Corient Private Wealth LLC Buys Shares of 40,089 Broadstone Net Lease, Inc. $BNL

Corient Private Wealth LLC purchased a new position in Broadstone Net Lease, Inc. (NYSE:BNL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,089 shares of the company’s stock, valued at approximately $696,000.

Other large investors also recently modified their holdings of the company. Strategic Advocates LLC acquired a new position in Broadstone Net Lease during the 3rd quarter valued at about $30,000. CIBC Private Wealth Group LLC lifted its position in Broadstone Net Lease by 42.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after purchasing an additional 600 shares during the period. Advisory Services Network LLC acquired a new stake in Broadstone Net Lease in the third quarter worth approximately $61,000. EverSource Wealth Advisors LLC boosted its stake in Broadstone Net Lease by 80.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Broadstone Net Lease by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock valued at $96,000 after purchasing an additional 1,385 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Broadstone Net Lease Stock Performance

Broadstone Net Lease stock opened at $21.24 on Friday. The business’s 50-day simple moving average is $20.43 and its 200-day simple moving average is $19.34. The firm has a market capitalization of $4.07 billion, a PE ratio of 32.67 and a beta of 0.94. Broadstone Net Lease, Inc. has a 52 week low of $15.67 and a 52 week high of $21.50.

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

Broadstone Net Lease Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.17 dividend on an annualized basis and a yield of 5.5%. Broadstone Net Lease’s payout ratio is 180.00%.

Analyst Ratings Changes

Several research firms have recently weighed in on BNL. Citizens Jmp lowered shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Cantor Fitzgerald raised their target price on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. BTIG Research upped their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Citigroup downgraded Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.78.

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.