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

Key Points

• Palogic Value Management purchased 62,863 shares of Broadstone Net Lease in the second quarter, valued at approximately $1.3 million. Institutional investors collectively own 89.07% of BNL’s outstanding shares.
• Broadstone Net Lease reported quarterly EPS of $0.21, exceeding the $0.19 consensus estimate, while revenue of $122.31 million also topped expectations. The company set fiscal 2026 EPS guidance at $1.55–$1.57.
• The REIT declared a quarterly dividend of $0.2925 per share, or $1.17 annualized, implying a 5.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $22.78.

Palogic Value Management L.P. purchased a new stake in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 62,863 shares of the company's stock, valued at approximately $1,299,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in Broadstone Net Lease in the 2nd quarter valued at about $712,332,000. State Street Corp lifted its holdings in shares of Broadstone Net Lease by 2.2% during the 2nd quarter. State Street Corp now owns 8,388,518 shares of the company's stock worth $136,998,000 after acquiring an additional 178,186 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Broadstone Net Lease by 2.7% during the 2nd quarter. Alliancebernstein L.P. now owns 4,791,006 shares of the company's stock worth $76,896,000 after acquiring an additional 124,589 shares during the period. Invesco Ltd. boosted its position in shares of Broadstone Net Lease by 391.1% during the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company's stock worth $79,302,000 after acquiring an additional 3,635,809 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Broadstone Net Lease by 213.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company's stock worth $69,579,000 after acquiring an additional 2,951,207 shares in the last quarter. Institutional investors own 89.07% of the company's stock.

Insider Activity at Broadstone Net Lease

In related news, Director Richard P. Imperiale acquired 5,000 shares of the stock in a transaction dated 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 purchase, the director directly owned 26,250 shares of the company's stock, valued at $557,025. The trade was a 23.53% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is currently owned by company insiders.

Broadstone Net Lease Trading Down 1.1%

Shares of BNL opened at $21.32 on Thursday. The firm's fifty day simple moving average is $21.47 and its two-hundred day simple moving average is $20.31. Broadstone Net Lease, Inc. has a 12 month low of $17.16 and a 12 month high of $23.10. The stock has a market capitalization of $4.09 billion, a P/E ratio of 28.05 and a beta of 0.92.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last announced 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 return on equity of 4.83% and a net margin of 30.61%.The company 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. As a group, research analysts predict that Broadstone Net Lease, Inc. will post 1.53 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on BNL shares. Citigroup downgraded shares of Broadstone Net Lease from a "market perform" rating to a "market perform" rating in a research report on Friday, June 12th. BMO Capital Markets raised their target price on Broadstone Net Lease from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, July 10th. Truist Financial set a $22.00 price target on Broadstone Net Lease in a report on Monday, June 8th. Citizens Jmp downgraded Broadstone Net Lease from an "outperform" rating to a "market perform" rating in a research report on Friday, June 12th. Finally, BTIG Research raised their price objective on Broadstone Net Lease from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.78.

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.

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