Farther Finance Advisors LLC Has $669,000 Stake in Broadstone Net Lease, Inc. $BNL

Farther Finance Advisors LLC lowered its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 48.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,428 shares of the company’s stock after selling 35,247 shares during the period. Farther Finance Advisors LLC’s holdings in Broadstone Net Lease were worth $669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BNL. Evermay Wealth Management LLC lifted its holdings 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 during the period. American Century Companies Inc. lifted its stake 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 period. Lazard Asset Management LLC boosted its holdings in Broadstone Net Lease by 0.9% during the second quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock valued at $1,432,000 after purchasing an additional 768 shares in the last quarter. FJ Capital Management LLC grew its stake in shares of Broadstone Net Lease by 8.2% in the 2nd quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock valued at $205,000 after purchasing an additional 965 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Broadstone Net Lease by 0.4% in the 2nd quarter. Asset Management One Co. Ltd. now owns 374,475 shares of the company’s stock worth $6,010,000 after buying an additional 1,381 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Up 0.4%

Shares of NYSE BNL opened at $17.56 on Wednesday. Broadstone Net Lease, Inc. has a 12-month low of $13.96 and a 12-month high of $18.87. The firm’s 50-day simple moving average is $17.86 and its 200 day simple moving average is $17.49. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 37.36 and a beta of 1.03.

Broadstone Net Lease (NYSE:BNL) last announced its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.23). Broadstone Net Lease had a return on equity of 2.93% and a net margin of 20.04%.The company had revenue of $114.17 million during 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. On average, equities analysts expect that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Wednesday, December 31st. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 246.81%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BNL shares. Wall Street Zen upgraded Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Sunday, November 30th. BTIG Research lowered their target price on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, December 5th. BMO Capital Markets reissued an “outperform” 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 report on Monday, September 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Broadstone Net Lease in a report on Thursday, December 4th. Nine investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Broadstone Net Lease Company 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.