Quantinno Capital Management LP Grows Stock Position in Broadstone Net Lease, Inc. $BNL

Quantinno Capital Management LP boosted its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 164.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,618 shares of the company’s stock after purchasing an additional 57,021 shares during the quarter. Quantinno Capital Management LP’s holdings in Broadstone Net Lease were worth $1,674,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. CIBC Private Wealth Group LLC raised its position in shares of Broadstone Net Lease by 42.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock valued at $35,000 after buying an additional 600 shares during the last quarter. American Century Companies Inc. raised its holdings in Broadstone Net Lease by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock valued at $1,250,000 after acquiring an additional 664 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Broadstone Net Lease by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock worth $1,432,000 after purchasing an additional 768 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Broadstone Net Lease by 5.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,294 shares of the company’s stock worth $335,000 after purchasing an additional 944 shares during the last quarter. Finally, FJ Capital Management LLC grew its position in shares of Broadstone Net Lease by 8.2% in the second quarter. FJ Capital Management LLC now owns 12,754 shares of the company’s stock valued at $205,000 after purchasing an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Trading Up 1.9%

Shares of NYSE:BNL opened at $21.05 on Thursday. The business has a 50-day moving average price of $21.38 and a 200 day moving average price of $20.12. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 27.70 and a beta of 0.92. Broadstone Net Lease, Inc. has a 12-month low of $16.56 and a 12-month high of $23.10.

Broadstone Net Lease (NYSE:BNL) last posted its earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $122.31 million for 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. As a group, equities research analysts predict that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current fiscal 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 issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio is currently 153.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BNL shares. The Goldman Sachs Group increased their price target on Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a report on Saturday, August 1st. Cantor Fitzgerald raised their target price on Broadstone Net Lease from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Citizens Jmp lowered Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. BTIG Research boosted their price target on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, KeyCorp upped their price objective on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadstone Net Lease currently has an average rating of “Moderate Buy” and a consensus price target of $22.78.

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.