UBS Group AG Raises Stock Holdings in Broadstone Net Lease, Inc. $BNL

UBS Group AG boosted its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 31.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 280,563 shares of the company’s stock after acquiring an additional 66,637 shares during the period. UBS Group AG’s holdings in Broadstone Net Lease were worth $4,873,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. American Century Companies Inc. raised its position in Broadstone Net Lease by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock worth $1,250,000 after buying an additional 664 shares during the last quarter. Alps Advisors Inc. raised its position in Broadstone Net Lease by 4.7% in the 3rd quarter. Alps Advisors Inc. now owns 16,574 shares of the company’s stock worth $296,000 after buying an additional 737 shares during the last quarter. Lazard Asset Management LLC raised its position in Broadstone Net Lease by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock worth $1,432,000 after buying an additional 768 shares during the last quarter. Arizona State Retirement System raised its position in Broadstone Net Lease by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 55,951 shares of the company’s stock worth $1,000,000 after buying an additional 779 shares during the last quarter. Finally, Covestor Ltd raised its position in Broadstone Net Lease by 15.2% in the 3rd quarter. Covestor Ltd now owns 5,928 shares of the company’s stock worth $106,000 after buying an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Analyst Ratings Changes

BNL has been the subject of a number of recent analyst reports. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Cantor Fitzgerald boosted their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, UBS Group boosted their target price on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.33.

Broadstone Net Lease Stock Down 0.1%

NYSE BNL opened at $20.41 on Friday. Broadstone Net Lease, Inc. has a 52 week low of $15.28 and a 52 week high of $20.49. The firm has a market capitalization of $3.91 billion, a P/E ratio of 31.41 and a beta of 0.96. The company has a 50-day moving average price of $19.54 and a 200-day moving average price of $18.73.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. The firm had revenue of $121.40 million during the quarter, compared to analyst estimates of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, equities research analysts anticipate that Broadstone Net Lease, Inc. will post 1.51 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 annualized dividend and a dividend yield of 5.7%. Broadstone Net Lease’s dividend payout ratio is presently 180.00%.

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.