Broadstone Net Lease (NYSE:BNL) Director Buys $106,100.00 in Stock

Broadstone Net Lease, Inc. (NYSE:BNL) Director Richard Imperiale purchased 5,000 shares of the stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $21.22 per share, for a total transaction of $106,100.00. Following the acquisition, the director directly owned 26,250 shares of the company’s stock, valued at approximately $557,025. This represents a 23.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Broadstone Net Lease Stock Performance

NYSE BNL traded up $0.08 on Monday, reaching $21.20. 2,168,983 shares of the stock traded hands, compared to its average volume of 2,214,129. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 27.90 and a beta of 0.92. Broadstone Net Lease, Inc. has a 12 month low of $17.16 and a 12 month high of $23.10. The company has a fifty day moving average price of $21.43 and a 200-day moving average price of $20.26.

Broadstone Net Lease (NYSE:BNL) last issued its earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.The firm had revenue of $122.31 million for the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, research analysts anticipate that Broadstone Net Lease, Inc. will post 1.53 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.2925 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.5%. Broadstone Net Lease’s payout ratio is 153.95%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in shares of Broadstone Net Lease by 69.9% during the first quarter. Royal Bank of Canada now owns 91,943 shares of the company’s stock valued at $1,566,000 after acquiring an additional 37,830 shares during the period. AQR Capital Management LLC boosted its stake in Broadstone Net Lease by 52.8% during the first quarter. AQR Capital Management LLC now owns 25,599 shares of the company’s stock valued at $436,000 after buying an additional 8,848 shares in the last quarter. Millennium Management LLC grew its holdings in Broadstone Net Lease by 2.3% during the first quarter. Millennium Management LLC now owns 1,147,372 shares of the company’s stock worth $19,551,000 after acquiring an additional 25,944 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Broadstone Net Lease by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,283,889 shares of the company’s stock worth $21,877,000 after acquiring an additional 70,534 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Broadstone Net Lease by 292.3% during the 1st quarter. Jane Street Group LLC now owns 553,738 shares of the company’s stock valued at $9,436,000 after purchasing an additional 412,604 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BNL. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadstone Net Lease in a research report on Friday, July 31st. BMO Capital Markets lifted their target price on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. The Goldman Sachs Group lifted their price objective on Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Saturday, August 1st. Citizens Jmp downgraded Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Finally, Truist Financial set a $22.00 price target on Broadstone Net Lease in a report on Monday, June 8th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.78.

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.