Jupiter Topco LLC Purchases Shares of 1,121,275 Broadstone Net Lease, Inc. $BNL

Jupiter Topco LLC acquired a new stake in Broadstone Net Lease, Inc. (NYSE:BNL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,121,275 shares of the company’s stock, valued at approximately $23,178,000. Jupiter Topco LLC owned 0.58% of Broadstone Net Lease as of its most recent filing with the Securities and Exchange Commission.

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

Broadstone Net Lease Stock Performance

NYSE:BNL opened at $21.13 on Friday. The firm has a market cap of $4.05 billion, a P/E ratio of 27.80 and a beta of 0.92. The stock’s 50 day simple moving average is $21.49 and its 200-day simple moving average is $20.33. Broadstone Net Lease, Inc. has a 12-month low of $17.16 and a 12-month high of $23.10.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 during 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. Research analysts forecast that Broadstone Net Lease, Inc. will post 1.53 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 yield of 5.5%. Broadstone Net Lease’s dividend payout ratio is presently 153.95%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadstone Net Lease in a research note on Friday, July 31st. The Goldman Sachs Group raised their target price on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Saturday, August 1st. KeyCorp raised their price objective on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research note on Friday, June 12th. Finally, BTIG Research upped their target price on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, June 26th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.78.

Insider Activity at Broadstone Net Lease

In other news, Director Richard P. Imperiale bought 5,000 shares of Broadstone Net Lease stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the purchase, the director owned 26,250 shares of the company’s stock, valued at approximately $557,025. The trade was a 23.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.02% of the company’s stock.

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.