Broadstone Net Lease, Inc. $BNL Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System lifted its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 6.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 394,026 shares of the company’s stock after buying an additional 24,857 shares during the period. California Public Employees Retirement System owned approximately 0.21% of Broadstone Net Lease worth $7,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its stake in shares of Broadstone Net Lease by 42.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after acquiring an additional 600 shares in the last quarter. American Century Companies Inc. boosted its position in Broadstone Net Lease by 0.9% during the 2nd quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock worth $1,250,000 after acquiring an additional 664 shares during the period. Lazard Asset Management LLC grew its stake in Broadstone Net Lease by 0.9% during the 2nd quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock valued at $1,432,000 after acquiring an additional 768 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Broadstone Net Lease by 5.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company’s stock valued at $335,000 after acquiring an additional 944 shares in the last quarter. Finally, FJ Capital Management LLC increased its holdings 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. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Stock Performance

BNL opened at $22.37 on Monday. The business has a 50 day moving average price of $21.10 and a 200 day moving average price of $19.84. The firm has a market cap of $4.28 billion, a P/E ratio of 34.41 and a beta of 0.94. Broadstone Net Lease, Inc. has a twelve month low of $15.67 and a twelve month high of $23.10.

Broadstone Net Lease (NYSE:BNL) last announced its earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $121.40 million for the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, analysts anticipate that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on BNL shares. Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a report on Monday, June 8th. Citizens Jmp downgraded shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. BTIG Research boosted their price target on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Cantor Fitzgerald upped their price target on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

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.