Corient Private Wealth LP Acquires New Holdings in Broadstone Net Lease, Inc. $BNL

Corient Private Wealth LP acquired a new position in Broadstone Net Lease, Inc. (NYSE:BNL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 98,097 shares of the company’s stock, valued at approximately $2,028,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Palogic Value Management L.P. acquired a new position in Broadstone Net Lease during the 2nd quarter valued at about $1,299,000. Bank of America Corp DE bought a new stake in shares of Broadstone Net Lease during the 2nd quarter worth about $32,978,000. Odyssean LLC raised its position in shares of Broadstone Net Lease by 126.7% during the 2nd quarter. Odyssean LLC now owns 26,738 shares of the company’s stock worth $553,000 after buying an additional 14,945 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of Broadstone Net Lease in the 2nd quarter worth approximately $23,178,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Broadstone Net Lease in the 2nd quarter worth approximately $7,600,000. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

NYSE BNL opened at $21.05 on Thursday. The company’s 50 day simple moving average is $21.49 and its 200 day simple moving average is $20.37. Broadstone Net Lease, Inc. has a 12 month low of $17.16 and a 12 month high of $23.10. The company has a market capitalization of $4.04 billion, a P/E ratio of 27.70 and a beta of 0.91.

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

Broadstone Net Lease Announces Dividend

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

Insider Buying and Selling at Broadstone Net Lease

In related news, Director Richard P. Imperiale bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $21.22 per share, for a total transaction of $106,100.00. Following the acquisition, the director directly owned 26,250 shares of the company’s stock, valued at $557,025. The trade was a 23.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BNL shares. Citigroup cut shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. Truist Financial set a $22.00 target price on Broadstone Net Lease in a report on Monday, June 8th. Citizens Jmp downgraded Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadstone Net Lease in a research note on Friday, July 31st. Finally, BMO Capital Markets increased their price target on Broadstone Net Lease from $24.00 to $26.00 and gave the company 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.