Public Employees Retirement System of Ohio Acquires Shares of 219,856 Broadstone Net Lease, Inc. $BNL

Public Employees Retirement System of Ohio acquired a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 219,856 shares of the company’s stock, valued at approximately $4,544,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Broadstone Net Lease in the second quarter valued at approximately $712,332,000. State Street Corp lifted its holdings in shares of Broadstone Net Lease by 2.2% during the second quarter. State Street Corp now owns 8,388,518 shares of the company’s stock worth $136,998,000 after purchasing an additional 178,186 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Broadstone Net Lease by 2.7% during the second quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock worth $76,896,000 after purchasing an additional 124,589 shares during the period. Invesco Ltd. grew its position in 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 buying an additional 3,635,809 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its position in 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 buying an additional 2,951,207 shares during the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Broadstone Net Lease

In related news, Director Richard P. Imperiale acquired 5,000 shares of Broadstone Net Lease stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the completion of the purchase, the director directly owned 26,250 shares of the company’s stock, valued at approximately $557,025. This trade represents a 23.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is owned by company insiders.

Broadstone Net Lease Price Performance

Broadstone Net Lease stock opened at $21.05 on Thursday. The stock’s 50 day moving average price is $21.49 and its 200 day moving average price is $20.37. Broadstone Net Lease, Inc. has a 1-year low of $17.16 and a 1-year high of $23.10. The company has a market cap of $4.04 billion, a PE ratio of 27.70 and a beta of 0.91.

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

Broadstone Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 153.95%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BTIG Research upped their price objective on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. BMO Capital Markets boosted their price target on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. The Goldman Sachs Group increased their price target on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Saturday, August 1st. Finally, Truist Financial set a $22.00 price objective on shares of Broadstone Net Lease in a research report on Monday, June 8th. Seven investment 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 presently has an average rating of “Moderate Buy” and an average target price of $22.78.

Broadstone Net Lease 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.