Corient Private Wealth LLC Acquires Shares of 41,881 Broadstone Net Lease, Inc. $BNL

Corient Private Wealth LLC acquired a new stake in Broadstone Net Lease, Inc. (NYSE:BNL) in the second quarter, Holdings Channel.com reports. The firm acquired 41,881 shares of the company’s stock, valued at approximately $672,000.

Other large investors have also made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new stake in Broadstone Net Lease in the 2nd quarter valued at $45,000. EverSource Wealth Advisors LLC lifted its holdings in Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after purchasing an additional 1,906 shares in the last quarter. CWM LLC grew its position in shares of 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 purchasing an additional 6,984 shares during the period. EMC Capital Management acquired a new stake in shares of Broadstone Net Lease in the second quarter valued at about $127,000. Finally, Arrow Investment Advisors LLC purchased a new stake in shares of Broadstone Net Lease during the second quarter worth about $172,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Price Performance

Shares of Broadstone Net Lease stock opened at $17.52 on Friday. The stock’s 50 day simple moving average is $17.91 and its 200-day simple moving average is $17.47. The stock has a market cap of $3.31 billion, a P/E ratio of 37.27 and a beta of 1.03. Broadstone Net Lease, Inc. has a 1-year low of $13.96 and a 1-year high of $18.87.

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

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Wednesday, December 31st. Broadstone Net Lease’s payout ratio is currently 246.81%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BNL shares. Citizens Jmp reaffirmed a “market outperform” rating and issued a $21.00 price target on shares of Broadstone Net Lease in a research note on Tuesday, December 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Broadstone Net Lease in a research report on Wednesday, October 8th. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Sunday, November 30th. BTIG Research reduced their price objective on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, December 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $21.00 price objective on shares of Broadstone Net Lease in a report on Monday, September 29th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.10.

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.