Natixis Advisors LLC Has $3.09 Million Holdings in Broadstone Net Lease, Inc. $BNL

Natixis Advisors LLC boosted its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 61.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 177,931 shares of the company’s stock after buying an additional 67,443 shares during the period. Natixis Advisors LLC’s holdings in Broadstone Net Lease were worth $3,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp increased its holdings in Broadstone Net Lease by 2.2% in the second quarter. State Street Corp now owns 8,388,518 shares of the company’s stock valued at $136,998,000 after purchasing an additional 178,186 shares during the period. Centersquare Investment Management LLC increased its holdings in Broadstone Net Lease by 3.0% in the third quarter. Centersquare Investment Management LLC now owns 5,052,587 shares of the company’s stock valued at $90,290,000 after purchasing an additional 146,402 shares during the period. Alliancebernstein L.P. increased its holdings in Broadstone Net Lease by 2.7% in the second quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company’s stock valued at $76,896,000 after purchasing an additional 124,589 shares during the period. Balyasny Asset Management L.P. increased its holdings in Broadstone Net Lease by 213.2% in the second quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock valued at $69,579,000 after purchasing an additional 2,951,207 shares during the period. Finally, Aew Capital Management L P increased its holdings in Broadstone Net Lease by 44.5% in the third quarter. Aew Capital Management L P now owns 3,644,233 shares of the company’s stock valued at $65,122,000 after purchasing an additional 1,122,124 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Broadstone Net Lease Trading Up 1.6%

Shares of BNL opened at $20.95 on Wednesday. The stock has a market capitalization of $4.01 billion, a P/E ratio of 32.24 and a beta of 0.95. The firm’s fifty day simple moving average is $19.90 and its two-hundred day simple moving average is $18.94. Broadstone Net Lease, Inc. has a 12 month low of $15.66 and a 12 month high of $21.05.

Broadstone Net Lease (NYSE:BNL) last issued 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. The business had revenue of $121.40 million for the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, research analysts predict that Broadstone Net Lease, Inc. will post 1.51 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 5.6%. Broadstone Net Lease’s dividend payout ratio is 180.00%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BNL shares. UBS Group increased their price objective on Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, March 9th. Truist Financial set a $22.00 price objective on Broadstone Net Lease in a report on Monday. Cantor Fitzgerald increased their price objective on Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.56.

Broadstone Net Lease Company 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.