Handelsbanken Fonder AB Acquires 39,000 Shares of Broadstone Net Lease, Inc. $BNL

Handelsbanken Fonder AB lifted its holdings in Broadstone Net Lease, Inc. (NYSE:BNL) by 53.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 111,900 shares of the company’s stock after buying an additional 39,000 shares during the period. Handelsbanken Fonder AB’s holdings in Broadstone Net Lease were worth $1,944,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in shares of Broadstone Net Lease by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 77,865 shares of the company’s stock worth $1,250,000 after buying an additional 664 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of Broadstone Net Lease by 4.7% in the 3rd quarter. Alps Advisors Inc. now owns 16,574 shares of the company’s stock worth $296,000 after buying an additional 737 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Broadstone Net Lease by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 89,265 shares of the company’s stock worth $1,432,000 after buying an additional 768 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Broadstone Net Lease by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 55,951 shares of the company’s stock worth $1,000,000 after purchasing an additional 779 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Broadstone Net Lease by 15.2% during the 3rd 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 currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Broadstone Net Lease Price Performance

Broadstone Net Lease stock opened at $20.41 on Monday. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 31.39 and a beta of 0.96. Broadstone Net Lease, Inc. has a 1 year low of $15.30 and a 1 year high of $20.49. The firm has a 50-day moving average of $19.57 and a two-hundred day moving average of $18.75.

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

Broadstone Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio is presently 180.00%.

Broadstone Net Lease 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.