worth $35,000 after purchasing an additional 600 shares during the period. Advisory Services Network LLC purchased a new position in shares of Broadstone Net Lease during the 3rd quarter valued at about $61,000. EverSource Wealth Advisors LLC raised its stake in shares of Broadstone Net Lease by 80.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after buying an additional 1,906 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Broadstone Net Lease in the 2nd quarter valued at about $74,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Up 0.0%

Broadstone Net Lease stock opened at $20.87 on Wednesday. The stock has a 50-day moving average price of $21.49 and a 200 day moving average price of $20.35. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 27.46 and a beta of 0.91. Broadstone Net Lease has a 52 week low of $17.16 and a 52 week high of $23.10.

Broadstone Net Lease (NYSE:BNL) last issued 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 net margin of 30.61% and a return on equity of 4.83%. 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. Research analysts anticipate that Broadstone Net Lease will post 1.53 EPS for the current fiscal 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 is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.6%. Broadstone Net Lease’s dividend payout ratio is presently 153.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BNL shares. BMO Capital Markets boosted 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. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. BTIG Research lifted their target price on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. The Goldman Sachs Group boosted their target price on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Saturday, August 1st. Finally, KeyCorp upped their price target on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.78.

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.