Walleye Capital LLC Takes $1.99 Million Position in Broadstone Net Lease, Inc. $BNL

Walleye Capital LLC purchased a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 96,319 shares of the company’s stock, valued at approximately $1,991,000.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its position in 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 worth $35,000 after purchasing an additional 600 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Broadstone Net Lease in the third quarter valued at approximately $61,000. EverSource Wealth Advisors LLC grew its stake in shares of Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after buying an additional 1,906 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 buying an additional 1,385 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Broadstone Net Lease by 38.1% during the first quarter. KBC Group NV now owns 7,352 shares of the company’s stock worth $134,000 after buying an additional 2,028 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BNL has been the subject of a number of research reports. BTIG Research increased their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, June 26th. The Goldman Sachs Group boosted their price objective on Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Saturday, August 1st. BMO Capital Markets upped their target price on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Cantor Fitzgerald increased their target price on Broadstone Net Lease from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Truist Financial set a $22.00 target price on Broadstone Net Lease in a research report on Monday, June 8th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.78.

Broadstone Net Lease Trading Up 0.7%

NYSE BNL opened at $21.38 on Friday. The firm has a market capitalization of $4.10 billion, a PE ratio of 28.13 and a beta of 0.92. The business’s 50-day moving average price is $21.41 and its two-hundred day moving average price is $20.15. Broadstone Net Lease, Inc. has a 12 month low of $16.60 and a 12 month high of $23.10.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $122.31 million during the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, analysts forecast that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio is currently 153.95%.

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.