Norges Bank Takes $41.47 Million Position in Broadstone Net Lease, Inc. $BNL

Norges Bank bought a new position in Broadstone Net Lease, Inc. (NYSE:BNL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,387,491 shares of the company’s stock, valued at approximately $41,471,000. Norges Bank owned approximately 1.26% of Broadstone Net Lease at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Strategic Advocates LLC acquired a new stake in shares of Broadstone Net Lease during the 3rd quarter worth about $30,000. Advisory Services Network LLC acquired a new stake in shares of Broadstone Net Lease in the 3rd quarter valued at $61,000. EverSource Wealth Advisors LLC grew its position in shares of Broadstone Net Lease by 80.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after buying an additional 1,906 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Broadstone Net Lease by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after buying an additional 1,385 shares during the period. Finally, Choreo LLC acquired a new stake in shares of Broadstone Net Lease during the 3rd quarter worth approximately $221,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. UBS Group lifted their price objective on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Truist Financial set a $22.00 price objective on Broadstone Net Lease in a research note on Monday. Finally, Cantor Fitzgerald lifted their price objective on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadstone Net Lease has a consensus rating of “Moderate Buy” and a consensus price target of $20.56.

Broadstone Net Lease Trading Up 0.3%

NYSE:BNL opened at $20.65 on Tuesday. Broadstone Net Lease, Inc. has a 1 year low of $15.66 and a 1 year high of $20.83. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 31.76 and a beta of 0.95. The stock has a 50-day moving average price of $19.85 and a two-hundred day moving average price of $18.92.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The firm had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Sell-side analysts forecast that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio is 180.00%.

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.