Systematic Financial Management LP Cuts Position in Broadstone Net Lease, Inc. $BNL

Systematic Financial Management LP trimmed its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,443,139 shares of the company’s stock after selling 24,246 shares during the period. Systematic Financial Management LP owned approximately 0.75% of Broadstone Net Lease worth $26,366,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of Broadstone Net Lease by 391.1% in the fourth quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock valued at $79,302,000 after buying an additional 3,635,809 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Broadstone Net Lease by 213.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company’s stock worth $69,579,000 after acquiring an additional 2,951,207 shares in the last quarter. Norges Bank acquired a new position in Broadstone Net Lease during the 4th quarter worth about $41,471,000. New England Private Wealth Advisors LLC purchased a new position in Broadstone Net Lease during the 4th quarter valued at about $27,426,000. Finally, Deutsche Bank AG boosted its holdings in Broadstone Net Lease by 580.4% during the 4th quarter. Deutsche Bank AG now owns 1,582,857 shares of the company’s stock valued at $27,494,000 after acquiring an additional 1,350,222 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on BNL. Citizens Jmp downgraded Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Citigroup cut shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. BMO Capital Markets raised their price objective on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Truist Financial set a $22.00 price objective on shares of Broadstone Net Lease in a report on Monday, June 8th. Finally, KeyCorp upped their target price on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Broadstone Net Lease currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

Broadstone Net Lease Trading Down 1.3%

NYSE:BNL opened at $22.39 on Friday. Broadstone Net Lease, Inc. has a 12-month low of $15.67 and a 12-month high of $23.10. The firm has a market cap of $4.29 billion, a PE ratio of 34.45 and a beta of 0.94. The stock has a fifty day moving average price of $21.05 and a 200 day moving average price of $19.81.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The company had revenue of $121.40 million for the quarter, compared to the consensus estimate 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. Equities analysts forecast that Broadstone Net Lease, Inc. will post 1.52 EPS for the current year.

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.