BlackRock Inc. Takes $712.33 Million Position in Broadstone Net Lease, Inc. $BNL

Key Points

• BlackRock acquired a major stake in Broadstone Net Lease during the second quarter, purchasing 34.46 million shares worth approximately $712.3 million and representing an 18% ownership position. Institutional investors collectively own 89.07% of BNL.
• Broadstone Net Lease exceeded quarterly expectations, reporting EPS of $0.21 versus the $0.19 consensus and revenue of $122.31 million. The company issued fiscal 2026 EPS guidance of $1.55–$1.57.
• BNL announced a quarterly dividend of $0.2925 per share, equivalent to a 5.6% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $22.78.

BlackRock Inc. acquired a new position in shares of Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,462,110 shares of the company's stock, valued at approximately $712,332,000. BlackRock Inc. owned 18.00% of Broadstone Net Lease as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Private Wealth Group LLC increased its stake 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 buying an additional 600 shares during the period. Advisory Services Network LLC bought a new position in shares of Broadstone Net Lease during the third quarter valued at $61,000. Global Retirement Partners LLC acquired a new position in shares of Broadstone Net Lease during the second quarter worth $74,000. EverSource Wealth Advisors LLC grew its stake in shares of Broadstone Net Lease by 80.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,261 shares of the company's stock worth $68,000 after purchasing an additional 1,906 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Broadstone Net Lease by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,527 shares of the company's stock valued at $96,000 after purchasing an additional 1,385 shares during the period. 89.07% of the stock is currently owned by institutional investors.

Broadstone Net Lease Stock Performance

Shares of BNL opened at $21.08 on Friday. Broadstone Net Lease, Inc. has a 52-week low of $17.16 and a 52-week high of $23.10. The business's 50 day moving average price is $21.43 and its two-hundred day moving average price is $20.25. The firm has a market cap of $4.05 billion, a PE ratio of 27.74 and a beta of 0.92.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $122.31 million for the quarter, compared to analysts' expectations of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. Research analysts predict that Broadstone Net Lease, Inc. will post 1.53 EPS for the current fiscal year.

Broadstone Net Lease Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.2925 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.17 annualized dividend and a dividend yield of 5.6%. Broadstone Net Lease's dividend payout ratio (DPR) is currently 153.95%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BNL shares. BMO Capital Markets lifted their target price on Broadstone Net Lease from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. Citizens Jmp cut Broadstone Net Lease from an "outperform" rating to a "market perform" rating in a research note on Friday, June 12th. The Goldman Sachs Group raised their price objective on Broadstone Net Lease from $23.00 to $26.00 and gave the stock a "buy" rating in a research report on Saturday, August 1st. KeyCorp lifted their price objective on Broadstone Net Lease from $20.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Finally, 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. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Broadstone Net Lease presently has a consensus rating of "Moderate Buy" and a consensus price target 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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