Segall Bryant & Hamill LLC Boosts Stock Holdings in Broadstone Net Lease, Inc. $BNL

Segall Bryant & Hamill LLC grew its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 6.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,251 shares of the company’s stock after buying an additional 12,275 shares during the quarter. Segall Bryant & Hamill LLC owned 0.10% of Broadstone Net Lease worth $3,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers bought a new position in Broadstone Net Lease during the 1st quarter worth approximately $7,259,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Broadstone Net Lease by 10.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 108,124 shares of the company’s stock worth $1,842,000 after purchasing an additional 10,164 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Broadstone Net Lease by 17.1% in the first quarter. LPL Financial LLC now owns 131,654 shares of the company’s stock worth $2,243,000 after purchasing an additional 19,190 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Broadstone Net Lease by 6.0% in the first quarter. Natixis Advisors LLC now owns 126,446 shares of the company’s stock worth $2,155,000 after buying an additional 7,206 shares during the period. Finally, MGO One Seven LLC raised its holdings in Broadstone Net Lease by 3.7% during the 1st quarter. MGO One Seven LLC now owns 118,124 shares of the company’s stock valued at $2,013,000 after buying an additional 4,168 shares during the last quarter. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

Shares of NYSE BNL opened at $18.48 on Tuesday. Broadstone Net Lease, Inc. has a 1 year low of $13.96 and a 1 year high of $18.87. The company’s 50-day moving average is $18.29 and its 200 day moving average is $17.21. The stock has a market capitalization of $3.50 billion, a P/E ratio of 39.31 and a beta of 1.00.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.23). Broadstone Net Lease had a return on equity of 2.91% and a net margin of 20.04%.The company had revenue of $114.17 million during the quarter, compared to analysts’ expectations of $111.89 million. Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. Research analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Broadstone Net Lease’s dividend payout ratio is presently 246.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BNL shares. The Goldman Sachs Group raised shares of Broadstone Net Lease from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, August 21st. Cantor Fitzgerald began coverage on shares of Broadstone Net Lease in a report on Wednesday, October 1st. They set an “overweight” rating and a $21.00 target price for the company. Wolfe Research raised Broadstone Net Lease from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research note on Monday, July 28th. BTIG Research reaffirmed a “buy” rating and set a $22.00 price target on shares of Broadstone Net Lease in a research report on Wednesday, October 1st. Finally, Wall Street Zen cut Broadstone Net Lease from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.89.

Broadstone Net Lease Profile

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties.