Broadstone Net Lease, Inc. $BNL Shares Purchased by Columbus Macro LLC

Columbus Macro LLC grew its position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 836,598 shares of the company’s stock after purchasing an additional 39,657 shares during the quarter. Broadstone Net Lease makes up 1.5% of Columbus Macro LLC’s holdings, making the stock its 13th biggest holding. Columbus Macro LLC owned approximately 0.44% of Broadstone Net Lease worth $15,477,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP acquired a new position in shares of Broadstone Net Lease in the second quarter valued at approximately $34,000. Global Retirement Partners LLC acquired a new stake in Broadstone Net Lease during the 2nd quarter worth approximately $74,000. Nykredit A S acquired a new stake in Broadstone Net Lease during the 2nd quarter worth approximately $91,000. EverSource Wealth Advisors LLC grew its holdings in Broadstone Net Lease by 33.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,075 shares of the company’s stock worth $129,000 after acquiring an additional 1,788 shares during the last quarter. Finally, KBC Group NV grew its holdings in Broadstone Net Lease by 38.1% during the 1st quarter. KBC Group NV now owns 7,352 shares of the company’s stock worth $134,000 after acquiring an additional 2,028 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Richard Imperiale purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the transaction, the director owned 26,250 shares of the company’s stock, valued at approximately $557,025. This trade represents a 23.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.02% of the company’s stock.

Broadstone Net Lease Stock Performance

Shares of BNL stock traded down $0.33 on Wednesday, hitting $18.00. The company had a trading volume of 2,324,618 shares, compared to its average volume of 2,156,240. Broadstone Net Lease, Inc. has a twelve month low of $17.16 and a twelve month high of $23.10. The firm has a market cap of $3.45 billion, a P/E ratio of 23.68 and a beta of 0.91. The stock’s 50-day moving average is $20.05 and its two-hundred day moving average is $20.39.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%. The company had revenue of $122.31 million for the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Equities research analysts predict that Broadstone Net Lease, Inc. will post 1.51 EPS for the current year.

Broadstone Net Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.2925 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.5%. Broadstone Net Lease’s payout ratio is 153.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Cantor Fitzgerald upped their price target on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Truist Financial upgraded shares of Broadstone Net Lease from a “hold” rating to a “buy” rating and cut their price target for the stock from $22.00 to $21.00 in a report on Thursday, October 1st. The Goldman Sachs Group lifted their price target on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Saturday, August 1st. BMO Capital Markets boosted their price objective on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Finally, KeyCorp reissued an “overweight” rating on shares of Broadstone Net Lease in a research note on Tuesday, September 15th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Broadstone Net Lease 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.