62,863 Shares in Broadstone Net Lease, Inc. $BNL Acquired by Palogic Value Management L.P.

Palogic Value Management L.P. purchased a new position in Broadstone Net Lease, Inc. (NYSE:BNL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,863 shares of the company’s stock, valued at approximately $1,299,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP acquired a new stake in Broadstone Net Lease in the second quarter valued at approximately $34,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Broadstone Net Lease by 42.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000 shares of the company’s stock worth $35,000 after purchasing an additional 600 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Broadstone Net Lease in the 3rd quarter worth $61,000. EverSource Wealth Advisors LLC grew its position in Broadstone Net Lease by 80.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company’s stock valued at $68,000 after purchasing an additional 1,906 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in Broadstone Net Lease in the 2nd quarter valued at $74,000. Institutional investors own 89.07% of the company’s stock.

Broadstone Net Lease Stock Performance

NYSE:BNL opened at $21.32 on Thursday. Broadstone Net Lease, Inc. has a 52 week low of $17.16 and a 52 week high of $23.10. The firm has a 50-day moving average price of $21.47 and a two-hundred day moving average price of $20.31. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 28.05 and a beta of 0.92.

Broadstone Net Lease (NYSE:BNL) last announced its earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $122.31 million for the quarter, compared to the consensus estimate 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. As a group, sell-side analysts forecast that Broadstone Net Lease, Inc. will post 1.53 earnings per share for the current year.

Broadstone Net Lease Announces Dividend

The firm 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 $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.17 annualized dividend and a yield of 5.5%. Broadstone Net Lease’s payout ratio is currently 153.95%.

Analyst Upgrades and Downgrades

BNL has been the topic of several research reports. Citigroup downgraded shares of Broadstone Net Lease from a “market perform” rating to a “market perform” rating in a report on Friday, June 12th. The Goldman Sachs Group lifted their price objective on shares of Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a report on Saturday, August 1st. Citizens Jmp downgraded shares of Broadstone Net Lease from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. BMO Capital Markets upped their target price on shares of Broadstone Net Lease from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Cantor Fitzgerald raised their price target 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 research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.78.

Insider Transactions at Broadstone Net Lease

In other Broadstone Net Lease news, Director Richard P. Imperiale acquired 5,000 shares of Broadstone Net Lease stock in a transaction on Thursday, August 20th. The stock was purchased at an average price of $21.22 per share, for a total transaction of $106,100.00. Following the purchase, the director directly owned 26,250 shares of the company’s stock, valued at $557,025. This trade represents a 23.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.02% of the stock is owned by company insiders.

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.