Alyeska Investment Group L.P. Acquires 148,533 Shares of Broadstone Net Lease, Inc. $BNL

Key Points

• Alyeska Investment Group increased its Broadstone Net Lease stake by 7.8%, purchasing 148,533 shares to hold 2.05 million shares valued at approximately $42.4 million. Institutional investors collectively own 89.07% of BNL.
• Analyst sentiment remains favorable, with seven Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $22.78. Cantor Fitzgerald and Goldman Sachs recently raised their targets to $24 and $26, respectively.
• Broadstone Net Lease reported quarterly EPS of $0.21, exceeding the $0.19 estimate, and revenue of $122.31 million. The REIT also declared a quarterly dividend of $0.2925, representing a 5.5% annualized yield.

Alyeska Investment Group L.P. lifted its holdings in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,050,198 shares of the company's stock after purchasing an additional 148,533 shares during the period. Alyeska Investment Group L.P. owned 1.07% of Broadstone Net Lease worth $42,378,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BNL. BlackRock Inc. bought a new position in shares of Broadstone Net Lease in the 2nd quarter valued at approximately $712,332,000. Invesco Ltd. raised its position in shares of Broadstone Net Lease by 391.1% in the fourth quarter. Invesco Ltd. now owns 4,565,429 shares of the company's stock valued at $79,302,000 after purchasing an additional 3,635,809 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Broadstone Net Lease by 213.2% in the second quarter. Balyasny Asset Management L.P. now owns 4,335,166 shares of the company's stock worth $69,579,000 after buying an additional 2,951,207 shares during the last quarter. Norges Bank bought a new stake in shares of Broadstone Net Lease during the 4th quarter worth $41,471,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Broadstone Net Lease during the 2nd quarter worth $39,745,000. 89.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BNL. Citizens Jmp lowered shares of Broadstone Net Lease from an "outperform" rating to a "market perform" rating in a research note on Friday, June 12th. Truist Financial set a $22.00 price target on shares of Broadstone Net Lease in a report on Monday, June 8th. Citigroup cut shares of Broadstone Net Lease from a "market perform" rating to a "market perform" rating in a report on Friday, June 12th. Cantor Fitzgerald raised their price target on Broadstone Net Lease from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group lifted their price objective on Broadstone Net Lease from $23.00 to $26.00 and gave the stock a "buy" rating in a research note on Saturday, August 1st. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Broadstone Net Lease currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.78.

Broadstone Net Lease Trading Up 0.2%

Shares of Broadstone Net Lease stock opened at $21.13 on Monday. Broadstone Net Lease, Inc. has a 1 year low of $17.16 and a 1 year high of $23.10. The company's fifty day simple moving average is $21.49 and its 200-day simple moving average is $20.34. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 27.80 and a beta of 0.92.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last released 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. The firm had revenue of $122.31 million during the quarter, compared to analysts' expectations of $121.63 million. Broadstone Net Lease had a net margin of 30.61% and a return on equity of 4.83%. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, research analysts forecast that Broadstone Net Lease, Inc. will post 1.53 earnings per share for the current fiscal year.

Broadstone Net Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.2925 dividend. 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 (DPR) is presently 153.95%.

Insiders Place Their Bets

In other news, Director Richard P. Imperiale bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $21.22 per share, with a total value of $106,100.00. Following the completion of the transaction, the director directly 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Broadstone Net Lease Company 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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