Walleye Capital LLC Acquires Shares of 96,319 Broadstone Net Lease, Inc. $BNL

Walleye Capital LLC bought a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 96,319 shares of the company’s stock, valued at approximately $1,991,000. Walleye Capital LLC owned approximately 0.05% of Broadstone Net Lease as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. CIBC Private Wealth Group LLC raised its position in shares of Broadstone Net Lease by 42.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock valued at $35,000 after buying an additional 600 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Broadstone Net Lease during the third quarter worth approximately $61,000. EverSource Wealth Advisors LLC grew its position in Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock worth $68,000 after buying an additional 1,906 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Broadstone Net Lease by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company’s stock worth $96,000 after acquiring an additional 1,385 shares during the period. Finally, KBC Group NV increased its stake 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 period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Broadstone Net Lease Price Performance

Shares of BNL opened at $21.38 on Friday. Broadstone Net Lease, Inc. has a one year low of $16.60 and a one year high of $23.10. The company has a market cap of $4.10 billion, a P/E ratio of 28.13 and a beta of 0.92. The firm has a 50 day simple moving average of $21.41 and a two-hundred day simple moving average of $20.15.

Broadstone Net Lease (NYSE:BNL) last released its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $122.31 million during the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, analysts expect that Broadstone Net Lease, Inc. will post 1.52 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 dividend yield of 5.5%. The ex-dividend date is Wednesday, September 30th. Broadstone Net Lease’s dividend payout ratio is currently 153.95%.

Wall Street Analysts Forecast Growth

BNL has been the subject of several analyst reports. The Goldman Sachs Group lifted their price objective on Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a report on Saturday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Broadstone Net Lease in a research report on Friday, July 31st. Truist Financial set a $22.00 price target on Broadstone Net Lease in a research report on Monday, June 8th. KeyCorp boosted their price target on Broadstone Net Lease from $20.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Citigroup cut shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a research report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.