1,578,911 Shares in Broadstone Net Lease, Inc. $BNL Acquired by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC bought a new position in Broadstone Net Lease, Inc. (NYSE:BNL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,578,911 shares of the company’s stock, valued at approximately $27,426,000. Broadstone Net Lease comprises approximately 3.3% of New England Private Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest position. New England Private Wealth Advisors LLC owned approximately 0.83% of Broadstone Net Lease at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Advocates LLC acquired a new stake in Broadstone Net Lease in the 3rd quarter worth approximately $30,000. CIBC Private Wealth Group LLC increased its position in Broadstone Net Lease by 42.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after buying an additional 600 shares during the period. Advisory Services Network LLC bought a new position in Broadstone Net Lease in the 3rd quarter worth approximately $61,000. EverSource Wealth Advisors LLC increased its position in 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 buying an additional 1,906 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Broadstone Net Lease by 33.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after buying an additional 1,385 shares during the period. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on BNL. Weiss Ratings raised Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Cantor Fitzgerald lifted their price target on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Citizens Jmp downgraded Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday. Truist Financial set a $22.00 price target on Broadstone Net Lease in a research report on Monday. Finally, Citigroup downgraded Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.56.

Broadstone Net Lease Stock Up 0.8%

Shares of NYSE BNL opened at $21.07 on Friday. The company has a market cap of $4.03 billion, a P/E ratio of 32.41 and a beta of 0.95. Broadstone Net Lease, Inc. has a 12 month low of $15.66 and a 12 month high of $21.50. The business’s 50 day moving average is $20.05 and its two-hundred day moving average is $18.99.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $121.40 million for the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. Sell-side analysts expect that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.6%. Broadstone Net Lease’s payout ratio is currently 180.00%.

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.