Quantbot Technologies LP Acquires 154,658 Shares of Broadstone Net Lease, Inc. $BNL

Quantbot Technologies LP raised its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 346.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 199,241 shares of the company’s stock after acquiring an additional 154,658 shares during the quarter. Quantbot Technologies LP’s holdings in Broadstone Net Lease were worth $3,198,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Jane Street Group LLC grew its holdings in shares of Broadstone Net Lease by 292.3% in the 1st quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after acquiring an additional 412,604 shares in the last quarter. LPL Financial LLC raised its holdings in Broadstone Net Lease by 17.1% during the first quarter. LPL Financial LLC now owns 131,654 shares of the company’s stock worth $2,243,000 after acquiring an additional 19,190 shares in the last quarter. Vanguard Group Inc. boosted its position in Broadstone Net Lease by 1.0% during the first quarter. Vanguard Group Inc. now owns 27,711,994 shares of the company’s stock valued at $472,212,000 after purchasing an additional 266,900 shares during the last quarter. Canandaigua National Trust Co of Florida bought a new position in Broadstone Net Lease in the second quarter valued at approximately $965,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Broadstone Net Lease during the 1st quarter worth approximately $4,870,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BNL shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Broadstone Net Lease in a research note on Wednesday, October 8th. 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 research report on Thursday, August 21st. Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Sunday, November 30th. KeyCorp upgraded shares of Broadstone Net Lease from a “sector weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Tuesday, August 19th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $22.00 target price on shares of Broadstone Net Lease in a report on Wednesday, October 1st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.20.

Broadstone Net Lease Price Performance

Shares of Broadstone Net Lease stock opened at $17.55 on Friday. The business has a fifty day simple moving average of $18.17 and a two-hundred day simple moving average of $17.28. Broadstone Net Lease, Inc. has a 1 year low of $13.96 and a 1 year high of $18.87. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 37.33 and a beta of 1.03.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.23). The company had revenue of $114.17 million during the quarter, compared to the consensus estimate of $111.89 million. Broadstone Net Lease had a net margin of 20.04% and a return on equity of 2.93%. Broadstone Net Lease has set its FY 2025 guidance at 1.490-1.500 EPS. As a group, equities analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Broadstone Net Lease’s dividend payout ratio is currently 246.81%.

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.