56,259 Shares in Broadstone Net Lease, Inc. $BNL Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. bought a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,259 shares of the company’s stock, valued at approximately $903,000.

Other hedge funds also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC boosted its stake in shares of Broadstone Net Lease by 1.4% during the 2nd quarter. Evermay Wealth Management LLC now owns 47,560 shares of the company’s stock worth $766,000 after acquiring an additional 656 shares in the last quarter. American Century Companies Inc. raised its holdings in Broadstone Net Lease by 0.9% during the second quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock worth $1,250,000 after purchasing an additional 664 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Broadstone Net Lease by 0.4% during the second quarter. Asset Management One Co. Ltd. now owns 374,475 shares of the company’s stock worth $6,010,000 after purchasing an additional 1,381 shares in the last quarter. Brighton Jones LLC boosted its position in Broadstone Net Lease by 10.9% during the second quarter. Brighton Jones LLC now owns 14,358 shares of the company’s stock worth $230,000 after purchasing an additional 1,413 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Broadstone Net Lease by 10.6% in the second quarter. QRG Capital Management Inc. now owns 15,566 shares of the company’s stock valued at $250,000 after purchasing an additional 1,488 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Broadstone Net Lease Price Performance

NYSE:BNL opened at $17.44 on Friday. The firm has a market cap of $3.30 billion, a PE ratio of 37.10 and a beta of 1.03. The firm has a 50 day simple moving average of $18.16 and a 200-day simple moving average of $17.28. Broadstone Net Lease, Inc. has a 1-year low of $13.96 and a 1-year high of $18.87.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.23). The firm had revenue of $114.17 million during the quarter, compared to analysts’ expectations of $111.89 million. Broadstone Net Lease had a return on equity of 2.93% and a net margin of 20.04%.Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. As a group, sell-side analysts expect that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 6.7%. The ex-dividend date is Wednesday, December 31st. Broadstone Net Lease’s dividend payout ratio is presently 246.81%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Broadstone Net Lease in a research note on Thursday. JMP Securities reaffirmed a “market outperform” rating and issued a $21.00 price target on shares of Broadstone Net Lease in a report on Monday, September 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Broadstone Net Lease in a research note on Wednesday, October 8th. KeyCorp upgraded Broadstone Net Lease from a “sector weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Tuesday, August 19th. Finally, Truist Financial increased their target price on Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, November 25th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Broadstone Net Lease currently has an average rating of “Moderate Buy” and an average price target of $20.10.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.