Renaissance Technologies LLC Has $1.13 Million Stake in Broadstone Net Lease, Inc. $BNL

Renaissance Technologies LLC cut its stake in Broadstone Net Lease, Inc. (NYSE:BNL) by 75.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,900 shares of the company’s stock after selling 192,800 shares during the period. Renaissance Technologies LLC’s holdings in Broadstone Net Lease were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Resonant Capital Advisors LLC bought a new stake in Broadstone Net Lease in the 4th quarter valued at approximately $514,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Broadstone Net Lease by 187.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 103,751 shares of the company’s stock worth $1,802,000 after purchasing an additional 67,637 shares during the last quarter. Indivisible Partners acquired a new stake in Broadstone Net Lease in the 4th quarter valued at $1,465,000. TritonPoint Partners LLC bought a new stake in Broadstone Net Lease during the 4th quarter worth about $1,595,000. Finally, LSV Asset Management boosted its stake in shares of Broadstone Net Lease by 60.9% during the 4th quarter. LSV Asset Management now owns 2,156,500 shares of the company’s stock worth $37,458,000 after buying an additional 816,100 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Stock Up 0.8%

BNL opened at $21.24 on Friday. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 27.95 and a beta of 0.92. Broadstone Net Lease, Inc. has a twelve month low of $16.58 and a twelve month high of $23.10. The company has a 50-day simple moving average of $21.40 and a 200 day simple moving average of $20.14.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. The firm 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. Sell-side analysts anticipate that Broadstone Net Lease, Inc. will post 1.52 EPS for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 5.5%. The ex-dividend date is Wednesday, September 30th. Broadstone Net Lease’s payout ratio is currently 153.95%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citizens Jmp lowered Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a report on Friday, June 12th. BMO Capital Markets upped their price objective on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. KeyCorp raised their target price on shares of Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadstone Net Lease in a research report on Friday, July 31st. Finally, Cantor Fitzgerald lifted their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.78.

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.