D.A. Davidson & CO. Acquires 51,482 Shares of Broadstone Net Lease, Inc. $BNL

D.A. Davidson & CO. raised its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 56.2% during the first quarter, Holdings Channel reports. The firm owned 143,066 shares of the company’s stock after buying an additional 51,482 shares during the period. D.A. Davidson & CO.’s holdings in Broadstone Net Lease were worth $2,614,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Invesco Ltd. raised its stake in Broadstone Net Lease by 391.1% during the fourth quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock worth $79,302,000 after acquiring an additional 3,635,809 shares in the last quarter. Balyasny Asset Management L.P. increased its position in shares of Broadstone Net Lease by 213.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock worth $69,579,000 after purchasing an additional 2,951,207 shares in the last quarter. Norges Bank bought a new position in Broadstone Net Lease during the 4th quarter valued at about $41,471,000. New England Private Wealth Advisors LLC acquired a new position in Broadstone Net Lease in the fourth quarter valued at about $27,426,000. Finally, Deutsche Bank AG boosted its position in Broadstone Net Lease by 580.4% in the fourth quarter. Deutsche Bank AG now owns 1,582,857 shares of the company’s stock valued at $27,494,000 after buying an additional 1,350,222 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. KeyCorp upped their price objective on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Citizens Jmp downgraded Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Cantor Fitzgerald boosted their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Truist Financial set a $22.00 price target on Broadstone Net Lease in a research report on Monday, June 8th. Finally, Weiss Ratings upgraded Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Broadstone Net Lease presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.70.

Broadstone Net Lease Stock Down 0.4%

Shares of NYSE:BNL opened at $22.70 on Tuesday. Broadstone Net Lease, Inc. has a 12 month low of $15.67 and a 12 month high of $23.10. The firm has a market cap of $4.35 billion, a P/E ratio of 34.93 and a beta of 0.94. The company’s 50-day moving average price is $20.88 and its two-hundred day moving average price is $19.70.

Broadstone Net Lease (NYSE:BNL) last announced its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $121.40 million for the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, equities analysts predict that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.17 annualized dividend and a yield of 5.2%. Broadstone Net Lease’s dividend payout ratio is currently 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.