Broadstone Net Lease, Inc. $BNL Stock Position Decreased by Aew Capital Management L P

Aew Capital Management L P lessened its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 6.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,422,984 shares of the company’s stock after selling 221,249 shares during the quarter. Broadstone Net Lease makes up 4.3% of Aew Capital Management L P’s portfolio, making the stock its 13th largest holding. Aew Capital Management L P’s holdings in Broadstone Net Lease were worth $59,457,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in Broadstone Net Lease by 2.2% during the 2nd quarter. State Street Corp now owns 8,388,518 shares of the company’s stock worth $136,998,000 after buying an additional 178,186 shares during the last quarter. Centersquare Investment Management LLC grew its stake in Broadstone Net Lease by 3.0% during the 3rd quarter. Centersquare Investment Management LLC now owns 5,052,587 shares of the company’s stock worth $90,290,000 after buying an additional 146,402 shares during the last quarter. Alliancebernstein L.P. grew its stake in Broadstone Net Lease by 2.7% during the 2nd quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock worth $76,896,000 after buying an additional 124,589 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Broadstone Net Lease by 213.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock worth $69,579,000 after buying an additional 2,951,207 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Broadstone Net Lease by 38.5% during the 3rd quarter. Bank of America Corp DE now owns 2,471,224 shares of the company’s stock worth $44,161,000 after buying an additional 686,938 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analysts Set New Price Targets

BNL has been the subject of a number of recent research reports. Cantor Fitzgerald upped their price objective on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. UBS Group upped their target price on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Finally, Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.33.

Broadstone Net Lease Stock Performance

NYSE:BNL opened at $20.43 on Thursday. Broadstone Net Lease, Inc. has a 1 year low of $15.28 and a 1 year high of $20.48. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 31.42 and a beta of 0.96. The business has a fifty day moving average of $19.51 and a 200-day moving average of $18.71.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The business had revenue of $121.40 million during the quarter, compared to analysts’ expectations 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. On average, equities research analysts predict that Broadstone Net Lease, Inc. will post 1.51 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.17 annualized dividend and a yield of 5.7%. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 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.