Broadstone Net Lease, Inc. $BNL Position Decreased by Post Resch Tallon Group Inc.

Post Resch Tallon Group Inc. lessened its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 19.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 204,881 shares of the company’s stock after selling 48,481 shares during the quarter. Broadstone Net Lease makes up about 2.6% of Post Resch Tallon Group Inc.’s holdings, making the stock its 8th largest position. Post Resch Tallon Group Inc. owned 0.11% of Broadstone Net Lease worth $3,790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BNL. BlackRock Inc. purchased a new stake in Broadstone Net Lease in the 2nd quarter valued at $712,332,000. Bank of New York Mellon Corp acquired a new stake in Broadstone Net Lease in the second quarter valued at $39,745,000. Wellington Management Group LLP acquired a new stake in shares of Broadstone Net Lease in the second quarter valued at about $35,709,000. Bank of America Corp DE acquired a new stake in shares of Broadstone Net Lease during the 2nd quarter valued at approximately $32,978,000. Finally, New England Private Wealth Advisors LLC acquired a new position in Broadstone Net Lease during the fourth quarter worth $27,426,000. Institutional investors and hedge funds own 89.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BNL. KeyCorp reiterated an “overweight” rating on shares of Broadstone Net Lease in a report on Tuesday, September 15th. The Goldman Sachs Group boosted their target price on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a report on Saturday, August 1st. BTIG Research upped their price target on Broadstone Net Lease from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Citizens Jmp lowered shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Finally, BMO Capital Markets raised their target price on Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.67.

Broadstone Net Lease Price Performance

Shares of NYSE BNL opened at $18.23 on Friday. Broadstone Net Lease, Inc. has a 1-year low of $17.16 and a 1-year high of $23.10. The business’s fifty day moving average price is $20.23 and its two-hundred day moving average price is $20.40. The firm has a market capitalization of $3.50 billion, a PE ratio of 23.98 and a beta of 0.91.

Broadstone Net Lease (NYSE:BNL) last announced its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The firm had revenue of $122.31 million for the quarter, compared to the consensus estimate of $121.63 million. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Equities research analysts expect that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s payout ratio is 153.95%.

Insider Transactions at Broadstone Net Lease

In related news, Director Richard Imperiale purchased 5,000 shares of Broadstone Net Lease stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of $21.22 per share, with a total value of $106,100.00. Following the completion of the transaction, the director directly owned 26,250 shares of the company’s stock, valued at $557,025. This trade represents a 23.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.02% of the company’s stock.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc is a real estate investment trust (REIT) that owns and manages a diversified portfolio of single-tenant commercial properties. The company primarily invests in properties subject to long-term, triple-net leases, under which tenants generally are responsible for property taxes, insurance and maintenance costs.

Broadstone’s portfolio includes industrial, healthcare, restaurant and other commercial properties leased to tenants across a range of industries. Its business activities include acquiring, owning, leasing and managing income-producing real estate, with an emphasis on properties that can provide stable rental income over extended lease terms.

Founded in 2007, Broadstone Net Lease completed its initial public offering in 2020.