Broadstone Net Lease, Inc. (BNL) To Go Ex-Dividend on December 31st

Broadstone Net Lease, Inc. (NYSE:BNL) announced a quarterly dividend on Thursday, October 23rd. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.29 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Wednesday, December 31st.

Broadstone Net Lease has a payout ratio of 150.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Broadstone Net Lease to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 80.0%.

Broadstone Net Lease Price Performance

Broadstone Net Lease stock opened at $17.52 on Monday. Broadstone Net Lease has a 12-month low of $13.96 and a 12-month high of $18.87. The stock has a market capitalization of $3.31 billion, a PE ratio of 37.27 and a beta of 1.03. The firm has a 50 day simple moving average of $17.91 and a 200-day simple moving average of $17.47.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.23). Broadstone Net Lease had a return on equity of 2.93% and a net margin of 20.04%.The firm had revenue of $114.17 million during the quarter, compared to analyst estimates of $111.89 million. Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. On average, analysts forecast that Broadstone Net Lease will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of Broadstone Net Lease

Several institutional investors and hedge funds have recently bought and sold shares of BNL. Strategic Advocates LLC acquired a new position in shares of Broadstone Net Lease in the third quarter worth about $30,000. Blue Trust Inc. lifted its position in shares of Broadstone Net Lease by 96.9% in the 3rd quarter. Blue Trust Inc. now owns 1,790 shares of the company’s stock valued at $32,000 after acquiring an additional 881 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Broadstone Net Lease in the 2nd quarter worth approximately $45,000. Advisory Services Network LLC purchased a new position in Broadstone Net Lease during the 3rd quarter worth approximately $61,000. Finally, EverSource Wealth Advisors LLC grew its position 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 worth $68,000 after purchasing an additional 1,906 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

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.