BTC Capital Management Inc. Has $4.88 Million Stock Holdings in Broadstone Net Lease, Inc. $BNL

BTC Capital Management Inc. increased its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 15.8% during the first quarter, Holdings Channel reports. The firm owned 267,018 shares of the company’s stock after buying an additional 36,465 shares during the quarter. BTC Capital Management Inc.’s holdings in Broadstone Net Lease were worth $4,877,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Miller Global Investments LLC acquired a new position in shares of Broadstone Net Lease in the fourth quarter valued at $953,000. American Century Companies Inc. raised its position in shares of Broadstone Net Lease by 1,640.8% in the third quarter. American Century Companies Inc. now owns 1,355,448 shares of the company’s stock valued at $24,222,000 after purchasing an additional 1,277,583 shares during the period. Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of Broadstone Net Lease during the 3rd quarter worth about $2,224,000. Pensionfund PDN acquired a new stake in shares of Broadstone Net Lease during the 4th quarter worth about $1,563,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Broadstone Net Lease during the 3rd quarter worth about $2,836,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on BNL. Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a research note on Monday, June 8th. UBS Group raised their price objective 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. Citizens Jmp cut Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Citigroup cut Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. Finally, Cantor Fitzgerald upped their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Broadstone Net Lease currently has an average rating of “Moderate Buy” and an average target price of $20.56.

Broadstone Net Lease Stock Performance

BNL opened at $21.09 on Thursday. The stock has a fifty day moving average of $20.31 and a 200-day moving average of $19.18. The company has a market capitalization of $4.04 billion, a P/E ratio of 32.45 and a beta of 0.95. Broadstone Net Lease, Inc. has a fifty-two week low of $15.66 and a fifty-two week high of $21.50.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. The business had revenue of $121.40 million for the quarter, compared to the consensus estimate of $118.84 million. 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 1.52 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a yield of 5.5%. Broadstone Net Lease’s payout ratio 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.