Broadstone Net Lease (NYSE:BNL) Director Richard Imperiale Acquires 5,000 Shares of Stock

Broadstone Net Lease, Inc. (NYSE:BNL) Director Richard Imperiale acquired 5,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $21.22 per share, with a total value of $106,100.00. Following the completion of the purchase, the director directly owned 26,250 shares of the company’s stock, valued at $557,025. This trade represents a 23.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Broadstone Net Lease Stock Up 0.4%

BNL stock opened at $21.20 on Tuesday. Broadstone Net Lease, Inc. has a twelve month low of $17.16 and a twelve month high of $23.10. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 27.90 and a beta of 0.92. The firm’s fifty day simple moving average is $21.44 and its two-hundred day simple moving average is $20.28.

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

Broadstone Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.17 annualized dividend and a yield of 5.5%. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 153.95%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Cantor Fitzgerald upped their target price on Broadstone Net Lease from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. KeyCorp raised their price target on Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Citizens Jmp cut Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. Truist Financial set a $22.00 price objective on Broadstone Net Lease in a research report on Monday, June 8th. Finally, BMO Capital Markets increased their target price on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.78.

Hedge Funds Weigh In On Broadstone Net Lease

A number of hedge funds have recently added to or reduced their stakes in BNL. Allworth Financial LP purchased a new position in shares of Broadstone Net Lease during the second quarter worth approximately $34,000. CIBC Private Wealth Group LLC boosted its holdings 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 purchasing an additional 600 shares during the period. Advisory Services Network LLC bought a new position in Broadstone Net Lease in the third quarter worth approximately $61,000. EverSource Wealth Advisors LLC grew its stake in Broadstone Net Lease by 80.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Broadstone Net Lease during the 2nd quarter worth $74,000. 89.07% of the stock is currently owned by institutional investors.

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.