Broadstone Net Lease, Inc. (BNL) to Issue Quarterly Dividend of $0.29 on July 15th

Broadstone Net Lease, Inc. (NYSE:BNL) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.2925 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, June 30th.

Broadstone Net Lease has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 4 years. Broadstone Net Lease has a payout ratio of 151.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Broadstone Net Lease to earn $1.61 per share next year, which means the company should continue to be able to cover its $1.17 annual dividend with an expected future payout ratio of 72.7%.

Broadstone Net Lease Price Performance

BNL stock opened at $21.18 on Friday. The stock has a market capitalization of $4.06 billion, a PE ratio of 32.59 and a beta of 0.95. The company’s 50-day moving average is $20.34 and its 200-day moving average is $19.22. Broadstone Net Lease has a 1 year low of $15.66 and a 1 year high of $21.50.

Broadstone Net Lease (NYSE:BNL) last issued its earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $121.40 million during the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, analysts anticipate that Broadstone Net Lease will post 1.52 earnings per share for the current fiscal year.

Institutional Trading of Broadstone Net Lease

A number of institutional investors and hedge funds have recently modified their holdings of the business. Strategic Advocates LLC purchased a new position in Broadstone Net Lease in the third quarter worth $30,000. CIBC Private Wealth Group LLC increased its position in shares of Broadstone Net Lease by 42.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock valued at $35,000 after purchasing an additional 600 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Broadstone Net Lease during the 3rd quarter worth $61,000. EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 1,906 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Broadstone Net Lease by 33.4% during the 4th 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 period. 89.07% of the stock is owned by hedge funds and other institutional investors.

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.