Broadstone Net Lease, Inc. $BNL Shares Bought by Prairiewood Capital LLC

Prairiewood Capital LLC raised its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 393,547 shares of the company’s stock after purchasing an additional 28,689 shares during the quarter. Broadstone Net Lease comprises approximately 2.1% of Prairiewood Capital LLC’s portfolio, making the stock its 13th largest holding. Prairiewood Capital LLC owned about 0.21% of Broadstone Net Lease worth $6,836,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BNL. Strategic Advocates LLC acquired a new position in Broadstone Net Lease in the third quarter valued at $30,000. Blue Trust Inc. increased its stake in Broadstone Net Lease by 96.9% in the third quarter. Blue Trust Inc. now owns 1,790 shares of the company’s stock valued at $32,000 after purchasing an additional 881 shares during the period. Advisory Services Network LLC acquired a new position in Broadstone Net Lease in the third quarter valued at $61,000. EverSource Wealth Advisors LLC increased 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 valued at $68,000 after purchasing an additional 1,906 shares during the period. Finally, Covestor Ltd increased its stake in Broadstone Net Lease by 15.2% in the third quarter. Covestor Ltd now owns 5,928 shares of the company’s stock valued at $106,000 after purchasing an additional 781 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BNL has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on shares of Broadstone Net Lease from $18.00 to $19.00 and gave the company a “positive” rating in a research note on Monday, December 29th. UBS Group lifted their price objective on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Cantor Fitzgerald lifted their price objective on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. Weiss Ratings upgraded shares of Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 6th. Finally, Wall Street Zen upgraded shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Broadstone Net Lease presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.22.

Broadstone Net Lease Stock Up 1.5%

Shares of Broadstone Net Lease stock opened at $20.10 on Wednesday. Broadstone Net Lease, Inc. has a 52-week low of $15.28 and a 52-week high of $20.11. The company’s 50-day simple moving average is $19.16 and its 200-day simple moving average is $18.44. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 40.20 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.The firm had revenue of $118.30 million for the quarter, compared to analyst estimates of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Equities research analysts anticipate that Broadstone Net Lease, Inc. will post 1.43 EPS for the current year.

Broadstone Net Lease Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.8%. This is a positive change from Broadstone Net Lease’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, March 31st. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 234.00%.

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.