Miller Global Investments LLC Makes New Investment in Broadstone Net Lease, Inc. $BNL

Miller Global Investments LLC purchased a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the fourth quarter, HoldingsChannel reports. The firm purchased 54,860 shares of the company’s stock, valued at approximately $953,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BNL. Strategic Advocates LLC acquired a new position in shares of Broadstone Net Lease in the 3rd quarter worth approximately $30,000. Blue Trust Inc. boosted its position in shares of Broadstone Net Lease by 96.9% during the 3rd quarter. Blue Trust Inc. now owns 1,790 shares of the company’s stock worth $32,000 after purchasing an additional 881 shares during the period. Advisory Services Network LLC acquired a new stake in Broadstone Net Lease in the 3rd quarter valued at approximately $61,000. EverSource Wealth Advisors LLC increased its holdings in Broadstone Net Lease by 80.9% in 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 during the last quarter. Finally, Covestor Ltd raised its position in Broadstone Net Lease by 15.2% in the third quarter. Covestor Ltd now owns 5,928 shares of the company’s stock valued at $106,000 after purchasing an additional 781 shares during the period. 89.07% of the stock is owned by hedge funds and other institutional investors.

Broadstone Net Lease Stock Up 0.2%

Broadstone Net Lease stock opened at $19.35 on Friday. Broadstone Net Lease, Inc. has a 52-week low of $13.96 and a 52-week high of $19.91. The firm has a market cap of $3.70 billion, a PE ratio of 38.70 and a beta of 0.99. The company’s 50 day moving average is $18.97 and its two-hundred day moving average is $18.38.

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

Broadstone Net Lease Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 6.0%. 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. Broadstone Net Lease’s payout ratio is presently 232.00%.

Analysts Set New Price Targets

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

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.