Systematic Financial Management LP Acquires 237,214 Shares of Broadstone Net Lease, Inc. $BNL

Systematic Financial Management LP lifted its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 19.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,467,385 shares of the company’s stock after purchasing an additional 237,214 shares during the quarter. Systematic Financial Management LP’s holdings in Broadstone Net Lease were worth $25,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. New England Private Wealth Advisors LLC bought a new stake in shares of Broadstone Net Lease during the 4th quarter worth $27,426,000. LSV Asset Management raised its stake in shares of Broadstone Net Lease by 60.9% during the 4th quarter. LSV Asset Management now owns 2,156,500 shares of the company’s stock worth $37,458,000 after purchasing an additional 816,100 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Broadstone Net Lease by 18.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,369 shares of the company’s stock worth $215,000 after purchasing an additional 1,967 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Broadstone Net Lease by 53.5% during the 4th quarter. Handelsbanken Fonder AB now owns 111,900 shares of the company’s stock worth $1,944,000 after purchasing an additional 39,000 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of Broadstone Net Lease by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 34,691 shares of the company’s stock worth $603,000 after purchasing an additional 2,235 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Stock Performance

Shares of BNL opened at $20.41 on Friday. The business has a 50-day moving average of $19.57 and a 200 day moving average of $18.74. Broadstone Net Lease, Inc. has a fifty-two week low of $15.30 and a fifty-two week high of $20.49. The firm has a market cap of $3.91 billion, a P/E ratio of 31.39 and a beta of 0.96.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The company had revenue of $121.40 million during the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, research analysts predict that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.17 annualized dividend and a yield of 5.7%. Broadstone Net Lease’s dividend payout ratio (DPR) is 180.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BNL shares. UBS Group lifted their target price 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. Cantor Fitzgerald lifted their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $20.33.

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.