Strs Ohio Decreases Stock Position in Broadstone Net Lease, Inc. $BNL

Strs Ohio lessened its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 4.5% in the 1st quarter, Holdings Channel reports. The firm owned 582,400 shares of the company’s stock after selling 27,700 shares during the period. Strs Ohio’s holdings in Broadstone Net Lease were worth $10,640,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Strategic Advocates LLC bought a new stake in shares of Broadstone Net Lease in the third quarter worth about $30,000. CIBC Private Wealth Group LLC boosted its stake in Broadstone Net Lease by 42.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock valued at $35,000 after buying an additional 600 shares during the last quarter. Advisory Services Network LLC purchased a new position in Broadstone Net Lease during the 3rd quarter valued at approximately $61,000. EverSource Wealth Advisors LLC grew its holdings in Broadstone Net Lease by 80.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after buying an additional 1,906 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Broadstone Net Lease by 33.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after acquiring an additional 1,385 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BNL shares. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Citizens Jmp downgraded shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Truist Financial set a $22.00 target price on shares of Broadstone Net Lease in a report on Monday, June 8th. Finally, Cantor Fitzgerald upped their target price on shares of 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 analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.78.

Broadstone Net Lease Stock Performance

NYSE BNL opened at $21.24 on Monday. The company has a market cap of $4.07 billion, a P/E ratio of 32.67 and a beta of 0.94. The business’s 50 day moving average price is $20.43 and its 200-day moving average price is $19.35. Broadstone Net Lease, Inc. has a fifty-two week low of $15.67 and a fifty-two week high of $21.50.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $121.40 million during the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, equities analysts predict that Broadstone Net Lease, Inc. will post 1.52 EPS for the current year.

Broadstone Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is 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.