Cobblestone Capital Advisors LLC NY Has $13.31 Million Stake in Broadstone Net Lease, Inc. $BNL

Cobblestone Capital Advisors LLC NY increased its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 5.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 744,528 shares of the company’s stock after acquiring an additional 38,473 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Broadstone Net Lease were worth $13,305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its position in Broadstone Net Lease by 0.9% in the second 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 in the last quarter. Alps Advisors Inc. lifted its stake in shares of Broadstone Net Lease by 4.7% in the 3rd quarter. Alps Advisors Inc. now owns 16,574 shares of the company’s stock valued at $296,000 after purchasing an additional 737 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Broadstone Net Lease by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock valued at $1,432,000 after purchasing an additional 768 shares during the last quarter. Arizona State Retirement System boosted its holdings in Broadstone Net Lease by 1.4% in the third quarter. Arizona State Retirement System now owns 55,951 shares of the company’s stock worth $1,000,000 after purchasing an additional 779 shares in the last quarter. Finally, Covestor Ltd increased its position in Broadstone Net Lease by 15.2% during the third quarter. Covestor Ltd now owns 5,928 shares of the company’s stock worth $106,000 after buying an additional 781 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Down 0.0%

Shares of BNL stock opened at $19.41 on Monday. Broadstone Net Lease, Inc. has a 12 month low of $13.96 and a 12 month high of $19.91. The firm has a market cap of $3.71 billion, a PE ratio of 38.81 and a beta of 0.99. The stock has a 50 day moving average of $18.51 and a 200-day moving average of $18.24.

Broadstone Net Lease (NYSE:BNL) last announced its earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. As a group, equities analysts predict that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.2925 per share. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. 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. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 232.00%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Broadstone Net Lease in a research report on Thursday, December 4th. Cantor Fitzgerald raised their price objective on Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Truist Financial boosted their target price on Broadstone Net Lease from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, November 25th. Morgan Stanley increased their price target on Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.