Apollon Wealth Management LLC Has $17.52 Million Stock Position in Broadstone Net Lease, Inc. $BNL

Apollon Wealth Management LLC boosted its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 781.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 958,843 shares of the company’s stock after acquiring an additional 850,080 shares during the period. Apollon Wealth Management LLC’s holdings in Broadstone Net Lease were worth $17,518,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strategic Advocates LLC acquired a new position in shares of Broadstone Net Lease in the 3rd quarter worth approximately $30,000. CIBC Private Wealth Group LLC increased its position in shares of 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 bought a new position in Broadstone Net Lease during the third quarter worth $61,000. EverSource Wealth Advisors LLC raised its stake in Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after buying an additional 1,906 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted 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 during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Stock Down 0.1%

Broadstone Net Lease stock opened at $21.18 on Monday. The company has a market capitalization of $4.06 billion, a PE ratio of 32.59 and a beta of 0.95. Broadstone Net Lease, Inc. has a 12-month low of $15.66 and a 12-month high of $21.50. The firm’s fifty day moving average is $20.34 and its 200 day moving average is $19.23.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, topping 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 business had revenue of $121.40 million during 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. Sell-side analysts expect 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. Stockholders of record on Tuesday, June 30th will be paid a $0.2925 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.17 annualized dividend and a dividend yield of 5.5%. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 180.00%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BNL. Citigroup cut shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. UBS Group boosted their price objective on Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Citizens Jmp lowered Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Finally, Cantor Fitzgerald raised their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.78.

About Broadstone Net Lease

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.