Neo Ivy Capital Management Makes New $2.84 Million Investment in Broadstone Net Lease, Inc. $BNL

Neo Ivy Capital Management purchased a new stake in Broadstone Net Lease, Inc. (NYSE:BNL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 158,684 shares of the company’s stock, valued at approximately $2,836,000. Neo Ivy Capital Management owned 0.08% of Broadstone Net Lease as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaQuest LLC bought a new stake in Broadstone Net Lease in the third quarter valued at about $1,895,000. Principal Financial Group Inc. lifted its stake in Broadstone Net Lease by 11.0% in the third quarter. Principal Financial Group Inc. now owns 548,917 shares of the company’s stock valued at $9,809,000 after buying an additional 54,582 shares during the period. Franklin Resources Inc. boosted its holdings in Broadstone Net Lease by 14.6% during the second quarter. Franklin Resources Inc. now owns 649,748 shares of the company’s stock worth $10,428,000 after buying an additional 82,779 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Broadstone Net Lease by 39.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 471,426 shares of the company’s stock worth $8,750,000 after buying an additional 134,004 shares during the last quarter. Finally, Columbus Macro LLC grew its position in shares of Broadstone Net Lease by 13.0% during the 3rd quarter. Columbus Macro LLC now owns 614,998 shares of the company’s stock worth $10,990,000 after buying an additional 70,823 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Stock Up 0.5%

Broadstone Net Lease stock opened at $19.14 on Friday. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 38.28 and a beta of 0.99. The business has a 50-day simple moving average of $18.67 and a 200 day simple moving average of $18.31. Broadstone Net Lease, Inc. has a 52 week low of $13.96 and a 52 week high of $19.91.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share (EPS) 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. On average, research analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current 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. The ex-dividend date is Tuesday, March 31st. This represents a $1.17 annualized dividend and a dividend yield of 6.1%. Broadstone Net Lease’s dividend payout ratio is 232.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on BNL shares. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Truist Financial boosted their price objective on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, November 25th. Morgan Stanley increased their target price on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a report on Monday, December 29th. Citizens Jmp reissued a “market outperform” rating and set a $21.00 price target on shares of Broadstone Net Lease in a research report on Tuesday, December 2nd. Finally, Cantor Fitzgerald boosted their price target on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Broadstone Net Lease has an average rating of “Moderate Buy” and a consensus target price of $19.90.

About Broadstone Net Lease

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.