United Capital Financial Advisors LLC Invests $12.32 Million in Broadstone Net Lease, Inc. $BNL

United Capital Financial Advisors LLC bought a new position in Broadstone Net Lease, Inc. (NYSE:BNL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 596,211 shares of the company’s stock, valued at approximately $12,324,000. United Capital Financial Advisors LLC owned about 0.31% of Broadstone Net Lease at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in Broadstone Net Lease during the 2nd quarter worth approximately $34,000. CIBC Private Wealth Group LLC lifted its holdings 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 purchasing an additional 600 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Broadstone Net Lease during the third quarter valued at approximately $61,000. EverSource Wealth Advisors LLC boosted its position in shares of Broadstone Net Lease by 80.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after buying an additional 1,906 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Broadstone Net Lease during the second quarter worth $74,000. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Down 0.7%

BNL stock opened at $21.16 on Friday. The firm has a market cap of $4.06 billion, a PE ratio of 27.84 and a beta of 0.92. The business has a 50 day moving average of $21.48 and a 200-day moving average of $20.32. Broadstone Net Lease, Inc. has a 12-month low of $17.16 and a 12-month high of $23.10.

Broadstone Net Lease (NYSE:BNL) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $122.31 million for the quarter, compared to analyst estimates of $121.63 million. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. On average, research analysts expect that Broadstone Net Lease, Inc. will post 1.53 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Broadstone Net Lease’s payout ratio is 153.95%.

Insider Buying and Selling at Broadstone Net Lease

In related news, Director Richard P. Imperiale purchased 5,000 shares of Broadstone Net Lease stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the completion of the transaction, the director owned 26,250 shares in the company, valued at $557,025. This represents a 23.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BNL shares. Weiss Ratings reissued a “buy (b)” rating on shares of Broadstone Net Lease in a research report on Friday, July 31st. The Goldman Sachs Group lifted their price objective on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Saturday, August 1st. Truist Financial set a $22.00 target price on shares of Broadstone Net Lease in a research note on Monday, June 8th. Cantor Fitzgerald increased their target price on shares of Broadstone Net Lease from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Citizens Jmp lowered shares of Broadstone Net Lease from an “outperform” 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 assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.