Columbus Macro LLC Boosts Position in Broadstone Net Lease, Inc. $BNL

Columbus Macro LLC lifted its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 676,361 shares of the company’s stock after purchasing an additional 61,363 shares during the quarter. Broadstone Net Lease comprises about 1.3% of Columbus Macro LLC’s holdings, making the stock its 16th biggest holding. Columbus Macro LLC owned approximately 0.36% of Broadstone Net Lease worth $11,748,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of Broadstone Net Lease by 69.9% during 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 holdings in 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 during the last quarter. Millennium Management LLC grew its position in 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Broadstone Net Lease by 5.8% in 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 acquiring an additional 70,534 shares during the period. Finally, Jane Street Group LLC increased its stake in Broadstone Net Lease by 292.3% during the first quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock worth $9,436,000 after acquiring an additional 412,604 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BNL has been the topic of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Broadstone Net Lease in a research report on Thursday, December 4th. BTIG Research cut their price objective on 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. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Cantor Fitzgerald upped their target price on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, February 24th. Finally, Weiss Ratings lowered shares of Broadstone Net Lease from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Broadstone Net Lease currently has an average rating of “Moderate Buy” and a consensus target price of $20.22.

Broadstone Net Lease Stock Up 0.2%

Shares of NYSE BNL opened at $18.49 on Monday. The business’s 50 day moving average is $19.01 and its two-hundred day moving average is $18.38. Broadstone Net Lease, Inc. has a 52-week low of $13.96 and a 52-week high of $19.91. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 36.99 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 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. Analysts anticipate 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. Investors of record on Tuesday, March 31st will be issued a dividend of $0.2925 per share. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, March 31st. This represents a $1.17 dividend on an annualized basis and a yield of 6.3%. Broadstone Net Lease’s dividend payout ratio (DPR) is 232.00%.

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.