Broadstone Net Lease, Inc. $BNL Shares Bought by Columbus Macro LLC

Columbus Macro LLC grew its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 23.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 833,131 shares of the company’s stock after purchasing an additional 156,770 shares during the period. Broadstone Net Lease makes up about 1.6% of Columbus Macro LLC’s holdings, making the stock its 12th largest position. Columbus Macro LLC owned about 0.44% of Broadstone Net Lease worth $15,221,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BNL. Strategic Advocates LLC acquired a new stake in shares of Broadstone Net Lease in the third quarter valued at about $30,000. CIBC Private Wealth Group LLC grew its position in Broadstone Net Lease by 42.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after buying an additional 600 shares during the period. Advisory Services Network LLC acquired a new position in Broadstone Net Lease during the third quarter worth about $61,000. EverSource Wealth Advisors LLC increased 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 buying an additional 1,906 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Broadstone Net Lease by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock valued at $96,000 after buying an additional 1,385 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BNL shares. Citizens Jmp lowered Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Truist Financial set a $22.00 price objective on Broadstone Net Lease in a report on Monday, June 8th. 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 research report on Monday, May 4th. Finally, UBS Group boosted their target price on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.56.

Broadstone Net Lease Trading Down 0.5%

Shares of BNL opened at $20.98 on Friday. The stock has a market cap of $4.02 billion, a P/E ratio of 32.28 and a beta of 0.95. The company has a 50-day moving average of $20.32 and a two-hundred day moving average of $19.21. Broadstone Net Lease, Inc. has a 12-month low of $15.66 and a 12-month high of $21.50.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $121.40 million for the quarter, compared to the consensus estimate 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, analysts forecast that Broadstone Net Lease, Inc. will post 1.52 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s 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.