Broadstone Net Lease, Inc. $BNL Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 47.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 368,825 shares of the company’s stock after buying an additional 118,178 shares during the period. Hsbc Holdings PLC owned about 0.19% of Broadstone Net Lease worth $6,402,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC lifted its stake in Broadstone Net Lease by 42.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after acquiring an additional 600 shares in the last quarter. American Century Companies Inc. boosted its holdings in Broadstone Net Lease by 0.9% during the 2nd quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock valued at $1,250,000 after acquiring an additional 664 shares during the period. Lazard Asset Management LLC grew its position in 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 acquiring an additional 768 shares in the last quarter. FJ Capital Management LLC grew its position in Broadstone Net Lease by 8.2% in the 2nd quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock valued at $205,000 after acquiring an additional 965 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Broadstone Net Lease by 24.6% during the third quarter. EverSource Wealth Advisors LLC now owns 5,311 shares of the company’s stock worth $95,000 after purchasing an additional 1,050 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. UBS Group upped their target price on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. BTIG Research raised their price target on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday. Finally, Cantor Fitzgerald boosted their price target on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Broadstone Net Lease has an average rating of “Moderate Buy” and an average target price of $20.78.

Broadstone Net Lease Stock Performance

Shares of BNL opened at $21.18 on Friday. The stock has a 50-day simple moving average of $20.34 and a 200-day simple moving average of $19.22. The stock has a market capitalization of $4.06 billion, a PE ratio of 32.59 and a beta of 0.95. Broadstone Net Lease, Inc. has a 1 year low of $15.66 and a 1 year high of $21.50.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $121.40 million during the quarter, compared to the consensus estimate of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Analysts predict that Broadstone Net Lease, Inc. will post 1.52 EPS for the current year.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s payout ratio is 180.00%.

Broadstone Net Lease 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.