Broadstone Net Lease, Inc. $BNL Shares Sold by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC cut its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 10.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 285,946 shares of the company’s stock after selling 34,555 shares during the period. Broadstone Net Lease makes up about 1.2% of Mycio Wealth Partners LLC’s holdings, making the stock its 11th largest holding. Mycio Wealth Partners LLC owned approximately 0.15% of Broadstone Net Lease worth $5,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in Broadstone Net Lease by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock valued at $1,250,000 after purchasing an additional 664 shares during the last quarter. Alps Advisors Inc. raised its position in shares of Broadstone Net Lease by 4.7% during the 3rd quarter. Alps Advisors Inc. now owns 16,574 shares of the company’s stock valued at $296,000 after buying an additional 737 shares during the period. Lazard Asset Management LLC lifted its holdings in Broadstone Net Lease by 0.9% in the second quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock valued at $1,432,000 after acquiring an additional 768 shares during the last quarter. Arizona State Retirement System lifted its holdings in Broadstone Net Lease by 1.4% in the third quarter. Arizona State Retirement System now owns 55,951 shares of the company’s stock valued at $1,000,000 after acquiring an additional 779 shares during the last quarter. Finally, Covestor Ltd grew its position in Broadstone Net Lease by 15.2% in the third quarter. Covestor Ltd now owns 5,928 shares of the company’s stock worth $106,000 after acquiring an additional 781 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

BNL has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Broadstone Net Lease in a research note on Wednesday, January 21st. Cantor Fitzgerald upped their target price on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Broadstone Net Lease in a research note on Thursday, December 4th. Truist Financial boosted their price target on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, November 25th. Finally, BTIG Research decreased their price objective on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, December 5th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Broadstone Net Lease currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.90.

Broadstone Net Lease Price Performance

Shares of NYSE:BNL opened at $19.41 on Monday. The firm has a market capitalization of $3.71 billion, a PE ratio of 38.81 and a beta of 0.99. Broadstone Net Lease, Inc. has a 1 year low of $13.96 and a 1 year high of $19.91. The firm’s 50-day moving average is $18.51 and its two-hundred day moving average is $18.24.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Analysts expect that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.2925 per share. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Broadstone Net Lease’s dividend payout ratio is currently 232.00%.

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.