Segall Bryant & Hamill LLC Sells 106,130 Shares of Broadstone Net Lease, Inc. $BNL

Segall Bryant & Hamill LLC lessened its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 55.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,121 shares of the company’s stock after selling 106,130 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Broadstone Net Lease were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. boosted its position in Broadstone Net Lease by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock valued at $1,250,000 after buying an additional 664 shares during the last quarter. Alps Advisors Inc. lifted its stake in shares of Broadstone Net Lease by 4.7% during the third quarter. Alps Advisors Inc. now owns 16,574 shares of the company’s stock valued at $296,000 after acquiring an additional 737 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Broadstone Net Lease by 0.9% during the second quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock valued at $1,432,000 after acquiring an additional 768 shares during the period. Arizona State Retirement System boosted its holdings in Broadstone Net Lease by 1.4% in the third quarter. Arizona State Retirement System now owns 55,951 shares of the company’s stock valued at $1,000,000 after acquiring an additional 779 shares during the last quarter. Finally, Covestor Ltd increased its position in Broadstone Net Lease by 15.2% in the third quarter. Covestor Ltd now owns 5,928 shares of the company’s stock worth $106,000 after purchasing an additional 781 shares during the period. 89.07% of the stock is owned by institutional investors.

Broadstone Net Lease Stock Performance

Shares of BNL stock opened at $19.14 on Friday. Broadstone Net Lease, Inc. has a 52 week low of $13.96 and a 52 week high of $19.91. The company’s 50 day moving average price is $18.67 and its two-hundred day moving average price is $18.31. The company has a market capitalization of $3.66 billion, a P/E ratio of 38.28 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.20). Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Analysts forecast that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.17 annualized dividend and a dividend yield of 6.1%. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.29. Broadstone Net Lease’s dividend payout ratio (DPR) is 232.00%.

Wall Street Analysts Forecast Growth

BNL has been the topic of several recent research reports. Wall Street Zen raised shares of Broadstone Net Lease from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Cantor Fitzgerald raised their price objective on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, February 24th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Broadstone Net Lease in a report on Thursday, December 4th. Citizens Jmp reiterated a “market outperform” rating and set a $21.00 target price on shares of Broadstone Net Lease in a research report on Tuesday, December 2nd. Finally, BTIG Research cut their price target on Broadstone Net Lease from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Broadstone Net Lease presently has an average rating of “Moderate Buy” and a consensus price target of $19.90.

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.