Hsbc Holdings PLC Boosts Stock Position in Broadstone Net Lease, Inc. $BNL

Hsbc Holdings PLC raised its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 47.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 368,825 shares of the company’s stock after buying an additional 118,178 shares during the period. Hsbc Holdings PLC’s holdings in Broadstone Net Lease were worth $6,402,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Strategic Advocates LLC acquired a new position in shares of Broadstone Net Lease during the 3rd quarter worth about $30,000. CIBC Private Wealth Group LLC increased its holdings in shares of Broadstone Net Lease by 42.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock valued at $35,000 after acquiring an additional 600 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Broadstone Net Lease during the 3rd quarter worth about $61,000. EverSource Wealth Advisors LLC raised its position 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 worth $68,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Broadstone Net Lease by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after purchasing an additional 1,385 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BNL has been the subject of a number of research analyst reports. BTIG Research upped their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday. Truist Financial set a $22.00 price objective on shares of Broadstone Net Lease in a research report on Monday, June 8th. Cantor Fitzgerald upped their target price on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Weiss Ratings raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, UBS Group boosted their price target on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.78.

Broadstone Net Lease Trading Up 0.8%

Shares of NYSE BNL opened at $21.18 on Friday. Broadstone Net Lease, Inc. has a twelve month low of $15.66 and a twelve month high of $21.50. The stock has a 50 day moving average of $20.34 and a two-hundred day moving average of $19.22. The stock has a market cap of $4.06 billion, a P/E ratio of 32.59 and a beta of 0.95.

Broadstone Net Lease (NYSE:BNL) last announced its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $121.40 million for the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. 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 1.52 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 180.00%.

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.