Sei Investments Co. Decreases Stake in Broadstone Net Lease, Inc. $BNL

Sei Investments Co. reduced its stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 10.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 748,210 shares of the company’s stock after selling 84,839 shares during the period. Sei Investments Co.’s holdings in Broadstone Net Lease were worth $13,670,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Broadstone Net Lease by 187.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 103,751 shares of the company’s stock valued at $1,802,000 after purchasing an additional 67,637 shares during the last quarter. Resonant Capital Advisors LLC acquired a new position in Broadstone Net Lease in the 4th quarter valued at $514,000. Indivisible Partners bought a new position in Broadstone Net Lease in the 4th quarter worth $1,465,000. Prairiewood Capital LLC boosted its holdings in Broadstone Net Lease by 7.9% during the fourth quarter. Prairiewood Capital LLC now owns 393,547 shares of the company’s stock valued at $6,836,000 after acquiring an additional 28,689 shares during the period. Finally, LSV Asset Management grew its position in shares of Broadstone Net Lease by 60.9% in the fourth quarter. LSV Asset Management now owns 2,156,500 shares of the company’s stock valued at $37,458,000 after purchasing an additional 816,100 shares during the last quarter. 89.07% of the stock is owned by hedge funds and other institutional investors.

Broadstone Net Lease Price Performance

BNL opened at $21.48 on Friday. The company has a market capitalization of $4.11 billion, a P/E ratio of 28.26 and a beta of 0.94. The firm’s fifty day moving average price is $21.24 and its two-hundred day moving average price is $19.96. Broadstone Net Lease, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $23.10.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $122.31 million during the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.82%. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, equities research analysts expect that Broadstone Net Lease, Inc. will post 1.52 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio is 153.95%.

Analysts Set New Price Targets

BNL has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price objective on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Truist Financial set a $22.00 target price on Broadstone Net Lease in a report on Monday, June 8th. 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. KeyCorp increased their price objective on Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Citizens Jmp downgraded shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.00.

Broadstone Net Lease Profile

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.