VIRGINIA RETIREMENT SYSTEMS ET Al Sells 39,800 Shares of Broadstone Net Lease, Inc. $BNL

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 33.7% in the 4th quarter, HoldingsChannel reports. The firm owned 78,300 shares of the company’s stock after selling 39,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Broadstone Net Lease were worth $1,360,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Miller Global Investments LLC bought a new position in Broadstone Net Lease during the 4th quarter valued at about $953,000. AlphaQuest LLC bought a new position in Broadstone Net Lease during the 3rd quarter valued at about $1,895,000. Principal Financial Group Inc. lifted its holdings in Broadstone Net Lease by 11.0% during the 3rd quarter. Principal Financial Group Inc. now owns 548,917 shares of the company’s stock valued at $9,809,000 after purchasing an additional 54,582 shares during the last quarter. American Century Companies Inc. lifted its holdings in Broadstone Net Lease by 1,640.8% during the 3rd quarter. American Century Companies Inc. now owns 1,355,448 shares of the company’s stock valued at $24,222,000 after purchasing an additional 1,277,583 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC bought a new position in Broadstone Net Lease during the 3rd quarter valued at about $2,224,000. 89.07% of the stock is owned by institutional investors.

Broadstone Net Lease Price Performance

Shares of NYSE:BNL opened at $19.88 on Friday. Broadstone Net Lease, Inc. has a one year low of $15.28 and a one year high of $20.48. The company has a 50 day moving average of $19.44 and a 200-day moving average of $18.67. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 30.58 and a beta of 0.96.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a net margin of 27.01% and a return on equity of 4.17%. The company had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Equities research analysts anticipate that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.2925 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.17 annualized dividend and a dividend yield of 5.9%. Broadstone Net Lease’s payout ratio is currently 180.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald boosted their target price on shares of Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings raised shares of Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, UBS Group boosted their target price on shares of Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Nine research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $20.33.

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.