163,924 Shares in Broadstone Net Lease, Inc. $BNL Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 163,924 shares of the company’s stock, valued at approximately $3,388,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Broadstone Net Lease as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Broadstone Net Lease in the 2nd quarter valued at $74,000. Bank of New York Mellon Corp acquired a new position in shares of Broadstone Net Lease during the second quarter valued at $39,745,000. State of Wyoming bought a new position in Broadstone Net Lease in the second quarter valued at about $456,000. GSA Capital Partners LLP acquired a new stake in Broadstone Net Lease in the second quarter worth about $215,000. Finally, Walleye Capital LLC acquired a new stake in Broadstone Net Lease in the second quarter worth about $1,991,000. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Stock Performance

Shares of BNL stock opened at $21.08 on Friday. Broadstone Net Lease, Inc. has a 52 week low of $17.16 and a 52 week high of $23.10. The company’s 50 day moving average price is $21.43 and its two-hundred day moving average price is $20.25. The company has a market capitalization of $4.05 billion, a P/E ratio of 27.74 and a beta of 0.92.

Broadstone Net Lease (NYSE:BNL) last released its quarterly 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. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. The company had revenue of $122.31 million during the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Analysts forecast that Broadstone Net Lease, Inc. will post 1.53 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is currently 153.95%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BMO Capital Markets upped their target price on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. KeyCorp lifted their price target 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. 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. Citigroup lowered shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. Finally, BTIG Research raised their price objective on shares of Broadstone Net Lease from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.78.

Broadstone Net Lease Company 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.