Broadstone Net Lease, Inc. (NYSE:BNL) Short Interest Update

Broadstone Net Lease, Inc. (NYSE:BNL) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 4,451,249 shares, a drop of 16.4% from the February 12th total of 5,325,444 shares. Based on an average daily trading volume, of 1,969,517 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.3% of the company’s shares are sold short. Approximately 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 1,969,517 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Trading of Broadstone Net Lease

A number of hedge funds have recently bought and sold shares of BNL. Fund Advisors of America Inc FL bought a new position in shares of Broadstone Net Lease in the 4th quarter worth $293,000. Corient Private Wealth LLC bought a new stake in Broadstone Net Lease during the fourth quarter valued at about $696,000. Hsbc Holdings PLC boosted its position in Broadstone Net Lease by 47.1% during the fourth quarter. Hsbc Holdings PLC now owns 368,825 shares of the company’s stock valued at $6,402,000 after purchasing an additional 118,178 shares in the last quarter. Invesco Ltd. grew its stake in Broadstone Net Lease by 391.1% in the fourth quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after purchasing an additional 3,635,809 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Broadstone Net Lease in the fourth quarter worth about $209,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Up 2.3%

NYSE:BNL traded up $0.45 during mid-day trading on Monday, reaching $19.76. The company’s stock had a trading volume of 899,064 shares, compared to its average volume of 1,786,153. Broadstone Net Lease has a 1 year low of $13.96 and a 1 year high of $19.91. The stock has a fifty day moving average of $18.84 and a 200-day moving average of $18.35. The firm has a market capitalization of $3.78 billion, a PE ratio of 39.51 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, February 18th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, analysts expect that Broadstone Net Lease will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 5.9%. Broadstone Net Lease’s dividend payout ratio is 232.00%.

Wall Street Analysts Forecast Growth

BNL has been the subject of several research reports. Truist Financial boosted their price objective on shares of Broadstone Net Lease from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald lifted their price target on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Wall Street Zen upgraded Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. UBS Group increased their price objective on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Finally, Morgan Stanley raised their price objective on Broadstone Net Lease from $18.00 to $19.00 and gave the stock a “positive” rating in a report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.20.

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.