Systematic Financial Management LP Purchases 237,214 Shares of Broadstone Net Lease, Inc. $BNL

Systematic Financial Management LP increased its position in Broadstone Net Lease, Inc. (NYSE:BNL) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,467,385 shares of the company’s stock after purchasing an additional 237,214 shares during the period. Systematic Financial Management LP owned approximately 0.78% of Broadstone Net Lease worth $25,488,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Miller Global Investments LLC bought a new position in shares of Broadstone Net Lease in the 4th quarter worth $953,000. AlphaQuest LLC bought a new position in shares of Broadstone Net Lease in the 3rd quarter worth $1,895,000. Principal Financial Group Inc. lifted its holdings in shares of Broadstone Net Lease by 11.0% in the 3rd quarter. Principal Financial Group Inc. now owns 548,917 shares of the company’s stock worth $9,809,000 after purchasing an additional 54,582 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Broadstone Net Lease by 1,640.8% in the 3rd quarter. American Century Companies Inc. now owns 1,355,448 shares of the company’s stock worth $24,222,000 after purchasing an additional 1,277,583 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC bought a new position in shares of Broadstone Net Lease in the 3rd quarter worth $2,224,000. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Trading Down 0.0%

Shares of NYSE:BNL opened at $20.41 on Friday. The stock’s fifty day simple moving average is $19.57 and its two-hundred day simple moving average is $18.74. Broadstone Net Lease, Inc. has a 1-year low of $15.30 and a 1-year high of $20.49. The stock has a market cap of $3.91 billion, a PE ratio of 31.39 and a beta of 0.96.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The business had revenue of $121.40 million for the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. On average, sell-side analysts forecast that Broadstone Net Lease, Inc. will post 1.51 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.2925 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.17 annualized dividend and a yield of 5.7%. Broadstone Net Lease’s dividend payout ratio (DPR) is 180.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BNL. Cantor Fitzgerald increased their target price on Broadstone Net Lease from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. UBS Group increased their target price on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Finally, Weiss Ratings upgraded Broadstone Net Lease from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Broadstone Net Lease presently has a consensus rating of “Moderate Buy” and an average target price of $20.33.

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.