56,259 Shares in Broadstone Net Lease, Inc. $BNL Acquired by Capital Fund Management S.A.

Capital Fund Management S.A. purchased a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the 2nd quarter, Holdings Channel reports. The firm purchased 56,259 shares of the company’s stock, valued at approximately $903,000.

A number of other large investors also recently bought and sold shares of the stock. Wolff Wiese Magana LLC acquired a new position in shares of Broadstone Net Lease in the 2nd quarter valued at $45,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Broadstone Net Lease in the 1st quarter worth $115,000. CWM LLC boosted its holdings in Broadstone Net Lease by 885.2% in the second quarter. CWM LLC now owns 7,773 shares of the company’s stock valued at $125,000 after acquiring an additional 6,984 shares during the last quarter. EMC Capital Management purchased a new stake in Broadstone Net Lease during the second quarter valued at about $127,000. Finally, Arrow Investment Advisors LLC acquired a new stake in Broadstone Net Lease during the second quarter worth about $172,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Down 0.5%

BNL stock opened at $17.44 on Friday. The stock’s 50 day moving average is $18.16 and its two-hundred day moving average is $17.28. Broadstone Net Lease, Inc. has a 52-week low of $13.96 and a 52-week high of $18.87. The company has a market capitalization of $3.30 billion, a PE ratio of 37.10 and a beta of 1.03.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.23). The company had revenue of $114.17 million for the quarter, compared to analyst estimates of $111.89 million. Broadstone Net Lease had a return on equity of 2.93% and a net margin of 20.04%.Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. As a group, sell-side analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 6.7%. Broadstone Net Lease’s payout ratio is presently 246.81%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Sunday, November 30th. Truist Financial lifted their price target on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, November 25th. BMO Capital Markets reiterated an “outperform” rating on shares of Broadstone Net Lease in a research note on Thursday. BTIG Research cut their target price on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group upgraded shares of Broadstone Net Lease from a “sell” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, August 21st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.10.

Broadstone Net Lease Profile

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.