Hsbc Holdings PLC Acquires Shares of 367,632 Broadstone Net Lease, Inc. $BNL

Hsbc Holdings PLC acquired a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 367,632 shares of the company’s stock, valued at approximately $7,600,000. Hsbc Holdings PLC owned about 0.19% of Broadstone Net Lease at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH increased 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. California State Teachers Retirement System lifted its position in shares of Broadstone Net Lease by 30.2% during the 1st quarter. California State Teachers Retirement System now owns 236,627 shares of the company’s stock worth $4,323,000 after buying an additional 54,892 shares during the last quarter. Indivisible Partners bought a new stake in shares of Broadstone Net Lease during the 4th quarter worth $1,465,000. Quantinno Capital Management LP boosted its stake in Broadstone Net Lease by 164.8% in the first quarter. Quantinno Capital Management LP now owns 91,618 shares of the company’s stock valued at $1,674,000 after buying an additional 57,021 shares in the last quarter. Finally, LSV Asset Management boosted its stake in 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 buying an additional 816,100 shares in the last quarter. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Insiders Place Their Bets

In other news, Director Richard P. Imperiale bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $21.22 per share, with a total value of $106,100.00. Following the transaction, the director owned 26,250 shares of the company’s stock, valued at $557,025. This trade represents a 23.53% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.02% of the company’s stock.

Broadstone Net Lease Price Performance

Shares of 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. Broadstone Net Lease, Inc. has a 12-month low of $17.16 and a 12-month high of $23.10. The business has a fifty day simple moving average of $21.49 and a 200 day simple moving average of $20.33.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $122.31 million for the quarter, compared to analyst estimates 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. As a group, equities research analysts expect that Broadstone Net Lease, Inc. will post 1.53 EPS for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.2925 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.17 annualized dividend and a yield of 5.5%. Broadstone Net Lease’s dividend payout ratio is presently 153.95%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup cut Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadstone Net Lease in a report on Friday, July 31st. BTIG Research raised their price target 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. The Goldman Sachs Group lifted their price target 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. Finally, Truist Financial set a $22.00 price objective on shares of Broadstone Net Lease in a research note on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Broadstone Net Lease has a consensus rating of “Moderate Buy” and an average price target 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.