New England Private Wealth Advisors LLC Makes New Investment in Broadstone Net Lease, Inc. $BNL

New England Private Wealth Advisors LLC bought a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,578,911 shares of the company’s stock, valued at approximately $27,426,000. Broadstone Net Lease comprises 1.6% of New England Private Wealth Advisors LLC’s portfolio, making the stock its 14th largest position. New England Private Wealth Advisors LLC owned 0.83% of Broadstone Net Lease at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Broadstone Net Lease by 69.9% during the first 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 raised its position in shares of Broadstone Net Lease by 52.8% during the first quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock valued at $436,000 after buying an additional 8,848 shares during the last quarter. Millennium Management LLC raised its position in shares of Broadstone Net Lease by 2.3% during the first quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock valued at $19,551,000 after buying an additional 25,944 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Broadstone Net Lease by 5.8% during 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 buying an additional 70,534 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Broadstone Net Lease by 292.3% during the first quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after buying an additional 412,604 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Stock Down 0.0%

NYSE BNL opened at $20.41 on Friday. The stock has a market cap of $3.91 billion, a P/E ratio of 31.39 and a beta of 0.96. The company’s 50-day simple moving average is $19.57 and its 200 day simple moving average is $18.74. Broadstone Net Lease, Inc. has a twelve month low of $15.30 and a twelve month high of $20.49.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $121.40 million for the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Research analysts anticipate that Broadstone Net Lease, Inc. will post 1.51 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. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio is currently 180.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group upped their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Weiss Ratings raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Cantor Fitzgerald upped their target price on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.33.

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.