Moran Wealth Management LLC Invests $2.14 Million in Broadstone Net Lease, Inc. $BNL

Moran Wealth Management LLC acquired a new stake in Broadstone Net Lease, Inc. (NYSE:BNL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 116,917 shares of the company’s stock, valued at approximately $2,136,000. Moran Wealth Management LLC owned 0.06% of Broadstone Net Lease as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BNL. Strategic Advocates LLC purchased a new stake in shares of Broadstone Net Lease in the third quarter valued at approximately $30,000. CIBC Private Wealth Group LLC raised its position in Broadstone Net Lease by 42.9% in the fourth 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. Advisory Services Network LLC acquired a new stake in Broadstone Net Lease in the third quarter valued at $61,000. EverSource Wealth Advisors LLC lifted its holdings in Broadstone Net Lease by 80.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after acquiring an additional 1,906 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Broadstone Net Lease by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after purchasing an additional 1,385 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Down 0.1%

NYSE:BNL opened at $21.24 on Monday. Broadstone Net Lease, Inc. has a 52-week low of $15.67 and a 52-week high of $21.50. The stock has a fifty day simple moving average of $20.43 and a 200-day simple moving average of $19.35. The company has a market capitalization of $4.07 billion, a PE ratio of 32.67 and a beta of 0.94.

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 analysts’ consensus estimates of $0.18 by $0.06. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. The firm had revenue of $121.40 million for the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, equities analysts anticipate that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The firm 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 $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio is 180.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BNL. Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a research note on Monday, June 8th. Cantor Fitzgerald boosted their price objective on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Citizens Jmp lowered shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Finally, UBS Group increased their target price on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.78.

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.