Broadstone Net Lease, Inc. (NYSE:BNL) Short Interest Update

Broadstone Net Lease, Inc. (NYSE:BNL) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 20,057,438 shares, an increase of 73.3% from the July 30th total of 11,574,138 shares. Currently, 10.6% of the shares of the stock are sold short. Based on an average trading volume of 2,755,487 shares, the days-to-cover ratio is currently 7.3 days.

Insiders Place Their Bets

In other news, Director Richard P. Imperiale purchased 5,000 shares of the stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the completion of the transaction, the director directly 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 link. 1.02% of the stock is owned by insiders.

Institutional Trading of Broadstone Net Lease

A number of institutional investors have recently made changes to their positions in BNL. Royal Bank of Canada raised its holdings in Broadstone Net Lease by 69.9% during the 1st quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock valued at $1,566,000 after buying an additional 37,830 shares during the last quarter. AQR Capital Management LLC grew its holdings in Broadstone Net Lease by 52.8% in the 1st quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock worth $436,000 after acquiring an additional 8,848 shares during the last quarter. Millennium Management LLC grew its holdings in Broadstone Net Lease by 2.3% in the 1st quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock worth $19,551,000 after acquiring an additional 25,944 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Broadstone Net Lease by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,283,889 shares of the company’s stock valued at $21,877,000 after acquiring an additional 70,534 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Broadstone Net Lease by 292.3% in the first quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after acquiring an additional 412,604 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Trading Down 0.8%

Shares of NYSE:BNL traded down $0.17 on Monday, reaching $20.93. 135,003 shares of the company traded hands, compared to its average volume of 2,180,160. The stock has a market capitalization of $4.02 billion, a P/E ratio of 27.51 and a beta of 0.92. The business’s 50-day simple moving average is $21.49 and its 200 day simple moving average is $20.34. Broadstone Net Lease has a 52 week low of $17.16 and a 52 week high of $23.10.

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

Broadstone Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.2925 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.17 annualized dividend and a yield of 5.6%. Broadstone Net Lease’s payout ratio is presently 153.95%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BNL. Citizens Jmp lowered Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Truist Financial set a $22.00 target price on Broadstone Net Lease in a research note on Monday, June 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadstone Net Lease in a research report on Friday, July 31st. The Goldman Sachs Group increased 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 report on Saturday, August 1st. Finally, BMO Capital Markets lifted their price target on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Broadstone Net Lease presently has an average rating of “Moderate Buy” and an average price target of $22.78.

About Broadstone Net Lease

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.