Bank of New York Mellon Corp Has $24.90 Million Stock Holdings in Broadstone Net Lease, Inc. $BNL

Bank of New York Mellon Corp decreased its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 2.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,362,698 shares of the company’s stock after selling 29,066 shares during the period. Bank of New York Mellon Corp’s holdings in Broadstone Net Lease were worth $24,896,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BNL. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Broadstone Net Lease by 187.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 103,751 shares of the company’s stock worth $1,802,000 after acquiring an additional 67,637 shares in the last quarter. Resonant Capital Advisors LLC bought a new position in Broadstone Net Lease in the fourth quarter valued at approximately $514,000. Indivisible Partners bought a new position in Broadstone Net Lease in the fourth quarter valued at approximately $1,465,000. Columbus Macro LLC increased its position in shares of Broadstone Net Lease by 10.0% during the 4th quarter. Columbus Macro LLC now owns 676,361 shares of the company’s stock worth $11,748,000 after purchasing an additional 61,363 shares during the last quarter. Finally, Prairiewood Capital LLC increased its position in shares of Broadstone Net Lease by 7.9% during the 4th quarter. Prairiewood Capital LLC now owns 393,547 shares of the company’s stock worth $6,836,000 after purchasing an additional 28,689 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citizens Jmp cut Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. BTIG Research raised their target price on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, June 26th. BMO Capital Markets upped their price target on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Cantor Fitzgerald upped 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 report on Monday, May 4th. Finally, Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a research note on Monday, June 8th. Seven research 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, Broadstone Net Lease currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Broadstone Net Lease Stock Up 0.3%

BNL opened at $22.42 on Tuesday. Broadstone Net Lease, Inc. has a 12-month low of $15.77 and a 12-month high of $23.10. The business has a 50 day moving average of $21.15 and a 200-day moving average of $19.88. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 34.50 and a beta of 0.94.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share 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 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. As a group, analysts expect that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current year.

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.