State of Alaska Department of Revenue Has $2.38 Million Holdings in Broadstone Net Lease, Inc. $BNL

State of Alaska Department of Revenue increased its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 33.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,086 shares of the company’s stock after acquiring an additional 34,498 shares during the period. State of Alaska Department of Revenue’s holdings in Broadstone Net Lease were worth $2,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Advocates LLC acquired a new stake in shares of Broadstone Net Lease in the 3rd quarter worth about $30,000. Blue Trust Inc. raised its holdings in shares of Broadstone Net Lease by 96.9% in the 3rd quarter. Blue Trust Inc. now owns 1,790 shares of the company’s stock worth $32,000 after acquiring an additional 881 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Broadstone Net Lease in the 3rd quarter worth about $61,000. EverSource Wealth Advisors LLC raised its holdings in shares of Broadstone Net Lease by 80.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after acquiring an additional 1,906 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Broadstone Net Lease by 15.2% in the 3rd quarter. Covestor Ltd now owns 5,928 shares of the company’s stock worth $106,000 after acquiring an additional 781 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

Broadstone Net Lease Stock Performance

Shares of BNL stock opened at $20.36 on Friday. Broadstone Net Lease, Inc. has a 52-week low of $15.28 and a 52-week high of $20.37. The company has a 50-day simple moving average of $19.22 and a two-hundred day simple moving average of $18.48. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 40.71 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $116.35 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, sell-side analysts forecast that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.7%. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. Broadstone Net Lease’s payout ratio is currently 234.00%.

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.