Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.56 Million Stock Holdings in Broadstone Net Lease, Inc. $BNL

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 38.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,375 shares of the company’s stock after buying an additional 23,777 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Broadstone Net Lease were worth $1,560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Broadstone Net Lease by 69.9% during the 1st quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock worth $1,566,000 after purchasing an additional 37,830 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Broadstone Net Lease by 52.8% during the 1st quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock worth $436,000 after buying an additional 8,848 shares during the period. Millennium Management LLC increased its stake in shares of Broadstone Net Lease by 2.3% in the 1st quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock valued at $19,551,000 after acquiring an additional 25,944 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Broadstone Net Lease by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,283,889 shares of the company’s stock valued at $21,877,000 after purchasing an additional 70,534 shares during the period. Finally, Jane Street Group LLC increased its stake in Broadstone Net Lease by 292.3% in the first quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after purchasing an additional 412,604 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

Shares of NYSE:BNL opened at $22.76 on Friday. The firm has a 50 day simple moving average of $20.77 and a 200 day simple moving average of $19.63. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 35.02 and a beta of 0.94. Broadstone Net Lease, Inc. has a one year low of $15.67 and a one year high of $22.81.

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

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 180.00%.

Analyst Upgrades and Downgrades

A number of 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 report on Friday, June 12th. BTIG Research lifted their target price on Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Citigroup cut shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. KeyCorp increased their price target on Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, BMO Capital Markets increased their price objective on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

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.