JPMorgan Chase & Co. Decreases Stock Holdings in Broadstone Net Lease, Inc. $BNL

JPMorgan Chase & Co. decreased its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,080,744 shares of the company’s stock after selling 58,364 shares during the period. JPMorgan Chase & Co. owned about 1.10% of Broadstone Net Lease worth $37,183,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Broadstone Net Lease by 2.2% during the 2nd quarter. State Street Corp now owns 8,388,518 shares of the company’s stock valued at $136,998,000 after buying an additional 178,186 shares during the period. Geode Capital Management LLC increased its position in Broadstone Net Lease by 1.5% during the second quarter. Geode Capital Management LLC now owns 5,104,154 shares of the company’s stock valued at $81,929,000 after acquiring an additional 76,531 shares during the last quarter. Alliancebernstein L.P. lifted 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 acquiring an additional 124,589 shares during the period. Balyasny Asset Management L.P. boosted its position 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 worth $69,579,000 after purchasing an additional 2,951,207 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Broadstone Net Lease during the 2nd quarter valued at about $39,554,000. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

Shares of NYSE BNL opened at $19.41 on Friday. The stock has a market cap of $3.71 billion, a PE ratio of 38.81 and a beta of 1.00. Broadstone Net Lease, Inc. has a 1 year low of $13.96 and a 1 year high of $19.91. The firm has a fifty day moving average price of $18.51 and a 200-day moving average price of $18.22.

Broadstone Net Lease (NYSE:BNL) last issued its earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share 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, research analysts expect that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Increases Dividend

The firm 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 is a boost from Broadstone Net Lease’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.17 annualized dividend and a yield of 6.0%. Broadstone Net Lease’s dividend payout ratio is 232.00%.

Analyst Ratings Changes

BNL has been the topic of several recent research reports. BTIG Research lowered their price objective on shares of Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadstone Net Lease in a research report on Wednesday, January 21st. BMO Capital Markets reissued an “outperform” rating on shares of Broadstone Net Lease in a research report on Thursday, December 4th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $21.00 target price on shares of Broadstone Net Lease in a report on Tuesday, December 2nd. Finally, Wall Street Zen upgraded Broadstone Net Lease from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadstone Net Lease has an average rating of “Moderate Buy” and an average price target of $19.90.

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.