Centersquare Investment Management LLC Sells 1,333,903 Shares of Broadstone Net Lease, Inc. $BNL

Centersquare Investment Management LLC decreased its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 26.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,718,684 shares of the company’s stock after selling 1,333,903 shares during the quarter. Centersquare Investment Management LLC owned approximately 1.97% of Broadstone Net Lease worth $64,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Metis Global Partners LLC lifted its stake in shares of Broadstone Net Lease by 5.0% during the 4th quarter. Metis Global Partners LLC now owns 44,762 shares of the company’s stock worth $778,000 after purchasing an additional 2,130 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Broadstone Net Lease by 580.4% during the 4th quarter. Deutsche Bank AG now owns 1,582,857 shares of the company’s stock worth $27,494,000 after purchasing an additional 1,350,222 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Broadstone Net Lease by 2.7% during the 4th quarter. Cerity Partners LLC now owns 99,206 shares of the company’s stock worth $1,723,000 after purchasing an additional 2,607 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Broadstone Net Lease by 12.9% during the 4th quarter. LPL Financial LLC now owns 116,302 shares of the company’s stock worth $2,020,000 after purchasing an additional 13,255 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Broadstone Net Lease by 1.0% during the 4th quarter. Franklin Resources Inc. now owns 706,936 shares of the company’s stock worth $12,279,000 after purchasing an additional 7,093 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Down 0.7%

Broadstone Net Lease stock opened at $20.93 on Friday. Broadstone Net Lease, Inc. has a 52 week low of $15.66 and a 52 week high of $21.50. The business’s 50-day moving average price is $20.00 and its 200 day moving average price is $18.98. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 32.21 and a beta of 0.95.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The company had revenue of $121.40 million for the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Equities analysts expect that Broadstone Net Lease, Inc. will post 1.52 EPS for the current year.

Broadstone Net Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 180.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BNL. Cantor Fitzgerald upped their price objective on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Truist Financial set a $22.00 price objective on Broadstone Net Lease in a research note on Monday. Weiss Ratings upgraded Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, UBS Group upped their price objective on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.56.

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.