United Capital Financial Advisors LLC Buys Shares of 596,211 Broadstone Net Lease, Inc. $BNL

United Capital Financial Advisors LLC purchased a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the second quarter, Holdings Channel.com reports. The fund purchased 596,211 shares of the company’s stock, valued at approximately $12,324,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Broadstone Net Lease in the 2nd quarter valued at about $712,332,000. State Street Corp lifted its holdings in Broadstone Net Lease by 2.2% during the second quarter. State Street Corp now owns 8,388,518 shares of the company’s stock valued at $136,998,000 after purchasing an additional 178,186 shares during the last quarter. Alliancebernstein L.P. boosted its position in Broadstone Net Lease by 2.7% during the second quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock worth $76,896,000 after purchasing an additional 124,589 shares during the period. Invesco Ltd. increased its stake in shares of Broadstone Net Lease by 391.1% in the fourth quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock worth $79,302,000 after purchasing an additional 3,635,809 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of Broadstone Net Lease by 213.2% in the second quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock worth $69,579,000 after purchasing an additional 2,951,207 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Insider Buying and Selling at Broadstone Net Lease

In other Broadstone Net Lease news, Director Richard P. Imperiale acquired 5,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the completion of the transaction, the director owned 26,250 shares of the company’s stock, valued at approximately $557,025. This represents a 23.53% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.02% of the company’s stock.

Broadstone Net Lease Trading Down 0.7%

BNL stock opened at $21.16 on Friday. The firm has a 50 day moving average of $21.48 and a 200-day moving average of $20.32. Broadstone Net Lease, Inc. has a 12 month low of $17.16 and a 12 month high of $23.10. The firm has a market capitalization of $4.06 billion, a P/E ratio of 27.84 and a beta of 0.92.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. The business had revenue of $122.31 million for the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Sell-side analysts predict that Broadstone Net Lease, Inc. will post 1.53 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 dividend yield of 5.5%. The ex-dividend date is Wednesday, September 30th. Broadstone Net Lease’s payout ratio is 153.95%.

Analyst Ratings Changes

BNL has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Broadstone Net Lease in a research note on Friday, July 31st. Citizens Jmp downgraded Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. BMO Capital Markets raised their price target on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. BTIG Research lifted their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, Truist Financial set a $22.00 price objective on Broadstone Net Lease in a research note 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.