Quantbot Technologies LP Makes New $999,000 Investment in Broadstone Net Lease, Inc. $BNL

Quantbot Technologies LP bought a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 48,318 shares of the company’s stock, valued at approximately $999,000.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP purchased a new stake in Broadstone Net Lease during the 2nd quarter valued at about $34,000. CIBC Private Wealth Group LLC lifted its stake in 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 worth $35,000 after purchasing an additional 600 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Broadstone Net Lease during the 3rd quarter worth approximately $61,000. EverSource Wealth Advisors LLC boosted its holdings 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 last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Broadstone Net Lease in the second quarter valued at approximately $74,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadstone Net Lease

In related news, Director Richard P. Imperiale bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the acquisition, the director owned 26,250 shares of the company’s stock, valued at approximately $557,025. This trade represents a 23.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

Broadstone Net Lease Stock Down 1.1%

NYSE:BNL opened at $21.32 on Thursday. Broadstone Net Lease, Inc. has a 52 week low of $17.16 and a 52 week high of $23.10. The stock’s fifty day moving average is $21.47 and its two-hundred day moving average is $20.31. The company has a market capitalization of $4.09 billion, a P/E ratio of 28.05 and a beta of 0.92.

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. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.The firm had revenue of $122.31 million during the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Sell-side analysts anticipate that Broadstone Net Lease, Inc. will post 1.53 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BNL. BMO Capital Markets lifted their price objective on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Weiss Ratings restated a “buy (b)” rating on shares of Broadstone Net Lease in a report on Friday, July 31st. BTIG Research raised their target price on Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. KeyCorp lifted their price target on Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a research report on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.78.

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.