Broadstone Net Lease, Inc. $BNL Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 16.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,553 shares of the company’s stock after selling 53,479 shares during the period. Fisher Asset Management LLC owned 0.14% of Broadstone Net Lease worth $4,728,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BNL. Royal Bank of Canada boosted its holdings in Broadstone Net Lease by 69.9% in the 1st quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock worth $1,566,000 after buying an additional 37,830 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Broadstone Net Lease by 52.8% in the first quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock valued at $436,000 after acquiring an additional 8,848 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Broadstone Net Lease by 2.3% in the first quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock worth $19,551,000 after acquiring an additional 25,944 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Broadstone Net Lease by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,283,889 shares of the company’s stock worth $21,877,000 after purchasing an additional 70,534 shares in the last quarter. Finally, Jane Street Group LLC raised its stake 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 valued at $9,436,000 after purchasing an additional 412,604 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

NYSE:BNL opened at $19.06 on Friday. The company’s 50-day moving average is $18.64 and its two-hundred day moving average is $18.29. Broadstone Net Lease, Inc. has a 1-year low of $13.96 and a 1-year high of $19.91. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 38.12 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.17 EPS 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. As a group, equities analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.2925 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.1%. This is a boost from Broadstone Net Lease’s previous quarterly dividend of $0.29. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 232.00%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BNL shares. Truist Financial lifted their target price on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, November 25th. Citizens Jmp restated a “market outperform” rating and set a $21.00 price target on shares of Broadstone Net Lease in a research report on Tuesday, December 2nd. Weiss Ratings upgraded shares of Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Cantor Fitzgerald boosted their target price on Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, February 24th. Finally, Morgan Stanley increased their price target on Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.90.

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.