BTC Capital Management Inc. Has $4.88 Million Stake in Broadstone Net Lease, Inc. $BNL

BTC Capital Management Inc. grew its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 15.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 267,018 shares of the company’s stock after purchasing an additional 36,465 shares during the period. BTC Capital Management Inc. owned approximately 0.14% of Broadstone Net Lease worth $4,877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BNL. Prairiewood Capital LLC raised its position in Broadstone Net Lease by 4.6% in the 1st quarter. Prairiewood Capital LLC now owns 411,643 shares of the company’s stock valued at $7,521,000 after buying an additional 18,096 shares during the last quarter. Hsbc Holdings PLC boosted its position in Broadstone Net Lease by 47.1% during the 4th quarter. Hsbc Holdings PLC now owns 368,825 shares of the company’s stock worth $6,402,000 after acquiring an additional 118,178 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Broadstone Net Lease by 5.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company’s stock worth $335,000 after acquiring an additional 944 shares during the last quarter. Fund Advisors of America Inc FL bought a new position in shares of Broadstone Net Lease during the 4th quarter worth approximately $293,000. Finally, Corient Private Wealth LLC bought a new position in shares of Broadstone Net Lease during the 4th quarter worth approximately $696,000. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BNL has been the topic of a number of research reports. 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. UBS Group raised their target price on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a research note on Monday, June 8th. Citizens Jmp cut shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Finally, 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. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.56.

Broadstone Net Lease Stock Up 0.2%

BNL stock opened at $21.09 on Thursday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 32.45 and a beta of 0.95. Broadstone Net Lease, Inc. has a twelve month low of $15.66 and a twelve month high of $21.50. The business has a 50 day moving average price of $20.31 and a two-hundred day moving average price of $19.18.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data 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 analysts’ expectations of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, equities research analysts anticipate that Broadstone Net Lease, Inc. will post 1.52 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

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