Broadstone Net Lease, Inc. $BNL Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 1,640.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,355,448 shares of the company’s stock after buying an additional 1,277,583 shares during the quarter. American Century Companies Inc. owned approximately 0.72% of Broadstone Net Lease worth $24,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BNL. AlphaQuest LLC bought a new stake in shares of Broadstone Net Lease in the 3rd quarter valued at approximately $1,895,000. Principal Financial Group Inc. lifted its stake in Broadstone Net Lease by 11.0% during the third quarter. Principal Financial Group Inc. now owns 548,917 shares of the company’s stock worth $9,809,000 after purchasing an additional 54,582 shares during the last quarter. Franklin Resources Inc. lifted its stake in 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 purchasing an additional 82,779 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Broadstone Net Lease by 39.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 471,426 shares of the company’s stock worth $8,750,000 after purchasing an additional 134,004 shares during the period. Finally, Columbus Macro LLC boosted its holdings in Broadstone Net Lease by 13.0% in the third quarter. Columbus Macro LLC now owns 614,998 shares of the company’s stock worth $10,990,000 after purchasing an additional 70,823 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BNL. Cantor Fitzgerald increased their target price on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, February 24th. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. BTIG Research lowered their price objective on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Weiss Ratings upgraded shares of Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 3rd. Finally, Morgan Stanley raised their target price on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.90.

Broadstone Net Lease Stock Performance

BNL stock opened at $19.14 on Monday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 38.28 and a beta of 0.99. Broadstone Net Lease, Inc. has a 1 year low of $13.96 and a 1 year high of $19.91. The stock’s fifty day moving average is $18.67 and its two-hundred day moving average is $18.32.

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 return on equity of 3.17% and a net margin of 21.25%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. As a group, analysts predict that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 6.1%. 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. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 234.00%.

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.