Aew Capital Management L P Acquires 1,122,124 Shares of Broadstone Net Lease, Inc. $BNL

Aew Capital Management L P boosted its holdings in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 44.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,644,233 shares of the company’s stock after buying an additional 1,122,124 shares during the quarter. Broadstone Net Lease comprises 3.6% of Aew Capital Management L P’s portfolio, making the stock its 14th biggest holding. Aew Capital Management L P owned 1.93% of Broadstone Net Lease worth $65,122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Broadstone Net Lease by 2.2% during the 2nd quarter. State Street Corp now owns 8,388,518 shares of the company’s stock valued at $136,998,000 after acquiring an additional 178,186 shares during the last quarter. Geode Capital Management LLC boosted its position in Broadstone Net Lease by 1.5% during the second quarter. Geode Capital Management LLC now owns 5,104,154 shares of the company’s stock worth $81,929,000 after purchasing an additional 76,531 shares during the period. Alliancebernstein L.P. boosted its position in Broadstone Net Lease by 2.7% during the second quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock worth $76,896,000 after purchasing an additional 124,589 shares during the period. Balyasny Asset Management L.P. grew its holdings in Broadstone Net Lease by 213.2% during the second quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock valued at $69,579,000 after purchasing an additional 2,951,207 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Broadstone Net Lease in the second quarter valued at approximately $39,554,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, November 25th. Cantor Fitzgerald boosted 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. Citizens Jmp restated a “market outperform” rating and set a $21.00 price target on shares of Broadstone Net Lease in a report on Tuesday, December 2nd. BTIG Research lowered their price target on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Finally, Morgan Stanley lifted their price objective on Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a research note on Monday, December 29th. 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 has a consensus rating of “Moderate Buy” and an average target price of $19.90.

Broadstone Net Lease Stock Performance

NYSE:BNL opened at $19.26 on Wednesday. The firm’s 50-day moving average is $18.40 and its 200-day moving average is $18.19. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 38.52 and a beta of 1.00. Broadstone Net Lease, Inc. has a 52-week low of $13.96 and a 52-week high of $19.91.

Broadstone Net Lease (NYSE:BNL) last released its earnings results 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%. The company had revenue of $118.30 million during the quarter, compared to the consensus estimate of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Equities analysts predict that Broadstone Net Lease, Inc. will post 1.43 EPS 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. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a boost from Broadstone Net Lease’s previous quarterly dividend of $0.29. Broadstone Net Lease’s payout ratio is 232.00%.

Broadstone Net Lease 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.