Centersquare Investment Management LLC Has $90.29 Million Stake in Broadstone Net Lease, Inc. $BNL

Centersquare Investment Management LLC raised its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,052,587 shares of the company’s stock after purchasing an additional 146,402 shares during the quarter. Centersquare Investment Management LLC owned 2.67% of Broadstone Net Lease worth $90,290,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Broadstone Net Lease by 96.9% during the third quarter. Blue Trust Inc. now owns 1,790 shares of the company’s stock valued at $32,000 after buying an additional 881 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Broadstone Net Lease by 80.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after acquiring an additional 1,906 shares during the period. Covestor Ltd grew its stake in Broadstone Net Lease by 15.2% during the 3rd quarter. Covestor Ltd now owns 5,928 shares of the company’s stock valued at $106,000 after acquiring an additional 781 shares in the last quarter. CWM LLC grew its stake in Broadstone Net Lease by 885.2% during the 2nd quarter. CWM LLC now owns 7,773 shares of the company’s stock valued at $125,000 after acquiring an additional 6,984 shares in the last quarter. Finally, EMC Capital Management acquired a new position in shares of Broadstone Net Lease in the 2nd quarter valued at about $127,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Trading Up 0.6%

Broadstone Net Lease stock opened at $19.40 on Thursday. Broadstone Net Lease, Inc. has a 1-year low of $13.96 and a 1-year high of $19.91. The firm’s fifty day simple moving average is $18.43 and its 200-day simple moving average is $18.19. The company has a market capitalization of $3.67 billion, a P/E ratio of 38.79 and a beta of 1.00.

Broadstone Net Lease (NYSE:BNL) last posted its 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. On average, equities research analysts predict that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.0%. 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 232.00%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley raised their price target 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. BMO Capital Markets reissued an “outperform” rating on shares of Broadstone Net Lease in a research note on Thursday, December 4th. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Cantor Fitzgerald increased their price objective on Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Broadstone Net Lease in a research note on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, 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.