2,126,373 Shares in Broadstone Net Lease, Inc. $BNL Acquired by Hudson Bay Capital Management LP

Key Points

• Hudson Bay Capital Management acquired a new stake of 2,126,373 shares in Broadstone Net Lease (BNL) during Q3, representing about 1.12% of the company and valued at roughly $37.998 million.
• Broadstone raised its quarterly dividend to $0.2925 (annualized $1.17), implying a 6.1% yield with an ex-dividend date of March 31, while the payout ratio stands at a high 232%.
• BNL missed quarterly EPS estimates (reported $0.17 vs. consensus $0.37), set FY2026 guidance of 1.53–1.57 EPS, and carries a consensus analyst stance of "Moderate Buy" with an average price target of $20.20.

Hudson Bay Capital Management LP acquired a new stake in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,126,373 shares of the company's stock, valued at approximately $37,998,000. Hudson Bay Capital Management LP owned approximately 1.12% of Broadstone Net Lease as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Cambria Investment Management L.P. grew its holdings in shares of Broadstone Net Lease by 15.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 36,667 shares of the company's stock valued at $655,000 after acquiring an additional 4,955 shares in the last quarter. Strategic Advocates LLC purchased a new stake in shares of Broadstone Net Lease during the third quarter worth $30,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Broadstone Net Lease during the third quarter worth $362,000. Advisory Services Network LLC acquired a new stake in Broadstone Net Lease during the third quarter valued at $61,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in Broadstone Net Lease by 4.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 312,228 shares of the company's stock valued at $5,573,000 after purchasing an additional 13,552 shares during the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Broadstone Net Lease Stock Performance

NYSE BNL opened at $19.32 on Thursday. The stock has a 50-day simple moving average of $18.95 and a 200 day simple moving average of $18.38. Broadstone Net Lease, Inc. has a twelve month low of $13.96 and a twelve month high of $19.91. The stock has a market capitalization of $3.70 billion, a PE ratio of 38.65 and a beta of 0.99.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.20). Broadstone Net Lease had a net margin of 21.25% and a return on equity of 3.17%. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. As a group, equities research analysts forecast that Broadstone Net Lease, Inc. will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 6.1%. This is an increase from Broadstone Net Lease's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, March 31st. Broadstone Net Lease's payout ratio is presently 232.00%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BNL shares. Wall Street Zen raised Broadstone Net Lease from a "sell" rating to a "hold" rating in a research report on Saturday, January 17th. BMO Capital Markets reiterated an "outperform" rating on shares of Broadstone Net Lease in a report on Thursday, December 4th. Cantor Fitzgerald boosted their price target on Broadstone Net Lease from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, February 24th. UBS Group increased their price objective on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday, March 9th. Finally, BTIG Research reduced their target price on shares of Broadstone Net Lease from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Friday, December 5th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $20.20.

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.

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