Broadstone Net Lease, Inc. $BNL Stake Raised by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY grew its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 744,528 shares of the company’s stock after purchasing an additional 38,473 shares during the period. Cobblestone Capital Advisors LLC NY owned approximately 0.39% of Broadstone Net Lease worth $13,305,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in Broadstone Net Lease by 1,640.8% during 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 last quarter. GSI Capital Advisors LLC bought a new position in shares of Broadstone Net Lease in the third quarter valued at $3,543,000. Choreo LLC acquired a new stake in shares of Broadstone Net Lease during the 3rd quarter valued at $221,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Broadstone Net Lease by 4.0% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 141,557 shares of the company’s stock valued at $2,530,000 after acquiring an additional 5,400 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in shares of Broadstone Net Lease by 3.0% during the 3rd quarter. Centersquare Investment Management LLC now owns 5,052,587 shares of the company’s stock worth $90,290,000 after acquiring an additional 146,402 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

NYSE:BNL opened at $19.41 on Monday. The stock has a market cap of $3.71 billion, a PE ratio of 38.81 and a beta of 0.99. Broadstone Net Lease, Inc. has a fifty-two week low of $13.96 and a fifty-two week high of $19.91. The stock’s 50-day moving average is $18.51 and its two-hundred day moving average is $18.24.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.20). Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, equities research analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 6.0%. Broadstone Net Lease’s payout ratio is 232.00%.

Wall Street Analyst Weigh In

BNL has been the topic of a number of recent analyst reports. Citizens Jmp reaffirmed a “market outperform” rating and set a $21.00 target price on shares of Broadstone Net Lease in a research report on Tuesday, December 2nd. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. BTIG Research cut their price objective on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Broadstone Net Lease in a research note on Wednesday, January 21st. Finally, Cantor Fitzgerald lifted their target price on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Broadstone Net Lease has an average rating of “Moderate Buy” and a consensus target price of $19.90.

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.