TritonPoint Partners LLC Makes New Investment in Broadstone Net Lease, Inc. $BNL

TritonPoint Partners LLC acquired a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 90,332 shares of the company’s stock, valued at approximately $1,595,000. Broadstone Net Lease accounts for about 0.9% of TritonPoint Partners LLC’s portfolio, making the stock its 29th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in BNL. Balyasny Asset Management L.P. boosted its stake in shares of 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 buying an additional 2,951,207 shares in the last quarter. Norges Bank purchased a new position in Broadstone Net Lease in the fourth quarter worth $41,471,000. Hudson Bay Capital Management LP purchased a new position in Broadstone Net Lease in the third quarter worth $37,998,000. New England Private Wealth Advisors LLC purchased a new position in Broadstone Net Lease in the fourth quarter worth $27,426,000. Finally, Deutsche Bank AG raised its position in Broadstone Net Lease by 580.4% in the fourth quarter. Deutsche Bank AG now owns 1,582,857 shares of the company’s stock worth $27,494,000 after acquiring an additional 1,350,222 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BNL has been the subject of several research analyst reports. Cantor Fitzgerald increased their price objective 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. Citigroup cut Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday. Citizens Jmp cut Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday. UBS Group increased their price objective 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. Finally, Weiss Ratings upgraded Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.56.

Broadstone Net Lease Stock Performance

Shares of BNL stock opened at $21.07 on Monday. The stock has a fifty day moving average price of $20.05 and a 200 day moving average price of $19.00. The stock has a market cap of $4.03 billion, a PE ratio of 32.41 and a beta of 0.95. Broadstone Net Lease, Inc. has a 1 year low of $15.66 and a 1 year high of $21.50.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, equities research analysts predict that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued 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 yield of 5.6%. Broadstone Net Lease’s payout ratio is currently 180.00%.

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.