Broadstone Net Lease, Inc. $BNL Shares Purchased by Columbus Macro LLC

Columbus Macro LLC raised its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 614,998 shares of the company’s stock after buying an additional 70,823 shares during the period. Broadstone Net Lease comprises 1.3% of Columbus Macro LLC’s investment portfolio, making the stock its 16th largest position. Columbus Macro LLC owned 0.33% of Broadstone Net Lease worth $10,990,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BNL. Jane Street Group LLC lifted its holdings in Broadstone Net Lease by 292.3% in the 1st quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock worth $9,436,000 after buying an additional 412,604 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Broadstone Net Lease by 14.6% during the second quarter. Franklin Resources Inc. now owns 649,748 shares of the company’s stock worth $10,428,000 after acquiring an additional 82,779 shares during the last quarter. Canandaigua National Trust Co of Florida purchased a new stake in shares of Broadstone Net Lease during the second quarter worth about $965,000. Promethium Advisors LLC lifted its stake in shares of Broadstone Net Lease by 12.1% in the first quarter. Promethium Advisors LLC now owns 206,513 shares of the company’s stock worth $3,579,000 after acquiring an additional 22,226 shares in the last quarter. Finally, AlTi Global Inc. purchased a new position in Broadstone Net Lease in the first quarter valued at about $976,000. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on BNL shares. Cantor Fitzgerald restated an “overweight” rating on shares of Broadstone Net Lease in a report on Thursday, December 4th. JMP Securities restated a “market outperform” rating and issued a $21.00 price target on shares of Broadstone Net Lease in a research note on Monday, September 29th. BTIG Research reduced their price objective on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Truist Financial raised their price objective on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, November 25th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $21.00 target price on shares of Broadstone Net Lease in a research note on Tuesday, December 2nd. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Broadstone Net Lease currently has an average rating of “Moderate Buy” and a consensus target price of $20.10.

Broadstone Net Lease Price Performance

Shares of BNL opened at $17.52 on Friday. The stock has a market capitalization of $3.31 billion, a PE ratio of 37.27 and a beta of 1.03. The business’s fifty day moving average price is $17.91 and its 200 day moving average price is $17.47. Broadstone Net Lease, Inc. has a 12-month low of $13.96 and a 12-month high of $18.87.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.23). Broadstone Net Lease had a net margin of 20.04% and a return on equity of 2.93%. The business had revenue of $114.17 million for the quarter, compared to the consensus estimate of $111.89 million. Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.16 annualized dividend and a yield of 6.6%. Broadstone Net Lease’s dividend payout ratio is 246.81%.

Broadstone Net Lease Profile

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.