Jefferies Financial Group Inc. Invests $1.32 Million in Broadstone Net Lease, Inc. $BNL

Jefferies Financial Group Inc. bought a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 63,700 shares of the company’s stock, valued at approximately $1,317,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in Broadstone Net Lease in the second quarter valued at $34,000. CIBC Private Wealth Group LLC boosted its stake in shares of Broadstone Net Lease by 42.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after acquiring an additional 600 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Broadstone Net Lease during the 3rd quarter valued at about $61,000. EverSource Wealth Advisors LLC grew its position in shares of Broadstone Net Lease by 80.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after acquiring an additional 1,906 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in shares of Broadstone Net Lease in the 2nd quarter valued at about $74,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

BNL opened at $21.13 on Friday. The company has a market cap of $4.05 billion, a PE ratio of 27.80 and a beta of 0.92. Broadstone Net Lease, Inc. has a twelve month low of $17.16 and a twelve month high of $23.10. The company has a 50-day moving average price of $21.49 and a 200 day moving average price of $20.33.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.The company had revenue of $122.31 million during the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, sell-side analysts expect that Broadstone Net Lease, Inc. will post 1.53 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio is currently 153.95%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BNL shares. KeyCorp upped their price target on Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. BTIG Research boosted their price objective 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. Truist Financial set a $22.00 price objective on Broadstone Net Lease in a research report on Monday, June 8th. BMO Capital Markets increased their target price on Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Finally, The Goldman Sachs Group lifted their price target on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Saturday, August 1st. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.78.

Insider Buying and Selling

In other news, Director Richard P. Imperiale acquired 5,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the acquisition, the director owned 26,250 shares of the company’s stock, valued at approximately $557,025. This trade represents a 23.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

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.